10 Best Credit Card Processing Services [2020's Reviews]

We are slowly moving into a cashless society where we no longer need physical money to pay for products and services. Nowadays most online and physical shops accept credit card payments. So which companies offer the best credit card processing methods?

That’s what we’ll be discussing in today’s article.

  • ✓ We’ll be reviewing:the top 10 credit card processing companies.
  • ✓ Read our methodology to see how we conducted our research.
  • ✓ Check our extensive buyer’s guide to find out more about credit card processors.

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Best Credit Card Processing Companies

1. Square

Reliable online checkouts

Built-in payment security

Free store website

Best Credit Card Processing Reader

Visit Site

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Are you looking for a credit card processing service that offers built-in payment security and affordable hardware payments? Square is the card processing service you need to optimize your workflow and manage your transactions successfully. Square is rated the best credit card processing service in 2020 for companies of any size.

Read full review

Ease of Use

Features

Integration

Cost

2. Shopify

100 alternative third-party gateways

Useful add-ons for e stores

24-hour support team

Best For Contractors

Visit Site

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Shopify is one of the best SaaS payment processing companies on the market. The company offers 24-hour support and has extensive online security. Furthermore, Shopify has over 100 alternative third-party gateways. The system is easy to operate, and the company has an excellent reputation.

Read full review

Ease of Use

Features

Integration

Cost

3. Fattmerchant

ACH subscriptions

Offers EBT processing

Excellent invoice and billing features

Best Choice For Restaurants

Visit site

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Fattmerchant is the best mobile credit card processing for the hospitality industry. So, if you own a hotel or restaurant, this service provider is for you. Fattmerchant has quality invoice and billing features and offers EBT processing. With no percentage markup rates, Fattmerchant is the superior choice when selecting a credit card processing service.

Read full review

Ease of Use

Features

Integration

Cost

4. Sam’s Club

EMV compatible

Ecommerce support

Offers POS systems

Best For Online Shops

Visit Site

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Sam’s Club has been offering its services since the early 2000s and many merchants and customers are happy with their solutions. This credit card processor is suitable for online retailers and small businesses. One aspect you’ll appreciate about Sam’s Club is that they’re transparent with their pricing. So you won’t get unpredictable payments at the end of each month.

Read full review

Ease of Use

Features

Integration

Cost

5. Stripe

Supports multiple payment methods

Integrates with popular credit card networks

Create fraudulent transaction prevention rules

Best Credit Card Payment Gateway

Visit Site

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Stripe is one of the best small business credit card processing services you can get especially if you have an online store. The company offers integration with major credit card networks and it allows you to create your own fraudulent transaction prevention rules. It’s also great if you want to accept multiple currencies.

Read full review

Ease of Use

Features

Integration

Cost

6. Flagship Merchant Services

Integrated Clover Suit Line

Offers mobile payment processing

Provides one free transaction terminal

Best For Hotels

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Flagship Merchant Services is a credit card processor with excellent data security compliance, and they offer interchange-plus pricing. This service provider is suitable for small merchants who need a robust processor to help them manage their accounts. You can accept payments no matter where you are thanks to the mobile payment processor.

Read full review

Ease of Use

Features

Integration

Cost

7. Helcim

Hosted online store

Back-end processor from Elevon

Offers mobile and countertop card reader

Best For Large Transactions

Visit Site

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Helcim is an ideal service provider for small shops but it’s also the best virtual terminal credit card processing company. This is because you can accept transactions on the go making it ideal for mobile merchants. So, if you’re looking for an affordable payment solution for your business, Helcim is the service provider for you.

Read full review

Ease of Use

Features

Integration

Cost

8. CreditCardProcessing

Offers online payment gateway

NFC and EMV acceptance

QuickBooks integration

Best Choice For Festivals

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You’ll appreciate that there’s no application setup fee when you sign up to CreditCardProcessing.com. The company offers excellent customer support whenever you need it. You can manage your accounts effortlessly through QuickBooks and the terminals accept NFC and EMV transactions.

