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a card machine package that supports local businesses
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Get To Know More About Teya
Teya mainly targets small, local businesses such as corner shops, hairdressers, cafés and independent retail shops. Most small-to-medium business types are accepted
Business account, card and settlements
Teya offers a complimentary business account that small businesses can use to keep track of funds and expenses. This is not a bank account – it’s an electronic money (e-money) account, so funds are not protected in the same way as a bank account.
The account is managed in the Teya Business app, and merchants receive a free Visa debit card in the post within 5 working days. The card gives you 0.5% cash-back on all transactions, so that’s a compelling reason to use it for business expenses.
A virtual card can be used for Google Pay, but not yet Apple Pay (we’ve been told it will be added there soon, though). Each business can have multiple cards to split between staff members – up to 15 virtual cards, in fact.
The account is able to handle unlimited Direct Debits and UK bank transfers, but doesn’t do international transfers. You can withdraw cash from ATMs 30 times a month for free, after which it costs £0.50 per withdrawal. No other costs apply to the account.
Funds from card machine transactions either settle in the Teya Business Account or a bank account associated with your business. It makes no difference to the settlement time which one you choose.
Which Small Business Types Can Benefit from a TEYA Portable Card Machine?
In today’s fast-paced business environment, accepting card payments is no longer a luxury—it’s a necessity. Small businesses, in particular, require flexible, efficient, and cost-effective payment solutions to stay competitive and meet the demands of their customers. The TEYA portable card machine offers exactly that, catering to a wide array of small businesses by providing a reliable and versatile tool for accepting payments on the go. In this article, we will explore which types of small businesses stand to gain the most from integrating a TEYA portable card machine into their operations.
1. Food Trucks and Mobile Vendors
Food trucks and mobile vendors thrive on flexibility and convenience. With customers expecting swift service, the ability to accept card payments on the spot is crucial. The TEYA portable card machine is lightweight, easy to carry, and connects wirelessly, making it ideal for food trucks that often operate in areas where a fixed internet connection is not feasible. This allows vendors to serve more customers, reduce wait times, and increase sales, as cashless transactions are becoming more common. Moreover, the TEYA machine’s quick and secure processing ensures customer satisfaction and repeat business.
Key Benefits for Food Trucks and Mobile Vendors:
- Mobility: Easy to transport and use in various locations.
- Speed: Quick transaction processing reduces customer wait times.
- Connectivity: Wireless connection capabilities ensure continuous operation in remote areas.
2. Market Stallholders and Pop-Up Shops
Market stallholders and pop-up shops often operate in temporary locations where traditional payment methods might not be available. The TEYA portable card machine’s portability is a game-changer for these businesses. Whether at a weekend farmers’ market or a seasonal holiday shop, the ability to accept card payments on the go significantly enhances the customer experience. The TEYA machine’s user-friendly interface and robust design ensure it can handle the hustle and bustle of busy market days without any issues.
Key Benefits for Market Stallholders and Pop-Up Shops:
- Portability: Compact design makes it easy to move between different stall locations.
- Ease of Use: Simple setup and operation suitable for busy environments.
- Durability: Built to withstand the rigors of outdoor markets and frequent use.
3. Taxi Drivers and Ride-Sharing Services
For taxi drivers and ride-sharing services, convenience and security are paramount. With the TEYA portable card machine, drivers can accept payments from passengers quickly and securely without the need for cash. This not only improves the customer experience but also reduces the risk of carrying large amounts of cash. The TEYA machine’s robust security features, including encryption and fraud prevention, provide peace of mind for both drivers and passengers.
Key Benefits for Taxi Drivers and Ride-Sharing Services:
- Security: Reduces the need to carry cash, lowering the risk of theft.
- Convenience: Enables quick and easy payment processing for passengers.
- Trust: Enhances customer trust through secure, encrypted transactions.
4. Beauty and Wellness Professionals
Beauty and wellness professionals, such as hairstylists, makeup artists, massage therapists, and personal trainers, often operate in various locations or visit clients in their homes. The TEYA portable card machine is perfectly suited for these professionals, offering them the flexibility to accept payments wherever their services are required. Its compact size and wireless functionality make it easy to carry in a kit or bag, ensuring that payments are never an issue, regardless of location.
Key Benefits for Beauty and Wellness Professionals:
- Flexibility: Ideal for on-the-go professionals who operate in multiple locations.
- Professionalism: Enhances the service experience with easy, on-the-spot payments.
- Customer Convenience: Provides clients with the convenience of cashless payments, boosting satisfaction.
5. Tradespeople and Contractors
Tradespeople and contractors frequently work on-site at clients’ homes or businesses, making the ability to accept card payments in the field highly advantageous. The TEYA portable card machine allows tradespeople to offer a more streamlined service, eliminating the need for clients to make bank transfers or withdraw cash. This immediacy in payment collection can improve cash flow and reduce the time spent chasing payments.
Key Benefits for Tradespeople and Contractors:
- On-Site Payment Collection: Immediate payment processing at the job location.
