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The 9 Best Online Credit Card Payment Processing Services For Small Businesses

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Are you a new entrepreneur looking to start your first eCommerce business? Perhaps you already have a physical store and are looking to expand to an online store for the first time (maybe because of the COVID-19 pandemic). Either way, you’re a complete eCommerce newbie looking for information on how to get started with online credit card processing.

You’ve come to the right place, as we’ve put together a pretty comprehensive list of the best payment processors for eCommerce to help you get started.

If you already own a physical store and take payment cards, you might be wondering if you can just use your current processor, which probably has some sort of eCommerce offering. Maybe you can, but we’ve found that eCommerce businesses usually have unique needs that not all processors are optimized for. Rates, quality of service, reliability, and other typical online features should all be taken into account when you pick your eCommerce credit card processor. You might also have to make some tradeoffs specific to your type of business for some of these categories.

Fortunately, there are more options than ever when choosing online payment processing companies. Your choices range from traditional merchant accounts to third-party, pay-as-you-go processors.

Keep reading for our list of the top online payment processors. We’ll also talk a little about other general considerations when starting an eCommerce venture.

Let’s get started!

Learn More About Our Top Picks

CompanyHighlightsNext StepsHighlights
PaymentCloud

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  • Best for high-risk businesses
  • Low-risk accounts are available
  • Best for high-risk businesses
  • Low-risk accounts are available

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Stax by Fattmerchant

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  • Best for high-volume businesses
  • Subscription-based pricing exclusively
  • Best for high-volume businesses
  • Subscription-based pricing exclusively

Visit Site

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Helcim

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  • Best for an all-in-one platform
  • Available in Canada
  • Exclusively uses interchange-plus pricing
  • Best for an all-in-one platform
  • Available in Canada
  • Exclusively uses interchange-plus pricing

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Dharma Merchant Services

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  • Best for B2B
  • Exclusively uses interchange-plus pricing
  • Outstanding transparency
  • Best for B2B
  • Exclusively uses interchange-plus pricing
  • Outstanding transparency

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CDGcommerce

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  • Best for general eCommerce
  • Scales well to different transaction volumes
  • Adequate toolset for most small businesses
  • Best for general eCommerce
  • Scales well to different transaction volumes
  • Adequate toolset for most small businesses

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Other Featured Options:

  • Square:
    • Best for businesses with low-volume brick-and-mortar sales
    • Free online store
    • Powerful all-in-one service
  • Durango Merchant Services:
    • Best for high-risk merchants
    • Supports offshore merchant accounts
    • Dedicated account manager for clients
  • PayPal:
    • Best for ease of use
    • Wide variety of integrations
    • Ideal for low-volume merchants
  • Stripe Payments:
    • Best for sophisticated, custom integrations
    • Great for international sales
    • Comprehensive payment type support

Read more below to learn why we chose these options.

The 9 Best Online Credit Card Processing Companies

While the best online credit card processors for any given business will vary by your needs, these companies collectively offer the most value for your money. These are our current picks for the best online payment services, including CDGcommerce, Helcim, Dharma Merchant Services, and more.

1. PaymentCloud

PaymentCloud



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Best for high-risk businesses.

Just because your business is high-risk doesn’t mean you shouldn’t have choices. Another great option for businesses in high-risk industries is PaymentCloud. This payment service comes highly recommended by esteemed low-risk services such as Dharma Merchant Services, which refers high-risk applicants to PaymentCloud.

As is usually the case for high-risk payment services, we don’t have access to pricing information in advance. That’s because companies such as PaymentCloud shop your profile around to various back-end processors to get you the best deal that they can. Typically, this means tiered-pricing, monthly minimums, and contracts (at least initially), but you can expect to be treated fairly by PaymentCloud. The company also offers low-risk services at a monthly fee of $15, with interchange-plus pricing.