Read full review

Ease of Use

Features

Integration

Cost

9. National Bankcard

Loyalty and text club

QuickBooks integration

Turn paper checks into digital payments

Best For Flea Markets

Visit Site

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National Bankcard is one of the most compliant credit card processors you can get. The service provider has mobile payment solutions as well as POS systems. Use the integrated QuickBooks service to manage your accounts and turn paper checks into digital payments. This is an excellent service provider if you want paperless payment solutions.

Read full review

Ease of Use

Features

Integration

Cost

10. Payline

Get emails and text receipts

See the entire transaction history

Accept swipe, chip, contactless payments

Best For Small Businesses

Visit Site

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Payline is one of the best credit card processing services 2020 has to offer for ecommerce sites. The company also has POS services for physical shops, as well as transparent interchange-plus pricing. The company provides excellent customer support and it’s user-friendly.

Read full review

Ease of Use

Features

Integration

Cost

Our Methodology

✓ Ease of Use: When looking at the credit card processing companies you should pick one that will be quick and easy to use. A customer should be able to either swipe their card instore or save their credit card details online for quick purchases.

✓ Main features: What important features does the best credit card processing company provide? Does the company allow in-store and international purchases? One feature you must never compromise on is security. Transparent rates and fees are also important.

✓ Integrations and available add-ons: Some credit card companies will have extras such as multiple payment options. The company may offer a rewards system for loyal customers.

✓ Hardware: A credit card company should offer minimal merchant hardware because it can cost a business a lot of money if you need to buy it separately. Opt for modern hardware to process payments such as a tablet or QR scanner.

✓ Customer support: Since you’re working on a digital system you may experience a few glitches. Ensure that the credit card company you opt for has 24/7 customer support that will assist you during emergencies.

✓ Pricing model: What is the pricing model used by the payment processor: flat-rate pricing, cost-plus pricing, or tiered pricing? These are considerations you must not overlook because you don’t want to spend too much extra money on your credit processor.

At a Glance

  • Free store website
  • Reliable online checkouts
  • Built-in payment security
  • Has predictable flat-rate pricing
  • Offers affordable hardware for payments
  • Feature-rich system
  • Connection issues
  • Not suitable for big corporations or high-risk industries

Square is one of the most well-known and feature-rich credit card processing systems on the market. This service provider is perfect for small one-person operated shops as well as for enterprise corporations. Square is a user-friendly service provider that allows multiple payment options.

Ease Of Use

The Square credit card processor is one of the easiest systems to use. Most people prefer to use Square because it can be integrated into various ecommerce sites. The site even gives you tips on how you can train your staff to use the system correctly.

Features 

Square offers multiple payment options such as contactless NFC, cash transactions, and a mobile card reader. What’s more, the Square system allows you to make use of electronic signatures and receipts which give you a paperless environment.

Startup Cost, Fees, Upgrades

There are no startup costs when you sign up with Square and the company offers affordable fees for each transaction. It’s rated one of the best credit card processing companies in 2020 reviews due to its affordable price.

Integrations

The Square credit card processor can be integrated into many types of ecommerce sites such as Wix or Weebly. You can effortlessly integrate this credit card processor with your online payment platform.

Customer Support

Square offers customers excellent customer support. You can rest assured that all your customers’ banking details are kept safe because there are end-to-end encryptions on each transaction. Square has HIPAA compliance and PCI compliance.

Startup Cost Starts at 0%/month for unlimited devices 
Monthly Fee $60 per month 
Swiped/Chipped Transaction Fee 10c
Integrations Integrates into any ecommerce site such as Weebly or Wix 
Mobile App Offers a free POS mobile app

At a Glance

  • Useful add-ons for ecommerce stores
  • 100 alternative third-party gateways
  • 24-hour support team
  • User-friendly operation
  • Has high-quality design
  • Suitable for small and big businesses
  • Charges transaction and processor fees
  • Not suitable for small businesses

Shopify is an ecommerce software that allows you to build your own online shop. On the other hand, the software company also provides a credit card processing service. It’s one of the best payment processing software services because it offers all-in-one payment features.

Ease Of Use 

Customers love how easy it is to do payments through Shopify. You don’t need to be tech-savvy to make a transaction through the system. Shopify payments and management systems are located in your admin panel so you can access them easily.

