Top payment processing companies based on a number of important criteria, such as reasonable prices, openness, customer service, practical features, ubiquity, and worldwide reach. The ideal option for your small business will depend on your industry, typical sales and transaction amounts, and whether you value in-person or online sales more. Here are our top choices.
Nowadays, accepting credit cards is almost a need for any business, whether offline or online. But you'll need to work with a credit card processing business if you want to accept payments by credit card.
A popular app-based point-of-sale solution, Square is frequently an excellent choice for start-ups and small enterprises. Its extensive feature set and hardware can be modified to meet different business models. One of the most potent free POS systems we've seen has a clear price structure. It has received high rankings in NerdWallet's lists of the best business software and POS systems.
Square is a great option for many retailers, eateries, and service providers, but it might not be the best option for companies that want a highly specialized POS system packed with cutting-edge features. Additionally, the Square POS app is incompatible with Windows-only devices.
Why we enjoy it Helcim is one of the top payment processors for small businesses thanks to its volume discounts, clear interchange-plus pricing, and easy setup. Businesses are not bound by a contract, and there is no ongoing monthly fee for the merchant account provider. Neither setup nor PCI compliance costs are charged.
Helcim \sPricing:
If there are fewer than $25,000 in card transactions per month, exchange plus 0.3% and 8 cents each in-person transaction.
If there are fewer than $25,000 in card transactions per month, exchange plus 0.5% and 25 cents each online transaction
If there are fewer than $25,000 in monthly card transactions, interchange plus 0.5% and 25 cents per manually typed transaction apply
ACH payments cost 0.5% plus 25 cents.
Why we like it: Companies who make the majority of their sales online can benefit from Stripe's payment processing services. More than 450 more platforms and extensions are available, along with customizable payment forms, round-the-clock assistance, and over 135 different currencies. The service, like Square, provides a flat-rate pricing structure with no setup or monthly subscription fees.
Pricing:
For online purchases, 2.9% plus 30 cents will apply.
2.7% plus $0.05 for transactions made in person.
3.4% additional 30 cents for transactions that are manually typed in (beginning
3.9% in addition to 30 cents for foreign cards or currency conversion
Why we like it: Clover is another excellent all-in-one solution for small businesses because it not only provides POS hardware and software but also manages payment processing. Although it's a practical choice, its software programs do have a monthly price.
ricing:
For most plans, the fee for in-person purchases is 2.3% + 10 cents.
Retail Starter, Personal Services Starter, Professional Services Standard, Home & Field Services Standard, and Advanced plans incur a fee of 2.6% + 10 cents for in-person transactions.
For keyed-in or online transactions, 3.5% plus 10 cents will be added.
Why we enjoy it Because Chase Payment Solutions is a direct processor, it serves as both the acquiring bank and the payment processor for the merchant's account. Chase, a company that is already well-known to consumers, has no monthly fees and provides 24/7 assistance. For service-based businesses, healthcare organizations, dining establishments, retail outlets, and online stores, it offers payment processing solutions.
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