For eCommerce specifically, PaymentCloud offers a gateway via Authorize.Net or USAePay. You can, however, use any compatible gateway you want. You’ll also get shopping cart integration along with echeck and ACH processing.

Pros

  • Reasonable rates and fees
  • Free credit card terminal
  • Excellent customer support
  • Shopping cart integration

Cons

  • No publicly disclosed pricing

Get Started with PaymentCloud

Read our in-depth review

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2. Stax By Fattmerchant

Stax by Fattmerchant



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stax by fattmerchant

Best for high-volume businesses.

At Merchant Maverick, we give a lot of love to interchange-plus pricing for being both transparent and (usually) cost-effective. But there’s another pricing model that deserves some love, and it’s the one offered by services such as Stax by Fattmerchant. Stax deals exclusively in subscription-based pricing (sometimes called wholesale pricing).

Interchange-plus pricing separates the interchange fees charged by the credit card companies and those charged by your processor; your processor fees are usually still based on a percentage of your transaction (e.g., 0.3% + $0.15).

Subscription pricing still charges you the interchange fee, but your processor fee is just a flat fee. So unlike the earlier example of 0.3% + $0.15 per transaction, it’s just $0.15. You pay a monthly fee based on your processing volume. A set monthly fee makes subscription pricing very cost-effective for high-volume businesses and less so for low-volume. Stax eCommerce fees are $99/month and $0.15 per transaction for businesses doing less than $5 million in sales annually (pricing for merchants processing more than that is quote-based) and anywhere from $49-$129/month for the Stax Pay integrated payments platform, depending on the subscription tier you choose.

While Stax isn’t eCommerce-focused per se, it does offer a free customizable shopping cart, integrations with several of the most popular shopping carts and gateways, and a respectable API for those who want to tinker around with some code.

Pros

  • Transparent wholesale pricing
  • No long-term contract
  • Next-day funding option available
  • QuickBooks integration

Cons

  • US merchants only
  • Not suitable for low-volume businesses

Get Started with Stax by Fattmerchant

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3. Helcim

Helcim



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Helcim is now available with NO MONTHLY FEE. Start Here!

 

Best for an all-in-one platform.

Helcim is our pick for the best all-in-one platform provider because of its Helcim Commerce integrated payments platform. The platform combines the functions of a payment gateway with other ancillary services that you’ll need to run your online business. Helcim Commerce supports recurring billing and includes a customer information database. Tokenization, inventory management, and other features critical to running an online business are also built-in.

Helcim offers payment processing services to US and Canadian merchants. It gives you month-to-month billing with no long-term commitment and no additional cost to close your account. Helcim charges no monthly account fee, no monthly minimum, and no PCI compliance fee. Incidental fees are reasonable and published on Helcim’s website.

Helcim uses interchange-plus pricing exclusively. Processing rates start at interchange + 0.50% + $0.25 per transaction, with significantly lower rates available to high-volume merchants and nonprofits. If you need it, echeck/ACH processing is also available for an additional $25 per month plus $0.25 per transaction.

Pros

  • Exclusive interchange-plus processing rates
  • No long-term contracts or early termination fees
  • No monthly account fees
  • Excellent customer support

Cons

  • Not cost-effective for merchants processing less than $1,500 per month

Get Started with Helcim

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4. Dharma Merchant Services

Dharma Merchant Services



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Dharma website screenshotBest for B2B.

We at Merchant Maverick have always liked Dharma Merchant Services. It’s our choice for the best B2B processor not because it’s weaker in other areas, but because of the special discount that the company gives to high-volume B2B merchants (those processing over $100,000 per month).

For eCommerce payment processing, Dharma ordinarily charges interchange + 0.20% + $0.10 per transaction (interchange + 0.30% + $0.10 per transaction for American Express). However, for an extra $15 per month, online merchants processing a monthly volume of $100,000 or more get access to discounted interchange-plus rates of interchange + 0.10 % + $0.10 per transaction (interchange + 0.20% + $0.10 per transaction for American Express). This high-volume plan supports the use of Level II and III processing data for B2B transactions, so it can potentially lower your interchange rates and save you even more money. Dharma charges a flat $20 monthly fee for eCommerce accounts.

