How much is a chip and pin machine?

Finally understand card machine costs, and find out which chip and pin machine is right for you with free quotes

Chip and PIN machines help small businesses in the UK compete with the big dogs in their industry by processing payments on an equal footing.

Customers expect to be able to pay using their credit or debit card, and chip and PIN machines make this possible. But you want to know what card machine costs are in store, so you can make sure you’re getting a good deal.

So, how much is a chip and PIN machine? In this article, we explain what’s included in the card machine price and break down any other chip and PIN machine costs, plus we walk you through the credit card machine rental costs.

And if by the end you’re clued up enough to compare card machine costs, we have a quote-finder that will match you to the chip and PIN machine providers who have what you’re looking for, so you can compare quotes.

In this article, you will learn:

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How much is a chip and PIN machine?

The total cost of a card machine includes the chip and PIN machine costs (starting from around £30) and any extra card machine fees (which will depend on your sales and contract).

To calculate the cost of a chip and PIN machine, you just add the card machine price to the credit card processing charges involved.

The total chip and PIN machine costs will include the transaction fees, which will vary according on the sales you bring in each month (some card processing companies like PayPal charge different rates for different sales volumes) and any monthly costs in your contract (usually for services like chargebacks and invoices).

Here is what you can expect to pay for a chip and PIN machine:


Card machine price

The chip and PIN machine price will range from anything between £30 and £300, but average around £50 new.

First, let’s consider the cost of a credit card machine for small businesses. Card machine providers will offer different prices depending on the contract you go for, and the services you tag on.

But to give you an idea of chip and PIN machine prices, you can expect to pay anywhere from £30 for a cheap and cheerful payment terminal to £300 for a state-of-the-art PDQ machine with all the bells and whistles.

  • Advanced chip and PIN machine cost – £180 to £300
  • Mid-level chip and PIN machine cost – £80 to £180
  • Basic chip and PIN machine cost – £30 to £80

Other chip and PIN machine costs

There’s more to card machine costs than meets the eye. Don’t forget: any upfront costs, monthly fees and usage fees.

Of course, chip and PIN machine prices don’t cover the whole cost of a card machine. You’ll need to talk directly to your device provider to come up with more exact chip and PIN machine quotes for your small business.

Here is a summary of the main card machine fees:

  • Upfront costs – These are almost always just the cost of your chip and PIN machine
  • Monthly fees – Monthly fees don’t always apply, but when they do, they depend on the type and number of chip and PIN devices you have
  • Usage fees – How much it costs to use a chip and PIN machine is outlined in your contract, and includes minimum monthly charges and chargeback fees

Card machine price comparison

Sometimes chip and PIN machines at the higher end range don’t cost more than cheaper models, as they can include an add-ons you may want (such as the receipt printer or a card reader holder).

You just connect your chip and PIN terminal to your overall merchant account and EPOS (electronic point-of-sale) system system to provide top-to-bottom payment cover and support.

Here are three examples where the chip and PIN machine costs show great value from a reliable card processing company:

Hypercom Optimum T4210 portable chip and PIN machine cost: £150

Hypercom Optimum T4210 For between £150 and £160, Hypercom’s Optimum T4210 chip and PIN machine is an ultra-speedy mid-range card payment terminal for small businesses in a range of sectors.

This card machine includes a printer and keypad, as well as a quality screen with easy-to-use buttons to help both staff and customers process payments efficiently.

EFT Vega3000 countertop chip and PIN machine cost: £250

EFT Vega3000 EFT’s Vega3000 chip and PIN terminal is another great choice for small businesses. It costs around £300, but is flexible enough to be used in a wide range of businesses and sectors.

This is one to impress, with a colour screen and large, user-friendly buttons. This card machine makes paying by card extra-smooth for customers, and it looks the part, so you won’t be turning anyone off with security concerns.

Ingenico iWL250 wireless chip and PIN terminal cost: £350

Ingenico iWL250 Ingenico is a leading card processing provider, and you’ve probably already had your hands on one of these chip and PIN terminals as a customer yourself.

The Ingenico iWL250 is a robust card reader at the top end of the quality scale, and as a portable card reader, it’s perfect for helping businesses take payments flexibly – in bars or restaurants, where you can bring the terminal to the customer.

Cheap chip and PIN machines

We’ve tracked down some of the cheapest card machines in the UK.

Small businesses and start-ups want to be keeping as much of their hard-earned cash as possible, and have the flexibility to chop and change contracts according to their growing businesses.

With the flurry of robust and cheap card machines to enter the small business market recently, you may be surprised by the quality you can get for an amount you can swallow.

Chip and PIN terminals from the likes of iZettle, Square, SumUp, Worldpay and PayPal are now making it cost-effective even for start-ups and low volume businesses to take card payments.

