post by:
Carmen Marks
The vast majority of people don’t carry cash in their wallets anymore. It’s a hassle and is a theft risk. Credit cards are the easiest way for the customer to buy what they want and get on with their day. For you, it’s a guarantee you won’t receive bad checks and it increases cashflow.
In person or online, people want convenience and you want to create an easy transaction between you and your customer. The difficult part? Choosing a company that meets these requirements. The list below will give insight into the best credit card processing companies out there.
Square: Best for Startups
If you’ve been in a brick and mortar business, you’ve probably seen a Square reader and credit card processor. But this company is also great for ecommerce businesses. It works best with low transaction volumes, but has a lot of perks you shouldn’t turn your nose up at.
If you don’t have a website already in place, Square offers eCommerce web design. The recommendation is a “flat rate” for credit card charges, but this company offers “interchange plus pricing” as well. It’s a company that allows you to customize the process and the experience your customer is going to have.
PayPal: Customizable Solutions
PayPal is a well-known company. It’s great for start-ups because it has no monthly fees and you can start collecting money right away. Its reputation has been built around security, so customers trust it. And we all want the customer to feel comfortable when interacting, especially with online businesses.
If you are new to programming, don’t worry. PayPal integrates into any website and allows you to customize your shopping cart. It even accepts all major credit cards. This will increase your cashflow and leave you to concentrate on more important things, such as the product and/or service itself.
Stripe: Best for International Sales
Stripe is a popular choice for ecommerce businesses. With flat rates and no extra fees it’s hard to beat them. They support international transactions and are great for businesses with small volume or large volume transactions. Sounds too good to be true? Let’s review more perks.
Stripe is great for website integration and in-app purchases. They even offer custom plans and discounts to businesses that make over a certain amount per month. The company offers their own invoicing and tax calculations, too. It doesn’t take much to access their great benefits
Cashback Processor: Best for Multi-Platform Brands
If your business is starting to grow then you may want to switch to a processor that can handle the extra transactions. It integrates into any ecommerce platform, so don’t worry about having to change things around. The best part? You don’t have to worry about per-transaction fees either.
At the end of every month, Cashback Processor gives you back fifty percent of what they made on transaction fees. What’s the catch? None. It doesn’t have hidden fees or sign up costs. You can even use it month to month, so you can switch to another at any time.
Helcim: Best for High Monthly Sales
For those of you who don’t like monthly fees and long-term contracts then Helcim is perfect for your business. It’s great for companies that have grown and have a high sales volume. It’s a cost-effective choice that we recommend.
With an easy-to-use website, it won’t take you long at all to find pricing information. For processing, its interchange-plus fee saves you money. A great perk? The higher your sales volume grows, the more discounts you get. You don’t even have to worry about sign-up fees.
Stax: Best for Established Businesses
Stax is great for high-volume businesses. They offer same-day funding and twenty-four-seven support. It can be overwhelming managing a growing business, so assistance is a great perk to have. The first month is free, too, so you can try it out before spending your money.
There’s no contracts and it’s interchange-plus a fixed per transaction fee, which can help save you money in the long run—saving on percentage markups and other fees. They even provide custom branding, so your company will look as good as it operates.
Payline Data: Best for high-risk businesses
If you’re selling high-risk products, then this company is right for you. There’s no long-term contract or cancellation fees. They are great whether you are a brick and mortar or an ecommerce business. They offer accounts for both with low fees to boot.
Payline Data isn’t ideal if you do both in store and online transactions, but one or the other alone will benefit from this company. With interchange-plus pricing, you can have cost effective transactions no matter the type of business you have. Low rates and high risk accounts—is it right for you?
Payment Depot: Best for a Trial Run
If you want to try out your processor before committing to a contract Payment Depot will give you a ninety day trial. If you don’t like it, they’ll refund your annual fee. It includes PCI compliance, so they’re concerned about security as much as you are.
Already have equipment? Payment Depot will reprogram what you have for free. And with twenty four seven support, you don’t have to worry about facing issues alone. The great part? They offer a free virtual terminal for those customers who don’t have their credit cards on hand.
Dharma Merchant Services: Best for Customer Support
There’s no long-term contracts or cancellation fees. In fact, there’s not a lot of any type of fee, such as PCI compliance charges. Besides a monthly payment, their prices are clear.
There’s twenty-four-seven support to get you through difficult moments. Dharma Merchant Services have been known to be very helpful and efficient. All users get virtual terminals unlike a lot of other companies who charge you for the option.