As a part of its eCommerce offerings, Dharma uses MX Merchant as its integrated payments platform. This all-in-one service combines the features of a payment gateway and a virtual terminal into a single product. You’ll have access to online reporting, a customer information database, and even a mobile processing app. You can add optional services for an additional fee, such as recurring billing and echeck/ACH payment processing.

Pros

  • Interchange-plus pricing offered exclusively
  • No annual fee or monthly minimum
  • Month-to-month billing with no early termination fees
  • Outstanding sales transparency and highly ethical business practices

Cons

  • Not recommended for businesses processing less than $10,000 per month
  • No support for high-risk or international merchants

Get Started with Dharma Merchant Services

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5. CDGcommerce

CDGcommerce



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CDGCommerce screenshot (new logo)

Best for general eCommerce needs.

CDGcommerce gives you all the standard features you’d expect in an online credit card processing company. While these features might not always be the most advanced available, they’re all very good.

With CDGcommerce, you get your choice of free payment gateways, including Authorize.Net and the company’s proprietary Quantum Gateway. In other words, you should be covered for nearly endless integrations. There are no setup fees, monthly fees, or per-transaction fees for the use of the gateways. You get a virtual terminal at no extra charge as well as detailed online reporting. If you have a physical store, CDGcommerce can support your credit card terminal, countertop POS, or mobile POS as well. It also offers 24/7 phone support.

CDGcommerce uses different pricing schemes, depending on your sales volume. This isn’t a bad thing, as each pricing scheme is well-matched to the volume. For online processing, the Simple plan (monthly volume between $1,000 and $10,000) charges:

  • 2.9% + $0.30 per transaction, with an American Express surcharge of 0.25%
  • There are no other fees — this flat-fee plan is meant to compete with third-party processors but eventually gives you a merchant account

For the Interchange Plus plan (monthly volume between $10,000 and $200,000), merchants get:

  • Interchange fees + 0.30% + $0.15 per transaction
  • Nonprofits get interchange + 0.20% + $0.10 per transaction
  • There’s still no monthly fee

The Subscription plan (monthly volume over $200,000) has several tiers:

  • Membership prices range from $49/month to $199/month, each tier capped by processing volume, and the “monthly” membership fees must be paid in one lump sum on a per-year basis
  • Rates from interchange + $0.10 per transaction to interchange + $0.05 per transaction, depending on the monthly membership price

Pros

  • Free payment gateway and virtual terminal
  • Month-to-month billing with no early termination fees
  • Excellent customer service and support
  • Scales well

Cons

  • Only available to US-based merchants

Get Started with CDGcommerce

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6. Square

Square



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Best for businesses with low-volume brick-and-mortar sales.

Square may be known best for its convenient POS hardware and expansive support software for small businesses, and indeed, that’s where its strengths lie. That said, Square does offer respectable eCommerce support and infrastructure that includes a free online store and shopping cart support. These can be ideal for businesses that are primarily brick-and-mortar but also do a portion of their business online.

Square uses a flat-rate pricing model for all of its transactions. For eCommerce transactions and invoices, Square charges 2.9% + $0.30, which is more or less the standard industry flat-rate fee for online payments. Square gives you a lot for “free,” including its classic magstripe card reader for mobile devices, a payment gateway, and a virtual terminal, but monthly fees are required for some of the meatier software.

Square is a great all-in-one solution for businesses that do a relatively low volume of transactions. And while eCommerce may not be Square’s primary focus, what it offers should be more than enough for businesses that dabble in online sales.

