4 best payment processing companies in the UK
As commercial transactions adopt a digital-driven approach, payment processing is becoming a linchpin in the business environment.
Sakkun Tickoo
Wonderful payment solutions
Wonderful makes it easy to integrate open banking with your business
-
Add Wonderful to your online checkout using our Payments API or our eCommerce store plugins.
-
Integrate Wonderful with your accountancy software.
-
Install our One app for in person POS transactions, to generate tap-to-pay links and payment QR codes.
How much will you save?
The Wonderful rate includes our paid subscription.
Monthly / Annually
The cost of processing payments using Wonderful vs the headline rates offered by Stripe, GoCardless and PayPal is illustrated.
Based on published rates on 1st July 2024
Impressed?
Register with us today and start saving.
£0.00
Wonderful
£0.00
GoCardless
£0.00
Stripe
£0.00
PayPal
The cost of processing payments using Wonderful vs the headline rates offered by Stripe, GoCardless and PayPal is illustrated.
Based on published rates on 16th February 2024
Powered by
open banking
Instant payments are account-to-account transactions powered by Open Banking. They are authorised directly from the customer’s bank account, simply approved from within their online bank or mobile banking app. There's no data entry at all (no account holder name, account number or sort code to enter) making the process simple and secure.
Join 11.3 million users who benefit from open banking-powered services, products and apps.
- Open banking users in the UK
- 11.3 million
-
Simple
- Your customers can dispense with long card numbers, cardholder names, billing addresses, expiry dates, CVVs and OTPs. They simply select their bank and authorise a payment in their banking app. The money moves straight from their bank account to yours.
-
Fast
- The process of checking out with Wonderful is also speedy. Around four times faster than using a card, in fact – and even quicker on a mobile device. Nobody wants friction at checkout, so we’re making the process as smooth as possible. Three simple steps: tap or scan, select bank, approve transaction.
-
Secure
- The best way to protect financial data is not to handle it in the first place. Unlike card payments, our instant bank payments mean your business does not have to collect, process or store your customers' sensitive financial data.
WooCommerce plugin launched
Seamlessly integrate your WooCommerce store with Wonderful Payments’ new plugin and start saving big. Installation takes just a minute and could save you thousands.
-
2,000 transactions per month
- Our WooCommerce package includes a generous 2,000 transactions each month. No need to worry if you exceed this limit; we only charge a penny per additional transaction.
-
Easy setup and installation
- Installing our WooCommerce plugin is a breeze. With just a few clicks, you’ll be set up and ready to go in no time.
-
Instant settlement and refund support
- Experience the convenience of instant payments. With our plugin, your WooCommerce store will be processing payments in just a few minutes.
Other Wonderful integrations
Supercharged. Minus the super charges
In addition to our Wonderful payments API, which your developers can use to integrate Wonderful into your online checkout, we have kicked off our third party integrations with a plugin that lets you take payments right from your WooCommerce store. Next up is a plugin for Xero allowing your customers to automatically generate invoices each time they create a payment using the One app. Each integration is priced at just £9.99 / month.
One mobile app
Accept secure, instant bank payments from your customers through our One mobile app. Perfect for point-of-sale (POS) transactions or sending your customers a simple tap-to-pay link. Your customers don't need our app to make a payment. They simply confirm the payment in their mobile banking app.
We eliminate share-of-revenue payment processing fees and settle instantly - at a market-crushing rate of just 1p per transaction.
One is available FREE for UK charities.
-
Sage
A software solution for your business' accounting, payments, human resource management, payroll and more.
Coming soon
-
Xero
Our Accountancy integration allows merchants to import customers from Xero and automatically create and send emails from payments generated using our One app. It only takes a couple of minutes to integrate and connect.
More info
-
Quickbooks
Accounting software to help your business automate accounting, bookkeeping, invoicing and time, inventory and expenses.
Coming soon
Wonderful payments API
By using our API to integrate Wonderful’s instant bank payments into your online checkout,
you’ll make huge savings on payment processing. You’ll also benefit from instant settlement
whilst giving your customers a simple, fast and secure journey through checkout.
More info
Need a different integration?
If there's an eCommerce or accountancy plugin you'd like us to develop - or indeed any other type of integretion - please let us know by completing the short form.