Features 

Shopify has a fraud analysis feature that reduces the number of chargebacks on the system. Additionally, there’s a tool that calculates shipping rates in real time and helps track your shipments.

There’s a Shopify POS that allows you to process transactions in person, on a mobile device or tablet. Shopify also has a certified card chip reader for quick and easy in-person transactions.

Startup Cost, Fees, Upgrades

Shopify offers a basic startup for $29. The company also has a low transactional fee of 30c for online transactions but no fees for in-person transactions. You can upgrade your payment plan to Shopify Plus if you’re running an enterprise.

Integrations

Shopify allows over 100 integrations for third-party sites such as PayPal and to expand on sites such as eBay or Amazon.

Customer Support

Shopify offers 24/7 customer service via live chat, phone, or email.

Startup Cost $29
Monthly Fee $29 per month for the basic plan 
Swiped/Chipped Transaction Fee 30c
Integrations Over 100 other payment solutions including PayPal
Mobile App Connects Shopify portable hardware to mobile devices

At a Glance

  • Excellent invoice and billing features
  • Has ACH subscriptions
  • Offers EBT processing
  • No long-term contracts
  • Funds reflect within 24 hours
  • No percentage markup rates
  • Only works for US-based merchants
  • Integrations are weak

Fattmerchant is one of the best credit card processing companies to use for restaurants, bars, and retail stores. It’s also suitable for salons and for large hotels. Fattmerchant allows multiple payment solutions for big and small businesses.

Ease Of Use 

Fattmerchant is a credit card processor that offers effortless operation and makes transactions a breeze. You’ll have complete access to your transaction history so you can monitor payments. Additionally, if you want to move from a previous service provider Fattmerchant makes the process hassle-free.

Features 

There are many beneficial features that Fattmerchant has that many credit card processors don’t have. Fattmerchant offers you a billing portal, tax calculator, online invoice, and payments as well as customizable invoicing.

Startup Cost, Fees, Upgrades

The startup cost for Fattmerchant users is $99 but they also have low transaction fees between 8c and 15c for chipped cards or swipes.

Integrations

Fattmerchant offers over 100 integrations from third-party companies including Aloha and Micros.

Customer Support

Fattmerchant has live online support 24/7 so if you’re experiencing any difficulties with your system you’ll get a quick response to assist you.

Startup Cost $99
Monthly Fee $99/month
Swiped/Chipped Transaction Fee 8c to 15c 
Integrations Over 100 integrations including Micros and Aloha 
Mobile App Mobile app available for iOS and Android users

At a Glance

  • Upfront about their pricing plans
  • Offers POS systems
  • Ecommerce support
  • EMV compatible
  • Comprehensive line of Clover products
  • The platform is easy to operate
  • Suitable for small businesses
  • Deceptive sales marketing tactics
  • Poor customer service

Sam’s Club is a merchant accounts service provider located in Arkansas. Since the company’s inception, it has provided services to over 50,000 successful merchants. This credit card service provider is suitable for small businesses because it offers a variety of POS systems.

Ease Of Use

Sam’s Club is an easy service provider to use for both the merchant and the customer. Transactions are done quickly so that there are no queues in your shop and the systems are user friendly.

Features 

Sam’s Club credit card processing service offers mobile support with the Clover Go app and card reader. This app is free and compatible with iOS and Android devices, and it supports EMV payments. You can connect the app to any phone via Bluetooth.

This service provider also offers ecommerce support because it’s designed with online retailers in mind. Sam’s Club provides countertop terminals for physical shops. These terminals are EMV compliant and have color touch screens.

Startup Cost, Fees, Upgrades

The startup cost is $19 with flat-rate processing. For each transaction of swipes or chipped cards, you’ll get charged 15c.

Integrations

To support mobile operations and ecommerce payment solutions Sam’s Club uses the Clover Go app.

Customer Support

Unfortunately, Sam’s Club doesn’t have an excellent reputation when it comes to its customer support services. However, the company does offer 24/7 support through live chats. You can also phone Sam’s Club for any questions or problems you’re experiencing with your system.

