Consolidate / change card payment processors

[Banksbroo]

We're looking to consolidate / change card payment processors for phone and online sales. Our merchant account is Elavon, and the payment gateway is through SagePay (if that's the right terminology?). Account is MOTO /online. Almost all business is B2B, so cards are corporate, and have the higher fees in the range 3.4% - 4% plus usual extras and PCI stuff. Generally low volume, high value transactions. Do I find a broker or just shop around myself? I've never understood the difference between the merchant account and gateway!

 

[Lisa Thomas]

I can recommend a provider if you don't find one on here. Feel free to dm me.

 

[boxlot]

Check this out - https://lopay.com/en-gb/pricing - this is the cheapest I've seen.

Probably the most popular is Stripe - https://stripe.com/gb/pricing

Merchant account is which collects the money, like bank account ish. Gateway is a payment processor. For example with one merchant account you can use different gateways etc.