Pros

  • Impressive feature-set
  • Predictable flat-rate pricing
  • No (mandatory) monthly fees
  • Available to Canadian businesses
  • Strong POS support

Cons

  • Account stability issues
  • Advanced features require a monthly fee

Get Started with Square

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7. Durango Merchant Services

Durango Merchant Services



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Best for high-risk merchants.

Durango Merchant Services is our top pick for high-risk businesses needing online merchant credit card processing. Unfortunately, it’s far more common for eCommerce businesses to be considered high-risk than it is for traditional brick-and-mortar businesses. High-risk businesses typically have a harder time finding providers that will approve their applications for merchant accounts.

Unlike the other online credit card processing companies featured here, Durango doesn’t advertise any pricing information or contract terms on its website. Because Durango works with so many back-end processors to get you set up with an account, all of these factors will be highly variable and subject to negotiation.

Unfortunately, you should fully expect to pay higher processing rates than a comparable low-risk business would have to pay. You should also anticipate being placed on a tiered pricing plan, although interchange-plus is sometimes available. Don’t expect month-to-month billing, either.

These certainly aren’t great terms. However, in an industry riddled with not entirely ethical service providers, Durango is one of the few high-risk providers that enjoys an excellent reputation for fair prices and contract terms. The company goes out of its way to get you the best (and most affordable) deal possible. It also has a great reputation for excellent customer service and support after you’ve signed up. Durango will assign a dedicated account manager who will be your primary point of contact if you encounter any problems.

Pros

  • Specialists in placing high-risk and other hard-to-place merchants
  • Offers offshore merchant accounts for some international merchants
  • Fair pricing and excellent contract terms
  • Dedicated account manager for customer service

Cons

  • No pricing disclosures on the website

Get Started with Durango Merchant Services

Read our in-depth review

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8. PayPal

PayPal



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Best for ease of use.

There’s an easy way to set up an online business, and there’s a hard way. The hard way involves working with APIs that require computer programming skills. The easy way is to add some readily-prepared code to your website yourself. PayPal excels at the latter, offering simple integration of a whole host of payment processing services. That’s why it’s our pick for this subcategory.

It’s easy for merchants to set up a PayPal account. There are no monthly minimums and no other fees in addition to the transaction cost itself (2.9% + $0.30 for online transactions; 2.20% + $0.30 for nonprofits). If you wish to have more services, you can. For instance, recurring billing costs an additional $10 per month, and a dedicated hosted payments page costs $30 per month. You can integrate PayPal as a supplemental option with PayPal Checkout or make it your primary processor.

PayPal offers an entire suite of services directed at online merchants. Along with being able to accept online payments and send invoices, PayPal uses its own gateway, which you can use on a per-transaction basis or by paying a monthly fee. Nonprofits are eligible for a discount and can easily set up a donation button on their site. Merchants with an average transaction size of under $10 can get on a microtransactions plan to reduce their processing costs.

PayPal is by default PCI compliant — it does so by redirecting your customers to its site to complete their transactions. So PayPal merchants usually won’t have to worry about that aspect of payment processing.

Pros

  • Predictable flat-rate pricing
  • Ideal for low-volume merchants
  • Extensive integrations
  • All-in-one payments system

Cons

  • Account stability issues
  • Inconsistent customer support
  • Not suitable for high-risk industries

Read our in-depth review

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9. Stripe Payments

Stripe Payments



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Best for sophisticated, custom integrations.

Stripe Payments, like PayPal, has reached the point where its name is synonymous with internet commerce. PayPal is easier to use when you’re just starting your eCommerce business. But if you’re planning to use a web developer to design a top-of-the-line, slick-looking web store (and/or adding in-app payment functions), you’re probably better off going with Stripe because of all the tools you can integrate into your platform.

Stripe is open to merchants worldwide with numerous currency options and support for many alternative payment methods and local payment options across North America, the EU, and Asia. You’ll also find a great selection of marketplace tools and recurring billing options. Stripe gives you a gateway, a hosted payment page, PCI compliance, and the ability to migrate your customer data if you ever decide to leave.

