Overview: Instabill is a merchant account provider and credit card processor headquartered in Portsmouth, New Hampshire. The company was established in 2001 and, with about 12,000 merchant accounts, rates as a relatively small provider. What makes them unique, however, is that they specialize primarily in providing services to high-risk merchants and processing offshore payments for […]
Pros Specialists in placing high-risk merchants Offers offshore accounts for international merchants Fair pricing and contract terms Offers EMV-compliant mobile card reader Dedicated account manager for customer service Cons Early termination fee in some cases Overview Durango Merchant Services is a merchant account provider headquartered in (naturally) Durango, Colorado. The company has been in business […]
Pros Easy-to-use interface Extensive device compatibility In-app invoicing available Free sub-user accounts Predictable flat-rate pricing Ideal for low-volume merchants Chip-card-compatible hardware Time-tested and trusted by consumers Cons Account stability issues Inconsistent customer support Not suitable for high-risk industries Not ideal for higher-volume merchants Overview PayPal Here (PPH) launched its mobile card reader in 2012 after […]
Pros Exclusive interchange-plus processing rates No long-term contracts or early termination fees Extensive account fee disclosures Minimal monthly account fees Excellent customer support Cons Not cost-effective for merchants processing less than $1,500 per month No EMV-compliant mobile card reader Overview Helcim is a merchant account provider headquartered in Calgary, Alberta. The company also has an […]
Square Payments and Point of Sale from Square.com earn a perfect 5-star rating for ease of use, astounding feature set, transparent and affordable pricing, and overall status as a powerhouse for merchants. While Square’s payment processing service is not appropriate for all business types and lacks the stability and negotiability of a standard merchant account, many small businesses enjoy the predictable pricing and the lightning-quick setup.
Payment Depot is a merchant account provider headquartered in Orange, California. The company has been in business since 2013 and is best known for its use of subscription or membership-based pricing, a spinoff of the interchange-plus model. While it isn’t the only provider in the industry to offer this type of pricing, Payment Depot’s reputation for open, honest sales practices and excellent customer support put it ahead of many of its competitors using this relatively new pricing model.
At Dharma, you can count on consistently fair and predictable pricing. The company advertises all of its standard rate and fee information publicly on its website. You can also expect high-quality, friendly, personalized service and support from the Dharma team.
Pros Ideal for restaurant industry Supports ecommerce Free mobile payments app Nonprofit discounts available Excellent customer support Cons $295 early termination fee No pricing disclosed online Overview In the payments space, it’s pretty common to encounter tradeoffs. Rarely do we at Merchant Maverick encounter a company that is the whole package: pricing, services, transparency, and […]
Pros No early termination fee No setup or application fees No gateway setup fee Cons Numerous public complaints Limited pricing disclosed online Overview Flagship Merchant Services is a merchant account provider headquartered in Charlestown, Massachusetts. First established in 2001, the company was later acquired by iPayment in 2012. Today, Flagship operates mostly as a reseller for […]
Pros Next-day deposits available Multiple hardware/software options available Check/eCheck acceptance Cons $500 early termination fee Poor customer support Limited pricing disclosed online Expensive terminal leases Inconsistent/confusing pricing Overview Bank of America is well-known by customers and business owners alike. That’s why I can understand why many merchants go straight to Bank of America Merchant Services […]