Here are five chip and PIN providers for businesses on a budget:

Card Reader Device Cost Transaction Fee
iZettle £59 (excl. VAT)
£19 on offer now
square logo £39 (excl. VAT) 1.75%
sumup logo £59 (excl. VAT) 1.69%
worldpay logo £39.99 (excl. VAT) 1.95% – 2.75%
(depending on sales)
paypal here logo £65 (excl. VAT)
£45 on offer now
1% – 2.75%
(depending on sales)

iZettle card machine cost: £19 now on offer

iZettle The iZettle chip and PIN machine usually costs £59, but we have a special Startups discount, so you can get it for just £19 all-in (that’s all you’ll ever pay).

iZettle combines an easy-to-use little device with transparent pricing (no monthly fees and one fixed transaction rate of 1.75%).

Also included free is the iZettle app for Android and iOS, daily reports, and customer phone support.

Full iZettle review

SumUp chip and PIN machine cost: £59

sumup air chip and pin machine The SumUp card machine is one of the most affordable at just £59 – plus, it’s homegrown in the UK, and comes with a great app and reliable support.

SumUp is also the chip and PIN provider with the lowest transaction fees of 1.69% (nearly half the 3% rate offered by traditional banks), so it’s one for small businesses on a shoestring. As with iZettle, there are no monthly tie-ins or hidden fees.

Full SumUp review

Square card reader cost: £39

Square Card Reader Cost The Square card reader is one of the cheapest card machines at just £39 new.

On top of that, you only need to factor in affordable transaction costs of 1.75% for inserting, swiping or contactless card payments or 2.5% for manually keyed-in transactions.

Full Square review

Worldpay card machine cost: £39.99

worldpay card machine WorldPay is the UK’s number one card reader, and costs just £39.99, though the transaction charges are less competitive at 2.75%.

The Worldpay chip and PIN machine stands out, as you can use it without Wi-Fi (payments are processed once you come online again). That means it isn’t quite as cheap as the rest of the batch, but for some small businesses that’s a small price to pay for not losing out on sales.

Full Worldpay review

PayPal chip and PIN machine cost: £45 now on offer

Paypal Card Reader Cost The PayPal Here card reader is usually £65, but you can get 20% off with the promo code HERE20 if you buy it here.

PayPal works out the cheapest card machine for high-volume businesses – for monthly sales topping £6,000, it’s 1.5% and if you’re bringing in over £15,000 a month it’s only 1% in transaction fees.

Full PayPal Here review

Bigger doesn’t always mean better when it comes to chip and PIN machine providers, so it’s a good idea to check out our full list of the UK’s best card machines for small businesses.

Chip and PIN machines: Buying vs renting

Whether it makes sense to buy or rent a card machine depends on your appetite for flexibility as well as your individual business set-up.

Buy a card machine?

Chip and PIN machines don’t have to cost the earth, and getting your own device will often save you in the long term with no monthly commitment or exit charges.

These are the pros and cons of buying a chip and PIN machine:

✅ No monthly commitment
✅ Cheaper long term
✅ Pairs with EPOS system
✅ Your device, your rules
✅ Competitive advantage
✅ You pick the best device
❌ Initial costs
❌ No replacements
❌ Can go out-of-date

Rent a card machine?

Long or short term card machine hire is a popular option for small businesses. Perhaps you only work seasonally, or you just like the added maintenance and support that comes with renting equipment.

These are the pros and cons of card machine hire:

✅ No purchase costs
✅ Maintenance included
✅ Ideal for short term use
✅ Support team on hand
✅ Latest device renewals
❌ No ownership
❌ Higher costs long term
❌ Contract lock-ins
❌ Possible exit fees

Credit card machine rental costs

Small businesses can expect to pay between £15 and £25 per month to hire a card machine.

How much does a credit card machine cost to rent? Without wanting to sound like a broken record, it really does depend on the chip and PIN machine you choose, but most small businesses pay £15 to £25 a month just for the payment device rental.

When you add the set-up fee of £100 to £150, that usually translates to between £280 and £450 per year for a rented chip and PIN machine, plus the percentage cost of transaction fees (which depend on your sales):


For example, a business with an average monthly income of £5,000 with a mid-range chip and PIN terminal and 2% transaction fees would pay around £115 a month for the card machine hire all-in.

Any last words?

Whatever you decide, you’ll want to avoid buying or leasing used chip and PIN machines. It may seem like a bargain at the time, but rejected devices often suffer technical issues and outdated technology that can cost you more in lost sales in the long run.

Chip and PIN machine costs: In a nutshell

Chip and PIN machines can be as cheap or as features-packed as you want them. The average card machine cost is £50, but we at Startups can help you get the best deal.

The good news is there’s a card machine price to suit any business. The bad news is this article can’t tell you exactly which chip and PIN terminal to go with because the right deal for you will all depend on your monthly sales, number of devices needed and contract length.

But if you’re ready to compare card machines, we’ve made a personalised quote-finder for our readers at the top of this page.

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Compare card machine quotes: The next steps

To get custom-fit quotes from some of the UK’s best chip and PIN machine providers, check out our easy quote-finder.

If you’re itching for the best chip and PIN machine for your business, the next step is to get talking to suppliers – and Startups can connect you.

It’s free to find your best card machine providers: just tell us what you’re looking for, and your card machine matches will get back to you personally with their best offers, so you can compare all your options.


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