Stripe’s gateway is permanently coupled to its payment processing, so you can’t access the gateway or tools without using the company’s payment processing. Also, Stripe doesn’t support a virtual terminal.

Stripe charges just 2.90% + $0.30 per transaction. There’s no monthly fee, no monthly minimum, and no PCI compliance fee. Stripe also offers ACH payments at 0.8% that are capped at $5 per month for ACH debit and $1 per ACH credit payment. However, you will pay small fees to access Stripe Billing, which includes subscription management, recurring billing tools, and Sigma, Stripe’s SQL-based custom reporting system. The cost for these services is reasonable, but the pricing scheme is a departure from Stripe’s earlier flat-rate pricing, where everything was bundled together.

Pros

  • Excellent developer tools
  • Predictable flat-rate pricing
  • Advanced reporting, marketplace, and subscription tools
  • Can take international transactions

Cons

  • Account stability issues
  • Needs technical skill to implement

Get Started with Stripe Payments

Read our in-depth review

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What You Should Look For In Online Merchant Services

Let’s take a look now at some eCommerce-specific issues related to internet credit card processing:

  • Pricing: Online credit card sales are all card-not-present (CNP) sales, so they usually cost more per transaction than card-present sales. That said, you’ll still want to pay as little as you can per transaction. Flat-rate pricing is fine for low-volume merchants. Higher-volume merchants should try to get interchange-plus or wholesale pricing. Avoid tiered-pricing if you can.
  • Fraud Detection Tools: Given that CNP transactions have higher incidences of fraud, fraud detection naturally becomes more important for online businesses. While most credit card associations have fraud detection tools, it’s not a bad idea to consider additional fraud protection, whether offered as a part of the standard package or available for an extra fee.
  • Ease Of Use/Technical Knowledge: You should also consider how easy/hard it might be to integrate a particular processor into your web store. If you’re technologically inclined, you might not be worried about buying a domain, building a website, or loading your products or services onto the site. If you’re not, choose a provider with good shopping cart integrations.
  • Merchant Account VS PSP: One of the first things you must decide is whether you should use a traditional merchant account provider or a payment services provider/third-party processor. It takes longer to apply with a merchant account provider, but once you’re approved, you tend to have better account stability. In contrast, you could be approved for processing with a PSP in just a few minutes, but you might have to deal with more frequent occurrences of account holds, freezes, or even terminations in the future.
  • Alternative Payment Methods: Credit and debit cards are far from the only payment method for online businesses. Ask yourself whether your customers would prefer to use any alternative methods and consider implementing the ones you think they’d use. ACH processing is relatively common (and popular among B2B companies), but it’s not always offered as part of a standard credit card processing contract.
  • Reliability & Customer Support: You should expect both reliability and excellent customer support from your payment processor as well as a shopping cart/recurring billing provider. Check that the available support channels match your preferences. The more reports there are that tell a consistent story, the more likely that is the truth of the experience.

How To Get Started With Online Payment Processing

At a minimum, you’ll need the following three things to sell online.

1) A Payment Processor

eCommerce credit card processors fall into two categories: direct (also called merchant accounts) or third-party (also called payment service providers or aggregators).

It can take longer to set up an account with a direct processor because they investigate your financial stability before approving you. Typically, you’ll need a monthly minimum of $5,000-$10,000 in card transactions to justify a direct processor’s monthly and annual fees. In return, you’ll be at lower risk of mysterious account freezes and holds.

Third-party processors — also known as payment service providers (PSPs) or aggregators — only perform a cursory financial vetting before approving the account. A third-party processor lumps all of its merchants into one large merchant account (hence the term “aggregating”). However, because so little underwriting is done beforehand, the processor analyzes your activities with greater scrutiny afterward, and you are more likely to encounter an account hold or termination, usually with little to no notice.