Startup Cost $19 with flat rate processing 
Monthly Fee $5
Swiped/Chipped Transaction Fee 15c
Integrations Integrates with apps from Clover market
Mobile App Offers mobile processing with Pogo 

At a Glance

  • Allows you to create your own fraudulent transaction prevention rules
  • Integrations with popular credit card networks
  • Supports multiple payment methods
  • Built-in tools to assist with fraud
  • Responds to queries within 48 hours
  • Fast and easy setup
  • Issues with canceled accounts
  • You have to pay for direct support

Stripe is one of the most popular credit card processors on the market. This system uses tokenization to collect bank account details directly from customers in a secure way. The process ensures that your system operates with PCI compliance in mind. Look at the top 10 credit card processing for small business reviews and you’ll be sure to find Stripe on the list.

Ease Of Use 

Learning how to use the system takes time, but Stripe offers its clients extensive training to help you along the way. Acquiring bank details from customers is done to ensure the security of your information.

Features 

Stripe has many highly beneficial features. Issuing bank statements is easy thanks to the billing portal. The processor has a multi-currency operation so you can accept payments from all over the world. There’s online invoicing and payments for ecommerce sites.

Furthermore, Stripe has a built-in tax calculator so you can manage your taxes.

Startup Cost, Fees, Upgrades

You can set up your hardware and software through Stripe for free. You’ll also appreciate that there are no monthly fees. However, there is a fee of 30c per transaction on a card.

Integrations

There are over 100 integrations and plug-ins through third-party platforms such as X-Cart, Wix, and Weebly.

Customer Support

Stripe has an excellent reputation for their customer support. If you have any problems with your system you can contact Stripe through live chat or email. Their responses are quick and helpful.

Startup Cost Free to set up 
Monthly Fee No monthly fees 
Swiped/Chipped Transaction Fee 30c 
Integrations Plug-ins and integrations for over 100 third-party platforms such as X-Cart, Weebly, and Wix
Mobile App Offers mobile app support

At a Glance

  • Provides one free transaction terminal
  • Offers mobile payment processing
  • Application and setup are free
  • Integrated Clover Suit Line
  • User-friendly platform
  • Excellent customer service
  • Limited information on pricing
  • Unpredictable tier pricing

Flagship Merchant Services is a service provider that has the best flexible terms so you can select the rate model that’s ideal for your business. The company is suitable for most business types but it’s also the best online credit card processing service you can get. This makes it easier for you to set up your online shop.

Ease Of Use 

Flagship has an excellent reputation for how user-friendly its system is. Setting up is quick and effortless which also makes Flagship suitable for small businesses or people who aren’t tech-savvy.

Features

Flagship allows multiple credit card payment solutions, and the company offers various types of hardware for countertop transactions. You can opt for a mobile card reader and app so you can accept payments on the go. This makes the service perfect for when you’re setting up shop at a flea market or festival.

Startup Cost, Fees, Upgrades

Flagship gets you up and running for free and will charge you a low monthly rate of $7.95. Every transaction for swipes or chipped cards will cost you 19c.

Integrations

The Flagship service provider uses Clover integration for their mobile payment solutions which allow for payment flexibility. Flagship has the best credit card processing app thanks to the integration with Clover.

Customer Support

When reading other reviews about Flagship you’ll notice that they get excellent ratings on customer support. Each client gets assigned an agent that provides 24/7 support.

Startup Cost Free 
Monthly Fee $7.95
Swiped/Chipped Transaction Fee 19c 
Integrations Clover integration 
Mobile App Offers mobile application 

At a Glance

  • Offers mobile and countertop card reader
  • Best credit card processing options
  • Back-end processor from Elevon
  • No long-term contracts
  • Hosted online store
  • Processing costs decrease businesses grow
  • Suitable for international transactions
  • Not suitable for high-risk companies
  • High monthly fees

Helcim is a credit card processing company that’s ideal for small to midsize businesses. You can accept credit card payments through Helcim with ease. As a result, it reduces the time clients have to wait in line inside your shop and allows you to keep track of your accounts.