We're working hard to bring instant bank payments to as many platforms as possible. We'll notify you as soon as your recommendation is live.
Pricing
Our subscription plans offer incredible value, equivalent to just 1p per transaction! Any transactions above your monthly allowance will also be charged at just 1p.
Starter
£9.99 plus VAT / month
1,000 transactions (1p per transaction).
- One POS payment app
- Web administration
- Order and transaction history
- 1 x admin (additional: £9.99 / mth)
Plus
£19.99 plus VAT / month
2,000 transactions (1p per transaction).
- One POS payment app
- 1 x e-commerce integration, or
- 1 x accountancy integration, or
- 1 x One public API key
- Web administration
- Order and transaction history
- 3 x admins (additional: £4.99 / mth)
- Additional integrations: £9.99 / mth
Charity
Free
Unlimited transactions (0p per transaction).
- One POS payment app
- Web administration
- Order and transaction history
- Access to Wonderful Org
- Donate buttons for charity websites
- 5 x admins
Supported banks
Have we teamed up with your bank yet?
- 1 Yay! My bank is supported. Get started→
- 2 Boo. You didn’t get to my bank yet.
Your business bank must be displayed in order to use Wonderful Payments. We also have a list of supported banks for customer payments for reference. We’re adding new banks at a pace to match our Head of Tech’s coffee consumption. (Almost.)
If your bank isn't supported yet, fill out the form and we’ll be in touch.
When did we get so wonderful?
In 2016, actually. We launched a free charity fundraising platform at wonderful.org and began working with some of the most worthwhile charitable causes in the UK.
Endorsed by the Money Saving Expert
It was quickly endorsed by the Money Saving Expert, but its popularity became a double-edged sword, with the prohibitive cost of card processing constraining its impact and reach.
Moved to Open Banking
Moving the platform exclusively to Open Banking transactions not only solved our problem, but yours too! The fees associated with simply getting paid should not be punitive for businesses or charities.
Continued growth
We're very proud to continue providing all our services to UK charities with no fees at all. Charities, donors and fundraisers do wonderful work and achieve incredible things every day. Now, you and your customers can support them with a wonderful experience at checkout.
“We’ve been using Wonderful for a few months now. Reducing payment processing costs by 99% is a winner, but we’ve also been very impressed with the payments technology. We can use Wonderful's One app to take payment in the showroom or generate a payment link which we email to our customer. Either way, the money is in our account instantly and we remove all the faff of getting paid.
The Wonderful team is very helpful so if you’re new to open banking or have any questions about how it works, they’re always on hand. Getting started is straightforward and you’ll be saving straight away. Highly recommend.”
Luke
Nissan Rowstock
Testimonials
People who think we're wonderful
“In a world were most organisations are trying to make money out of anyone and everyone, Wonderful has given us a fundraising platform that is free, enabling us to give more funds to our cause and the reason we are here.
Finally we have now found a fundraising platform that is really here for charities. Thank you Wonderful.”
Wendy
Care and Relief for the Young
“We're in the open banking space now. It has been a huge priority of mine to exceed user's expectations and if there is a financial benefit to us (free transactions) then it's a no brainer. Thank you to the Wonderful team.”
Therese
CAFOD
“Wonderful is our preferred online donation platform where we receive 100% of a donation plus Gift aid. In the current, very challenging fundraising climate this is very important to us as a charity.”
Salma
One Roof Leicester
“As a small organisation, every penny counts and we were staggered at the level of service we received from the team, with every penny donated coming back to the charity.”
Maria
Villiers Park Educational Trust
“Wonderful has been an amazing partner for us and helps us to fulfil our pledge to our donors that 100% of their donations go to the intended deserving recipients of our scholarships.”
Kim
TEST for Africa
“What we like about Wonderful.org is that it is truly a no-fuss platform for people to use to donate to a charity. Easy for people to donate on and easy for us as a charity to log in and find out the information we need for our records.”
Tricia
CICS Group Coordinator
“I’ve been really happy to use Wonderful – we’ve predominantly used it for our company challenges to raise money for a small, lesser-known charity. It’s enormously reassuring to know that all the money raised goes to the charity.”