- Improved Cash Flow: Faster payment collection helps maintain healthy cash flow.
- Convenience for Clients: Clients appreciate the ease of paying by card on-site.
6. Event Organizers and Caterers
Event organizers and caterers often handle payments in various locations, from wedding venues to corporate events. The TEYA portable card machine provides the flexibility needed to accept payments on the spot, whether it’s for last-minute orders, additional services, or guest payments at an event. The machine’s versatility ensures that event organizers and caterers can manage transactions efficiently, even in high-pressure environments.
Key Benefits for Event Organizers and Caterers:
- Versatility: Suitable for a wide range of payment scenarios, from deposits to final payments.
- Efficiency: Streamlines payment processing during busy events.
- Reliability: Robust enough to handle high volumes of transactions.
7. Retail Boutiques and Independent Stores
Independent retail boutiques and small stores often face stiff competition from larger chains and online retailers. Offering flexible payment options can set them apart and enhance customer loyalty. The TEYA portable card machine can be used in-store or at pop-up events, providing a seamless payment experience. Its compact design means it doesn’t take up valuable counter space, and its quick transaction times ensure customers can pay and be on their way without delay.
Key Benefits for Retail Boutiques and Independent Stores:
- Space-Saving Design: Compact and unobtrusive on the checkout counter.
- Customer Loyalty: Offering multiple payment options can enhance customer satisfaction and repeat business.
- Quick Transactions: Fast payment processing speeds up checkout lines, improving the overall shopping experience.
8. Artisans and Creatives
Artisans, crafters, and creatives who sell their work at fairs, galleries, or online can greatly benefit from the TEYA portable card machine. These individuals often need a flexible payment solution that can be used in various settings, from craft fairs to pop-up galleries. The TEYA machine’s ability to process payments quickly and securely ensures that no sales are missed, regardless of location. Additionally, its sleek design complements the aesthetic of creative professionals, adding a touch of modern professionalism to their transactions.
Key Benefits for Artisans and Creatives:
- Aesthetic Appeal: Sleek, modern design aligns with the artistic nature of the business.
- Flexibility: Suitable for use in a variety of selling environments.
- Security: Secure transactions protect both the seller and the buyer.
Conclusion
The TEYA portable card machine is a versatile, reliable, and efficient payment solution that meets the needs of various small businesses. From mobile vendors to independent stores, this device offers the flexibility and convenience necessary for businesses that need to accept payments on the go. Its user-friendly design, secure transaction capabilities, and portability make it an indispensable tool for any small business looking to enhance its payment processes and improve customer satisfaction. By incorporating the TEYA portable card machine into their operations, small businesses can streamline their payment methods, boost sales, and ultimately thrive in today’s competitive market.
Pricing: made simple for individual merchants
Teya likes to personalise fees to suit your circumstances, but also has this choice of plans for the card machine:
- Monthly Plan: £20/month, 1.68% for Visa/Mastercard, 1.9% for Amex/Diners
- Annual Plan: £15/month, 1.38% for Visa/Mastercard, 1.9% for Amex/Diners
- Pay Once: £99-£225 upfront, 1.68% for Visa/Mastercard, 1.9% for Amex/Diners
VAT is added to monthly and upfront charges. There’s a 12-month contract on the Annual Plan, while Monthly Plan and Pay Once don’t require any commitment. Pay Once doesn’t have a monthly fee.
More established or higher-volume businesses can opt for a commitment-free Custom Pricing plan with variable fees (interchange++ pricing) that would be cheaper for their sales volume.
Teya fees | |
---|---|
Monthly fee | Monthly Plan: £20 + VAT Annual Plan: £15 + VAT Pay Once: Free |
Upfront cost | Monthly Plan, Annual Plan: Free Pay Once: £99-£225 + VAT |
Contract | None on Monthly, Pay Once; 12 months on Annual |
Chip, contactless, Pay by Link transactions | Visa, Mastercard: 1.38% (Annual) or 1.68% (Monthly/Pay Once) American Express/Diners Club: 1.9% (Monthly/Annual/Pay Once) Custom fees on Custom plan |
Refunds | Free before payout; fee retained after payout |
Chargebacks | Free |
Terminal replacement | Free |
Unlike many card machine providers, the Visa and Mastercard transaction fees above apply to all transactions with those card brands, whether it’s a domestic, international, consumer, commercial or premium card, and even payment link transactions. The same goes for the Amex and Diners Club fee quoted.
All cards are ONE great price (NO confusion about which card cost this and which card cost that) Straight forward honest pricing
#Amex included
So how does the payment process work? The terminal comes pre-equipped with a ‘Payments’ app that you tap from the main menu. A code is required to log in, but that’s quick to create.
The main screen in the Payments app is a numbered keypad where you enter a total transaction amount. At present, there’s no way to itemise sales by adding different amounts or products to the same transaction.
Then you just proceed to the payment, ask the customer to tap or insert their card and enter their PIN on the screen (if requested). A receipt can either be printed from the terminal’s built-in receipt printer or sent via email or text.