Ease Of Use

The Helcim processor offers a straightforward payment solution that’s easy to set up and that’s user-friendly. There are minimal connection problems when using terminals and the design of the hardware allows for quick card payments by swiping, scanning, or keyed transactions.

Features

Transactions reflect within a day except when the Federal Reserve Bank is closed or transactions fall on a Saturday or Sunday. Helcim offers a billing portal, excellent contact database, multi-currency payments, and a tax calculator.

This credit card processor also provides mobile payment solutions with one of the best credit card processing applications for small businesses so you can accept transactions on the go. What’s more, there are online payment solutions for ecommerce sites.

Startup Cost, Fees, Upgrades

Helcim is one of the most affordable credit card processing service providers you can get. They offer the first three months for free. After that, you will pay $20 a month. Each card transaction will cost you 8c which is an excellent low rate.

Integrations

This credit card processor has QuickBooks accounting software integration so you can keep track of all your transactions and taxes.

Customer Support

Helcim offers clients 24/7 support through live chats that help you when you need assistance fast.

Startup Cost First three months free 
Monthly Fee $20
Swiped/Chipped Transaction Fee 8c
Integrations QuickBooks integration 
Mobile App Offers a payment app for mobiles and tablets

At a Glance

  • Offers online payment gateway
  • No setup or application fees
  • NFC and EMV acceptance
  • Excellent customer support
  • QuickBooks integration
  • Best for ecommerce sites
  • Excellent credit card processing equipment
  • Unexpected monthly fee increase
  • No early termination fee

CreditCardProcessing.com is accredited by the BBB and has an excellent rating on other lists of payment processing companies. The company is owned by iPayment which means you’ll have access to additional services such as advanced fraud management tools.

Ease Of Use

Setting up an account with CreditCardProcessing.com is fast and hassle-free. The terminals have an ergonomic design making them simple for you and your customers to operate. These terminals are compatible with multiple card networks so you can accept various payments.

Features

CreditCardProcessing.com has a web-based credit card processing solution for ecommerce companies as well as card readers for countertop transactions. There are business management tools you can use to streamline admin work. The company also provides smart POS systems and wireless payment solutions.

Startup Cost, Fees, Upgrades

The CreditCardProcessing.com service provider offers a free account and gateway setup but will charge two monthly fees. $5 is for monthly statements and $7.95/month is for your gateway fee.

Integrations

This credit card processing service provider has QuickBook integrated into the system to help you manage your accounts. This allows you to manage your taxes and transaction history effectively.

Customer Support

There are articles on the company’s website for those who are looking for a quick and easy way to understand the services CreditCardProcessing.com provides. There’s also 24/7 telephone support if you’re experiencing any problems with your terminals.

Startup Cost Free account and gateway setup 
Monthly Fee $5 monthly statement fee and $7.95 gateway fee
Swiped/Chipped Transaction Fee Various transaction fees 
Integrations QuickBooks integration 
Mobile App Offers mobile phone processing 

At a Glance

  • Turn paper checks into digital payments
  • QuickBooks integration
  • Loyalty and text club
  • Affordable platform
  • Easy and fast setup
  • Offers mobile processing
  • Best credit card processing machine
  • Not transparent with their rates
  • Only offers long-term contracts

National Bankcard is a credit card processing company located in New York. This is another service provider that’s a reseller of iPayment and Total Merchant Service. The processor company is suitable for ecommerce sites as well as restaurants, bars, salons, and more.

Ease Of Use 

The terminals are set up by the National Bankcard company and they’re easy to operate for both customers and merchants. Setting up your ecommerce payment solutions with National Bankcard is hassle-free too.

Features 

National Bankcard offers in-person transactions and allows payment solutions across multiple channels. You can process payments through the company’s mobile app which makes it perfect for companies that host events.

Startup Cost, Fees, Upgrades

The setup costs are free for hardware and software and there is a monthly fee of $5. For every card transaction, there is a fee of 19c.

Integrations

National Bankcard is another company that has QuickBooks integration to help you manage your accounts and to optimize the administration processes.

Customer Support

The company offers 24/7 customer service via telephone. So if you’re having any technical difficulties with your POS systems or online payment solution, simply call the company’s toll-free number.