Recommended Reading: The Secret To Accepting Credit Cards Without A Merchant Account? Finding A Great Third-Party Payment Processor

2) A Payment Gateway

If you plan to sell online, you need a payment gateway. A gateway allows you to accept online credit card payments; you can’t sell online without one. However, the concept of a gateway can become somewhat fuzzy because third-party processors, such as PayPal and Stripe Payments, combine their services with a built-in gateway. Merchant account providers may have their own gateways available for an additional fee, or they may choose to set you up with a third-party gateway (not to be confused with a third-party payment processor).

Recommended Reading: How To Use A Payment Gateway To Process Credit Card Payments

3) A Shopping Cart/Website

eCommerce software (a.k.a. a “shopping cart”) is software used to create a web store. Typically, eCommerce software comes in two forms: Software-as-a-Service (SaaS) or self-hosted. For a monthly fee, SaaS shopping carts offer web hosting and storage, SSL certificates, and other tools to build and maintain a website. Self-hosted solutions are typically free to download because they are open-source, and they offer a lot of features and customizability — if you have the technical know-how to pull it off.

Recommended Reading: Shopping Carts 101: How To Choose A Shopping Cart For Your Business; Questions To Ask Before You Commit To A Shopping Cart

What To Expect From Online Credit Card Processing Trends In 2021

It’s hard to talk about recent and near-future trends without talking about the impact of the COVID-19 pandemic, so you may not be surprised to hear that credit card processing has been affected as well. The big change here is that Visa and Mastercard both postponed updates to their interchange fees in 2020. Usually, both companies update their rates twice a year. Changes are expected in 2021 (Visa will probably update rates in April 2021). Rumor has it both companies had planned to raise their interchange fees on eCommerce transactions but held off due to the pandemic-fueled growth in card-not-present transactions.

Nevertheless, online credit card fraud is a growing problem that will likely raise rates in the near future. To combat this, Visa and Mastercard are recommending that merchants use tokenization. If you have the capacity, now is a good time to get ahead of the curve and implement tokenization, as it may affect your rates down the road. Even if it doesn’t, it’ll help you avoid chargebacks and account instability due to fraudulent charges.

Online Credit Card Processing FAQ

Choosing a good online merchant services provider involves more than just finding one that offers you lower processing rates and account fees than the competition. Here are some other considerations you should take into account when selecting a provider:

What is the most secure online payment method?

One of the safest ways to pay online is probably through a method that uses tokenization — which means Apple Pay, Google Pay, Samsung Pay, or similar. That way, the actual card number is never transmitted online. Even if the number is somehow stolen, the card associations can easily deactivate the token and send the consumer a new card.

How does online payment processing work?

That’s a complicated question, but the short of it is online payment processing services use a payment gateway to transmit information from an online shopping cart transaction to a payment processor, which handles the fees and transactions between the merchant’s and customer’s banks and the credit card companies. Most eCommerce-enabled online payment service providers offer either a combined gateway and processing service or let you choose a compatible gateway.

 

What is the best online payment processor for a small business?

That depends on your sales volume, the nature of your business, and the features you require. The best eCommerce credit card processing provider for one company will not be the best for another. They all fill slightly different niches.

How long does it take an online payment to process?

It usually takes between three to five days for a payment to make the journey from the shopping cart to the merchant’s business account. Some services with their own payment infrastructure (such as PayPal) may clear more quickly so long as they aren’t drawing on slower sources (for example, an attached bank account).

What is the cheapest way to accept payments online?

That depends on your sales volume and whether or not your business is high-risk. Low-volume businesses should consider Square or PayPal. High-volume businesses should consider wholesale pricing, like with Stax or CDGcommerce. If you don’t need to process cards, ACH payments are generally cheaper.

Can I add recurring billing to my online payment solution?