Abi
Modo25
Frequently asked questions
Can’t find the answer you’re looking for? Contact our support team.
- Why choose Wonderful payment solutions for processing payments?
- Quite simply: it’s fast, simple and secure. You save a fortune on merchant processing fees compared to debit and credit card processing, and if that’s not enough you get to support our charitable giving platform, enabling hundreds of charities to process donations for free.
- How much will payment processing cost?
- 1p per transaction! Depending which plan you sign up for, you will have either 1,000 or 2,000 transactions included within your plan. Any additional transactions will be billed at 1p/transaction, whether you process 1 additional transaction, or 100,000 additional transactions.
- Are there any setup costs or hidden charges?
- No, absolutely no hidden charges! You simply need to select which plan you wish to sign up for: Starter plan (£9.99/month, including 1,000 transactions) or our Plus plan (£19.99/month, including 2,000 transactions and access to a plugin integration or our Public API). Any additional transactions outside those included in your monthly plan will simply be billed at 1p/transaction.
- Is payment settlement instant? When will I receive the funds?
- The payment is instant. You will receive the funds usually within a couple of seconds, but it can take up to a maximum of 2 hours. This is because the payment is processed in real-time, but the bank may take a little time to process the payment and make the funds available in your account.
- Can I process refunds?
- Yes - Wonderful allows you to process refunds for your customers. Whether it is a payment processed via our API or one of our e-commerce plugins, you can action customer refunds from within your Wonderful account, instantly moving the funds back into your customers’ accounts via Open Banking.
- Can I get my money back if I'm not happy?
- Absolutely! At Wonderful, customer satisfaction is key. We hope that you will be happy with our products, but should you have any issues at all, we offer a 7 day money-back guarantee. Please email [email protected] for help with this.
- How do instant bank payments work?
- Easy. You generate a QR code or a payment link to display at checkout or send to your customer. They scan/click/tap and authorise the payment using their mobile bank app or online bank account. You get paid instantly.
Need support or advice?
At Wonderful we're dedicated to making things as easy as possible for our commercial and charity partners to get onboard. We have a range of resources to help you find the information and answers you need to get up and running as quickly as possible.
From the blog
The Wonderful team writes about Open Banking payments technology: from cost savings, security and settlement improvements, to third party integrations, fintech regulation and mobile apps.
6 best POS systems for retail shops and stores in the UK
The Point-of-Sale has been evolving with the changing dynamics of the retail industry and the retail POS system remains a vital cog in the wheel. Let's take a look at some of the best retail POS systems in the UK.
Carmen James
10 best mobile POS systems for businesses in the UK
Mobile phone POS is a key enabler that helps businesses adopt smarter processes for operational efficiency. Take a look at some of the best mobile POS systems in the UK and choose the right one for your business.
Kieron James
Pay by bank app: Secure and instant payments for UK businesses
Pay by bank is a modern payment processing method, powered by Open Banking, which provides UK businesses with a simpler, faster and more secure payment solution.
Kieron James
6 best payment platforms to accept online payments for UK businesses
Get an in-depth analysis of popular online payment methods, payment processing solutions and some of the best payment payment platforms to accept online payments for your business.
Sakkun Tickoo
6 of the best WooCommerce payment plugin options for UK merchants
Choosing a cost-effective WooCommerce payment plugin can significantly reduce operating costs and streamline cashflows for your business
Sakkun Tickoo
Choosing the best payment gateway for your WooCommerce store
From optimising transactions to reducing fees- selecting the right WooCommerce payment gateway could be a game-changer for your WooCommerce store
Sakkun Tickoo
Explore the best POS systems for small business in the UK
Explore the most cost-effective POS systems for UK small businesses and save a bundle on payment processing fees.
Gabi James
QR code payments for UK businesses: A simple guide
QR code payments are becoming increasingly popular, and for good reason. Find out how your business can delight customers, and slash transaction fees with QR code payments.
Gabi James
5 of the cheapest online payment systems for UK businesses
With the wide variety of online payment systems available today, we take a look at some of the most cost-effective payment gateways in the UK.
Kingsley Ohia
Live demo
To see instant payments in action, tap the linkscan the code to make a 10p payment to All Ears Audio.
