When looking for credit card processing, merchants have many choices. Get multiple quotes with one click and make sure you are paying the best rates and pricing available.
What Is a Credit Card Processing Service?
Easily the most popular payment method in use today, credit cards are a mandatory requirement for an effective payment operation.
Additionally, consumers are expecting even more flexibility when it comes to payment processing, including new mobile payment methods, some of which are also provided by the same credit card processing services that manage payments for traditional cards.
Unfortunately, as their popularity has grown, credit card processing services have become much more complex and fraught with hidden fees and limitations. Small business owners in particular are often the targets of such practices, and the fact that some predatory salespeople take advantage of new business owners’ lack of knowledge makes things even harder.
Luckily for merchants, fair-minded processors are emerging that offer transparency, fair fees, and good customer service. This is true especially for online “e-tailers,” but also for small brick-and-mortar operations. There are Point of Sale (POS) systems, such as Square Point of Sale, and subscription services such as Helcim and even retailers such as Sam’s Club that are getting involved.
Whether you need credit card payment processing on the street or online, accepting credit cards and processing those payments is still complicated, though. This is due to the sheer number of moving parts inherent in this aspect of merchant services and mobile payment processing. It’s also due to all of the various entities involved. Since rates and contracts vary by customer, it’s difficult to make a direct comparison between these providers.
In this review roundup, we cover some of the most popular credit card processors on the market, and consulted with experts in the field at CardFellow and Freedompay to determine how to choose a provider. We also interviewed the 10 processors featured here-Cayan, CreditCardProcessing.com, Flagship Merchant Services, Intuit QuickBooks Payments, National Bankcard, Payline Data, Payment Depot, Sam’s Club Merchant Services, Square Point of Sale, and Editors’ Choice Helcim-to get demonstrations and clarify details about their fees and features. Finally, we looked at user reviews and ratings from the Better Business Bureau (BBB) to get a sense of customer service and reliability.