Yes, but you’ll need to find a payment gateway or integrated payments platform that supports recurring billing. Some providers, such as Stripe Payments and PayPal, include recurring billing support as a standard feature of their service. Other online payment providers offer recurring billing support as an optional feature, and they often charge a little extra for it.

How do I keep my online payment processing secure?

Security features such as support for tokenization and encryption are pretty much the industry standard today, but some providers offer more robust security options than others. Data breach insurance is a worthwhile investment for online businesses, as the cost of a breach could easily put you out of business without it. You’ll also want to pay attention to PCI compliance requirements to protect your customers’ card data and lower the risk of a breach occurring at all.

Can I migrate my customer's data?

You might think that this would be a pretty easy thing to accomplish, but some providers make it exceedingly difficult and expensive — probably to discourage you from dropping their service. While most providers don’t talk about this issue in their marketing materials, Stripe Payments openly advertises that you can take your data with you (for free!) if you switch to another provider.

Can my nonprofit organization get discounted online processing rates?

Sometimes. You’ll want to see how much of a discount a provider will offer your nonprofit, as some providers are definitely more generous in this area than others. Dharma Merchant Services and Helcim both offer significant discounts to nonprofit organizations and should be at the top of your list if you’re looking for a new provider.

 

How To Choose The Best eCommerce Credit Card Processor For Your Small Business

online credit card processors

If you want to start an eCommerce business, there is no shortage of excellent online payment processors to help you take card payments. You might be just getting started and need a flexible, pay-as-you-go provider with no minimums. Or you could already have a high volume of transactions and just want a better processing rate or a more reliable processor. Either way, this list is a good starting point in searching for the best credit card processor for eCommerce.

Don’t compare on price alone, though! Be sure to consider all the features you need as well as compatibility with shopping carts and other services you may use in your business. Keep an eye on what features you absolutely must have right now as well as what you would like to have further down the road as your business starts to grow.

What are your favorite online payment solutions? What have your experiences with the processors on this list been like? We’d love to hear from you, so leave us a comment below if you have a question or just want to let us know what you think.

You may also want to check out our features on the following topics:

In Summary: The 9 Best Online Credit Card Processing Companies

  1. PaymentCloud:
    • Best for high-risk businesses
    • Low-risk accounts are available
  2. Stax by Fattmerchant:
    • Best for high-volume businesses
    • Subscription-based pricing exclusively
  3. Helcim:
    • Best for an all-in-one platform
    • Available in Canada
    • Exclusively uses interchange-plus pricing
  4. Dharma Merchant Services:
    • Best for B2B
    • Exclusively uses interchange-plus pricing
    • Outstanding transparency
  5. CDGcommerce:
    • Best for general eCommerce
    • Scales well to different transaction volumes
    • Adequate toolset for most small businesses
  6. Square:
    • Best for businesses with low-volume brick-and-mortar sales
    • Free online store
    • Powerful all-in-one service
  7. Durango Merchant Services:
    • Best for high-risk merchants
    • Supports offshore merchant accounts
    • Dedicated account manager for clients
  8. PayPal:
    • Best for ease of use
    • Wide variety of integrations
    • Ideal for low-volume merchants
  9. Stripe Payments:
    • Best for sophisticated, custom integrations
    • Great for international sales
    • Comprehensive payment type support
Chris Motola

Chris Motola

Expert Analyst & Reviewer: Payments & Finance at Merchant Maverick
An expert in personal and business loans and financial health, Chris Motola has been writing about small business finance and payments for over 5 years. He has been cited in various industry publications, including Forbes Advisor, GoBankingRates, and Medium. Chris is a graduate of the University of Central Florida.

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19 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Harith Motoshiromizu

    This website and blog are exceptionally amazing and great to see and we Know there are more card handling organizations we can look over out there however you’ve gathered together the absolute best among them..

      This comment refers to an earlier version of this post and may be outdated.

      Dennis M. Oates

      I need virtual terminal gateway whereby i can keyed in the transaction manually on my pc.

