The Best Credit Card Processors For Your Business
Take your business to the next level and start accepting card payments. Use our easy comparison chart to find the right Credit Card Processor for you.
What to look for in credit card processing systems
The world of payment processing is growing rapidly, as new technologies and payment avenues expand. Take your business to the next level and start accepting card payments today. Here are five things to look for when choosing a Credit Card Processor:
1. Cost
2. Reliability
3. Payment method coverage
4. Fraud prevention & security tools
5. Customer support
Compare Providers
Providers | Rates | Offers | Free trial | Contract length |
---|---|---|---|---|
Authorize.net | Monthly gateway: $25, Per transaction 2.9% + 30¢ | Get a $25 Visa gift card on sign-up | No | Monthly |
Leaders | From 0.15% for swiped cards and 1.79% for keyed cards | Get $200 back if you don't save on fees | No | 3 years |
National Processing | $9.95 per month, From 0.14% + 7 cents per transaction, plus interchange rate | Get $500 if your current rates can't be beat | No | Monthly |
Paysafe | Quote-based rates | Next-day funding available | No | From month-to-month to three years |
Stax | $99 per month, 7 cents to 15 cents per transaction plus interchange rate | First Month Free | No | Monthly |
CardX | $29 per month + 1% for debit cards | First Month Free | Yes | Monthly |
Payment Depot | $59 per month, 7 to 15 cents per transaction plus interchange rate | First Month Free | No | Monthly |
FAQs
To be able to accept credit card payments, a merchant must have a merchant processor account, which serves as an unsecured line of credit that pays the merchant for customer purchases. This payment is essentially a loan from the acquiring bank to the merchant’s account, covering the cost of the credit card transaction.
However, when a credit card transaction is complete, the merchant receives an amount that is lower than the original transaction amount due to fees charged by the acquiring bank and the issuing bank. These fees include a percentage of the transaction amount, with the fee being higher for larger transactions. Additionally, the merchant may also be charged fixed fees for each transaction by both the issuing and acquiring banks.
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