Best Credit Card Processors
- Merchant One
- Payment Depot
- National Processing
- Flagship Merchant Services
- Chase Merchant Services
- For small businesses that process less than $5,000 per month, the most affordable card processing option is usually to select a processor that charges a flat rate for each transaction and doesn't charge monthly or annual fees.
- Businesses that process more than $5,000 per month should look for a processor that offers interchange-plus pricing and charges few monthly or annual fees.
- Look for processors that are transparent with their pricing, clearly posting rates and fees on their websites.
- This article is for startups and small business owners who are looking for a credit card processing service.
Credit Card Processing Review Summary
|Lowest processing rate||1.7% + $0.07|
|Highest processing rate||3.5% + $0.35|
|Pricing model||Flat and interchange-plus|
Nearly every business these days needs to accept credit cards and debit cards, but choosing a credit card processing company for your small business can be difficult – there are hundreds to choose from. We've spent hundreds of hours researching the credit card processing industry; we looked for credit card processors that offer transparent pricing, with reasonable rates and few credit card processing fees, reliable customer support, and no long-term contracts. Read our recommendations below and our credit card processing guide to find the best credit card processor for your business.
Best Credit Card Processing for Small Business
To select the best credit card processing provider for your small business you have to weigh your needs against the actual costs to accept payments. After all, prices and services vary from one credit card processor to the next. The best ones offer transparent and low pricing, little in the way of fees, flexible terms, and the ability to expand as your business grows.
The credit card processors that stood out to us support a variety of payment methods, provide e-commerce and reporting tools, and get funds from credit card sales into your bank account as fast as possible. Sure, they may not be the lowest cost providers, but all the extras make them better options for small business owners. Here's a look at 11 credit card processors worthy of consideration:
|Credit card processing company||Best use case||Pricing structure||Contract structure||Penalty for early termination||Time to deposit||Multiple payment methods supported||Round the clock support|
|Merchant One||Easy approval||Flat rate||Monthly||No||Within 2 business days||Yes||Yes|
|ProMerchant||High-risk businesses||Flat rate and interchange-plus||Monthly||No||Within 2 business days||Yes||Yes|
|Clover||POS||Flat rate||Monthly||No||Same day||Yes||Yes|
|Fattmerchant||Small businesses||Flat rate||Monthly||No||Same day||Yes||Yes|
|Payment Depot||High-volume businesses||Flat rate||Monthly||No||Within 2 business days||Yes||Yes|
|Square||Growing businesses||Flat rate||Pay as you use||No||Within 2 business days||Yes||No|
|Helcim||Established businesses||Interchange-plus||Monthly||No||Within 2 business days||Yes||Yes|
|National Processing||Low transaction rates||Flat rate||Monthly||Yes||Within 2 business days||Yes||Yes|
|Flagship Merchant Services||Flexible contracts||Flat rate and interchange-plus||Monthly||No||Same day||Yes||Yes|
|Chase Merchant Services||All-sized businesses||Custom||Flexible||N/A||Within 2 business days||Yes||No|
|Paysafe||Online businesses||Custom||Month to month||Yes||Within 2 business days||Yes||No|