        This comment refers to an earlier version of this post and may be outdated.

        Jessica Dinsmore

        Hi Dennis,

        Square would be the best option. Payline has one as part of its mobile plan too.

          This comment refers to an earlier version of this post and may be outdated.

          Stella Gaunson

          Your site and blog are very impressive and good to see. And also thanks for sharing this informative blog.

            This comment refers to an earlier version of this post and may be outdated.

            Robert

            We currently use Open Edge , a division of globalpayments, what are thoughts concerning this company, charges, customer service , features and capability to work with other software features ?

            Thanks
            Robert

              This comment refers to an earlier version of this post and may be outdated.

              Jessica Dinsmore

              Hi Robert,

              Unfortunately, we haven’t yet reviewed OpenEdge, but we do make several references to it, in our Global Payments Review that you might find helpful.

                This comment refers to an earlier version of this post and may be outdated.

                Joe

                What are your thoughts on PayJunction?

                  This comment refers to an earlier version of this post and may be outdated.

                  Jessica Dinsmore

                  Hi Joe,

                  You can check out our in-depth review of PayJunction here.

                    This comment refers to an earlier version of this post and may be outdated.

                    Ron Zanetti

                    How does Magento fit in with these providers?

                      This comment refers to an earlier version of this post and may be outdated.

                      Liz Hull

                      Hi Ron,

                      Sellers who use Magento mostly add payment processors via pre-built integrations. These integrations let you connect your Magento account with a payment solution without doing any development. You can find these integrations for purchase in the Magento Marketplace.

                      If your favorite payment processor does not have a pre-built integration or gateway available in the Magento Marketplace, you can hire a developer to build a connection on your behalf. Keep in mind that this can be very expensive.

                      I hope that answers your question!

                      Best,

                      Liz

                        This comment refers to an earlier version of this post and may be outdated.

                        Thomas

                        Do you know anything about Cardinity.com? Planning to try their payment solution.

                          This comment refers to an earlier version of this post and may be outdated.

                          Jessica Dinsmore

                          Hi Thomas,

                          Unfortunately, we have not reviewed Cardinity, so we can’t confidently give an assessment one way or the other. That said, here is a great merchant account comparison chart of vendors we have reviewed. Best of luck to you!

                            This comment refers to an earlier version of this post and may be outdated.

                            Dennis Hoyt

                            Melissa / Jessica – Do you have a review of Vantage Payments? I have not seen one for them on your website.
                            Thank-you.

                              This comment refers to an earlier version of this post and may be outdated.

                              Jessica Dinsmore

                              Hi Dennis,

                              Thank you for writing! Unfortunately, we have not reviewed Vantage Payments, so we can’t confidently give an assessment one way or the other.

                                This comment refers to an earlier version of this post and may be outdated.

                                Ed lich

                                Why no mention of Ayden? The one replacing paypal on ebay. Seems if good enough for paypal they would be among the top ten.

                                  This comment refers to an earlier version of this post and may be outdated.

                                  Jessica Dinsmore

                                  Hi Ed,

                                  We actually DO have a review of Adyen! They are worth looking into, for sure. Thanks for the suggestion!

                                    This comment refers to an earlier version of this post and may be outdated.

                                    Ryan Stewart

                                    This a good guide for starters. Doing it right from the start will save you fees. I’m sure there are more card processing companies we can choose from out there but you’ve rounded up some of the best among them. Definitely worth reading.

                                      This comment refers to an earlier version of this post and may be outdated.

                                      Mike

                                      What about integrating into an existing merchant processor like TSYS or Chase or Global. Would their ecommerce MID rates be competitive?

                                        This comment refers to an earlier version of this post and may be outdated.

                                        Chloe Bahal

                                        Hi Mike,

                                        You can get comparison quotes at CardFellow. I hope this helps and if you have further questions please let us know.

                                          This comment refers to an earlier version of this post and may be outdated.

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