Startup Cost No setup fee 
Monthly Fee $5
Swiped/Chipped Transaction Fee 19c
Integrations QuickBooks integration 
Mobile App Offers a mobile processing app

At a Glance

  • Accepts swipe, chip, contactless payments
  • See the entire transaction history
  • Provides emails and text receipts
  • Excellent customer service
  • Transparent interchange-plus pricing model
  • Not suitable for international merchants
  • Hidden developer tools

Payline is a web-based payment solution for ecommerce sites. This service provider allows online retailers to process credit and debit card transactions safely. Payline is a service provider for any merchant looking for easy payment solutions.

Ease Of Use 

The Payline credit card processor has an excellent reputation for its ease of use. Payline is user-friendly and offers an encrypted vault for information storage.

Features

This credit card service provider accepts transactions from multiple credit and debit card networks as well as e-checks and ACH payments. Payline offers virtual terminals, payment gateway, and card readers.

Startup Cost, Fees, Upgrades

The startup cost is $10 which is also the amount for your monthly fees. Every transaction costs 20c and every swipe, 10c.

Integrations

You can integrate Payline into over 175 online shops including Shopify making it the best credit card processor for ecommerce sites.

Customer Support

The company offers 24/7 live support which is ideal for online retailers. If you’re experiencing any technical difficulties with the Payline system, simply contact them.

Startup Cost $10 
Monthly Fee

$10 for in-store swiping

$20 for payments online 

Swiped/Chipped Transaction Fee

20c for transactions 

10c for swipes 

Integrations Integrates with more than 175 online shops including Shopify 
Mobile App Offers mobile credit card processing 

Best Credit Card Processors At A Glance

  • Square: Best credit card processing reader
  • Shopify: Best credit card processing for contractors
  • Fattmerchant: Best credit card processing company for restaurants
  • Sam’s Club: Best credit card processing for online shops
  • Stripe: Best credit card payment gateway
  • Flagship: Best credit card payment processor for hotels
  • Helcim: Best credit card processing for large transactions
  • CreditCardProcessing.com: Best credit card processor for festivals
  • National Bankcard: Best credit card processor for flea markets
  • Payline: Best credit card processor for small business

What Is A Credit Card Processing Service?

A credit card processing service is one of the most important features of physical and online shops. This service allows the cardholder to make quick and easy payments for products and services using a credit card. It allows customers to swipe their credit cards at a shop or save their card details on ecommerce sites for future purchases.

Types Of Credit Card Processing

There are various credit card processing methods. Some processing companies may offer more than one type. Here is a list of the types of credit card processing there are:

  • EMV readers
  • Checks
  • NFC
  • Debit card payments
  • Gift cards
  • Loyalty payments

It’s best to select a credit card processing company that offers you a variety of options under one processor. You want to provide convenience for customers with different payment preferences.

Buyer’s Guide - What to Consider When Choosing a Credit Card Processor?

Before you can select the credit card processor for your business it’s important to first look at your company’s needs as well as the price and fees of the platform. In this next section, we’ll be discussing the features and support you need to operate a successful business using a credit card processor.

✓ Company Needs

When searching for a credit card processor to work with, consider what your company requirements are. Do you need currency exchange processors, front-end processors, or back-end processors?

You must also have reliable access to funds and the payment history of each person that uses a credit card to pay for your goods and services. It’s important to know how quickly funds reflect when a customer uses their credit card to pay for your goods or services, too.

Typically funds will reflect between 24 hours and 72 hours after a transaction. The reason it takes a while is that the credit card processor has to verify information in order to prevent fraud.

You may want to set up smartphone and tablet payment terminals that require mobile credit processors. However, you’ll need a data connection to process payments. Simply ensure that the credit card processor you opt for supports multiple merchant account types.

✓ Price and Fees (supporting fees, training fees)

When looking for the best payment processing services you must first consider the price and any extra fees that are attached to it. Sometimes there will be fees that you didn’t know about, which can have a negative effect on your business if you’re not aware of them.

