In recent years, we have seen a new type of mobile payment terminal emerge: Zettle or SumUp are simple and inexpensive mobile POS solutions to use for small merchants and other entrepreneurs. They can thus easily collect payments by credit card, without having a Wi-Fi connection. Below, you will find a comparison to determine the best mobile payment terminal in 2021.
The bank card has established itself over the years as the preferred means of payment for the French. However, companies (however small/large) have not yet taken the step of the payment terminal due to the lack of flexibility and also the cost of the solutions currently available from traditional banks. With mobile POS like Zettle or SumUp, cashing by card becomes child's play.
Zettle: review, test and tutorial on the Reader 2 mobile TPE
Paying in cash is certainly still popular in France, but it involves cash flow management (which involves trips to bank branches) which is difficult for the entrepreneur. With contactless payment and mobile payment developing considerably in recent years, mobile payment terminals have a bright future ahead of them.
Below is a fairly detailed guide to finding the best mobile payment terminal. These mobile POS terminals are all the more popular as the health crisis is encouraging the French to avoid physical contact. Payment by bank card (and often contactless), including in markets, is becoming the norm. Having a mobile POS terminal like Zettle or SumUp is therefore a must in 2021.
The two suppliers of mobile payment terminals are players who have reached a critical size in a few years, who offer the best quality/price ratio on a terminal mobile payment. A solution that also adapts to entrepreneurs and independent workers, without bringing them any additional constraints. This comparison of the best mobile payment terminal available aims to present the main offers available on the French market.
In terms of fees, a mobile payment terminal that you would buy in a traditional bank has three levels of commission: first, a fixed amount at the time of purchasing the TPE (generally around €100 to €200). You then have to factor in a monthly subscription (around €10/month) as well as a commission on each transaction that represents the majority of the cost (between 1 and 2%).
In total, a mobile electronic payment terminal can quickly become a cost for a self-employed person or a micro-enterprise. And this is true even if it does not collect a single euro of turnover. To this can be added other hidden costs that banks can charge in the event of payment incidents. This is why the best mobile payment terminal must be less expensive.
As for mobile 2.0 POS terminals such as Zettle, SumUp, Smile & Pay or Link/2500, the pricing is much more transparent and much less expensive. This is one of the reasons why the offer is simple and accessible. It costs around €20 to €40 to purchase an initial box which is the mobile payment terminal itself. This will then be connected to a smartphone (via Bluetooth) which will be the basis for issuing the payment and an invoice. Subsequently, a fixed commission of 1.75% will have to be paid in most cases.
We can make the connection between the arrival of new online payment solutions and these new types of payment terminals: PayPal and Stripe have come to shake up online payments for traditional banks. In the mobile payment terminal, players such as Zettle (which was bought by PayPal for $2.2 billion at the beginning of 2018) are bringing real change to the historical ecosystem. Today, they may be the ones offering the best mobile payment terminal. Ingenico is also a major player in payment terminals, and its solution is set to quickly establish itself in France as a must-have.
The other big advantage of a mobile POS like Zettle, SumUp, Smile & Pay or Link/2500 is the fact that they can be easily transported to accept payments: this is a considerable argument for professions such as taxi drivers, shopkeepers or home service providers (hairdressers, massage, etc.).
To get a better next-generation mobile POS, you need to spend a few minutes on the internet to create your account. This is nothing like traditional terminals that involve having to open an account at the banking institution in question, by making an appointment with an advisor. The VAD (remote sales) contract requires an additional appointment and a significant administrative burden. Some traditional banks also require their customers to have fixed-term contracts (or with notice), which makes the user lose even more flexibility.
As for features, as you can see in our comparison of the best mobile payment terminals, the new tools also make it possible to offer features that go further. For example, Zettle offers a real-time SMS/email receipt management system, a receipt printer system, a cash drawer, barcode readers, and so on. On the mobile application, the customer can also track all of their accounting, give more or less freedom to salespeople, or manage a product catalog with ease.
In France, there are no fewer than 4 players who stand out for the quality of their offer: Zettle, SumUp, Ingénico and Smile&Pay. We have made a comparison of the best mobile payment terminal below, and you will find a description of each of the products so that you know what their specificities, advantages and disadvantages are.
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000First, there is the Zettle mobile payment terminal, which is one of our favorites in our comparison. The solution was created in 2010, in Sweden. During 2018, it was finally acquired by PayPal while it had filed for an IPO. Today, Zettle is one of the best mobile payment terminals on the market. You can see our Zettle review here.
The company's mobile POS is called Zettle Reader. Like all the solutions in our comparison of the best payment terminals, Zettle offers all types of classic payments (chip card with PIN code, contactless payment, payment with magnetic stripe). All bank cards are accepted: Mastercard, Visa, American Express, etc. Contactless mobile payment solutions such as Apple Pay, Samsung Pay and Google Pay are also available.
As you can see in the photos of this payment terminal comparison, the Zettle Reader is particularly accomplished in terms of design. The battery life is interesting since it provides 8 hours of intensive use without any wires (practical). It can be plugged into the mains to recharge at the same time. Payment is made in 5 seconds, and it takes only 2 seconds to turn it on. The warranty on the TPE is 12 months.
In terms of pricing, the Zettle mobile payment terminal is one of the most competitive in our 2020 mobile POS comparison: it costs . Note that there is no long-term commitment. In 2018 alone, Zettle is expected to process more than $6 billion through its terminal.
Another solution in our comparison of the best mobile payment terminals is SumUp. The English start-up was officially launched in 2011 and is already present in 31 countries. It presents itself as the European leader in mobile POS with thousands of customers. In total, it has raised several tens of millions of euros (with strategic investors such as American Express and BBVA). You can discover our SumUp test and review here.
The SumUp Air © Presse-citron.net
Its payment terminal is called the SumUp Air. Like the Zettle Reader, it can accept all credit card payments. The connection between the box and the application on the smartphone is via Bluetooth.
In terms of pricing, you currently have to pay . To get this advantageous pricing of €19 per box, you have to go through the link below. The classic home page displays a price of €39 for the SumUp Air. This is a standard amount that we also find at Zettle in our comparison of mobile TPEs.
SumUp is looking to develop more and more services for the self-employed, with its Point of Sale offer. It thus offers a complete solution for managing its online accounting, its product catalog, employee access, etc. As with its competitor Zettle, it is possible to order a receipt printer to issue receipts directly. Otherwise, the user will receive it by email or SMS.
Cocorico, here is a French solution. Founded in 2015, the company Smile & Pay intends to tread on the toes of the two giants mentioned above. It decided to review its offer in recent months by removing the simplified mobile TPE like its counterparts to focus on a classic payment terminal available at the price of €299.
The Classic Smile & Pay TPE
In terms of commissions, the Basic offer includes fees between 2% and 1.2% depending on the volume of transactions carried out each month. From 2,000 euros of transactions per month, the commission is degressive. For those who generate a lot of turnover, Smile & Pay is therefore a more interesting solution.
As one of the world leaders in payment terminals, the French company Ingenico has also expanded into the mobile POS niche. With its Link/2500 handheld terminal, the brand offers a quality alternative to traditional fixed terminals.
Among the specific features of the Link/2500 model from Ingenico, we note that it connects via Bluetooth, Wi-Fi or even a traditional 3G/4G network. The terminal accepts all payment methods: from bank cards to NFC (contactless) and mobile solutions such as Apple Pay, Fitbit Pay, Garmin Pay, Google Pay or Samsung Pay. Ingenico relies on its expertise in the sector to offer a highly secure solution.
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