There are so many processing companies, they all seem to be doing more or less the same thing, and they all have both glowing testimonials and terrible complaints. How are you supposed to choose the best company under these circumstances? Who can you trust? Read on to find out.
While merchant account fees are definitely irritating (and expensive!), they're often an inevitable cost of doing business. Even if you sign up with a payment service provider like Square that doesn't charge monthly fees, you'll still be paying the costs associated with maintaining your account in the form of higher transaction processing rates.
Credit card surcharging has rapidly gained in popularity in recent years as court decisions, and legislative changes have gradually removed legal barriers to the practice. The ongoing COVID-19 pandemic has greatly accelerated this trend. Nonetheless, the question remains: Should you add a surcharge?
There's a lot to love about Helcim. What we love is that you won't have to worry about the bait-and-switch tactics and long-term, binding contracts that plague the industry. Helcim distinguishes itself from many other providers by offering no binding contracts, exclusive interchange-plus pricing, consistently good customer service, and low account fees.
Choosing a high-risk merchant account provider isn’t the same as working with other payment processors. You can expect different pricing and contract terms — but you shouldn’t compromise on customer service. Here are six great providers that offer great service, fair pricing, and reasonable contracts for small businesses.
If you plan to rely on ACH transfers for a significant portion of your sales, we recommend getting an ACH processing account through your regular merchant services provider. Most providers offer ACH processing as an optional paid feature, although there are a few high-quality credit card processors that will include it for free.
With its bespoke approach to credit card processing, Corepay can offer specialized services to many high-risk businesses that might otherwise struggle to get approved for an account at all. Corepay’s emphasis on eCommerce makes it a particularly good choice for online-only businesses.
Trying to lower your credit card processing costs is more important than ever, as inflation drives up the costs of goods and services, and credit card interchange fees continue to rise. We discuss the industry averages for credit card processing costs, which can show you how your costs compare to other businesses.
Overall, Clearly Payments receives a score of 4.5 out of 5 stars. We strongly recommend the company for larger businesses that need a full-service merchant account and can benefit from the company’s pricing structure. For a look at other great choices in payment processors for Canadian merchants, check out our article on the best merchant accounts for Canadian small businesses.
Overall, GoCardless rates as one of the best ACH processing companies that we’ve seen to date. The company’s pay-as-you-go pricing model makes it ideal for very small businesses that only need to accept an occasional ACH payment. At the same time, its full array of features and customization options make it a great choice for much larger enterprises as well.
Both Stripe and Shopify Payments are excellent choices for a multichannel business, but both providers offer several unique features that will make one a better choice than the other for businesses that need those features. Stripe is generally less expensive overall due to the lack of a monthly subscription fee for a basic account.
In this article, we’ll compare Helcim and Square feature-by-feature, showing you the benefits and drawbacks of each provider and explaining where each company excels and where it falls short.
While merchant account fees are definitely irritating (and expensive!), they’re often an inevitable cost of doing business. Even if you sign up with a payment service provider like Square that doesn’t charge monthly fees, you’ll still be paying the costs associated with maintaining your account in the form of higher transaction processing rates.
Wondering how to accept credit card payments without a merchant account? Learn what third-party payment processing is, and the pros & cons for small businesses.
Whether you just want a simple setup to accept the occasional credit card payment or you’re interested in integrating credit cards and other payment methods into your overall dental office management, a good payment processor can offer you the tools you need.
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
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