So what type of fees can you expect from a credit card processor? Let’s take a look at the list below:

  • Transaction fees: When you accept card payments, your credit card processor may charge an interchange fee for every transaction. Typically these fees range between 1% and 4% over and above the total purchase amount. For example, when a client’s card is swiped through a reader, an interchange fee is charged by some processors. This fee can be 2.6%. The type of card and how the transaction is done may affect these fees.
  • One-time fees: A one-time fee will be the cost of hardware installation and application fees. These are common fees and will only need to be paid before or after your credit card processing is set up.
  • Training fees: There are some credit card processor companies that provide training to merchants who don’t know how to use the system. You may have to pay for the training service but it will be well worth it.
  • Chip fee: Some companies may charge you more for hardware that can read chipped cards. Search for a company that offers lower chip fee rates.
  • Online fee: If you have an ecommerce site you may have to pay an online fee for your credit card processing services.
  • Monthly charges: Keep a lookout for monthly fees on statements or rental charges. You may pay between $21 and $100 per month for payment terminals.

✓ Equipment

If you have a physical shop you’ll need hardware such as payment terminals where people can swipe their cards for payment. Your hardware should be compatible with all types of card transactions such as debit, credit, and loyalty card payments.

Some merchants allow people to scan a barcode using their internet banking app. If you want modern equipment, opt for smartphone or tablet terminals. Make sure that these terminals can be connected to a swipe machine and that it has options to tap a chip card.

Make sure you have the budget for the type of hardware you need for your business. Ecommerce stores won’t need hardware but they will require a secure online credit card processor to complete transactions.

✓ Implementation and Training

Not everyone is tech-savvy, so you may need training from the credit card processing services provider. The company will show you how to set up the payment gateway and how to use the hardware for different types of transactions. It’s important to know how a keyed transaction works as well as how swiping, chip card processing and QR scans operate.

So when you get customers wanting to pay with various types of transactions you’ll know exactly what to do. This will improve your workflow and customers will appreciate your efficiency.

✓ Security and Compliance

Two aspects of credit card processors that you must never compromise on are compliance and security. Every transaction should have point-to-point encryption for a secure payment network. The credit card processor you select to use must have PCI-compliance.

The best credit card payment processors will have extensive online security for ecommerce sites. It’s important that you select a credit card processor that has the proper compliance to avoid legal action against your business.

✓ Support and Available Hours

You may experience some technical difficulties every once in a while with your credit card processor hardware or online transactions. Make sure the processor company you select offers excellent customer support in case you’re experiencing problems with your system.

Check the customer support’s availability. Ideally, you want to opt for a service provider that offers 24/7 customer support or at least quick responses to your queries.

✓ Payment Availability (card processor; offline payments)

What are the available payment options that the credit card processor can offer you? Are you able to make offline payments when you don’t have an internet connection? You must select a top credit card processing company that will offer various payment options for you and your customers.

Key Takeouts

Did you find the best credit card processing company on our list of reviews? If you’re still figuring it out refer back to our credit card processing comparison tables to help you with your decision. The credit card processing companies list gives you an overview of which service provider offers the most features at lower rates.

The transaction solutions we provided in our payment processing companies list are all high-quality service providers that have excellent security. It’s important to select the correct one for the size and needs of your business. So which credit card processing service will you pick?

Frequently Asked Questions 

What is the best credit card processing company?

The best credit card processing company is Square. You can find the details about this company at the top of our credit card processing reviews. Square provides a fast, easy, and reliable way to accept payments no matter where you are and at any time of the day or night.

What is the best rate for credit card processing?

The best credit card processing rates are between 1% and 2.5%. There are credit card processing services that have rates as high as 4%. So ensure you pick a company that has a lower rate especially if you have a small business.

Which credit card processing is the cheapest for small business?

The best credit card processing company for a small business is Fattmerchant because it’s affordable, and it has a 0% markup rate. This credit card processing service is feature-rich and includes free invoicing. Additionally, it comes with standard POS software.

How do I choose a merchant credit card processing?

Decide what type of credit card processing you need and how you want to accept transactions. Look at reviews to find a company that offers the best credit card processing fees. Or select three service providers and ask for quotes.

Once you’ve chosen a service provider that offers you affordable rates and a feature-rich platform, consider taking out a month-to-month contract with them.