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These 9 Cheapest Credit Card Processing Companies Will Save Your Small Business Money

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Cheapest credit card processing companies for small business

Do you want to accept credit cards, but it pains you to think of losing your hard-earned money? Unfortunately, you usually can’t accept credit cards unless you have a merchant account — and merchant accounts aren’t free. In fact, they can be very expensive for a small business if you choose the wrong provider. And this is a bad time for expensive things since the pandemic is stressing your business on all sides.

In this post, we are going to look for the cheapest credit card processors. While there’s nothing wrong with wanting to save money, if you look up “cheap” in the Merriam-Webster Dictionary, you’ll find that cheap can mean “charging or obtainable at a low price,” but it can also mean “of inferior quality or worth.” We all want to avoid the latter!

That’s why we looked for companies that charged the lowest credit card processing fees without sacrificing value so that you can keep the best profit margin for your small business.

Learn More About Our Top Picks

CompanyHighlightsNext StepsHighlights
Payment Depot

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  • Best for mid to large-sized businesses
  • Ideally priced for businesses that process larger tickets
  • Best for mid to large-sized businesses
  • Ideally priced for businesses that process larger tickets

Visit Site

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Stax By Fattmerchant

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  • Best for an all-in-one merchant account provider
  • Offers proprietary Omni POS software
  • Best for an all-in-one merchant account provider
  • Offers proprietary Omni POS software

Visit Site

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PaymentCloud

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  • High-risk processor
  • Reasonable rates and fees
  • High-risk processor
  • Reasonable rates and fees

Visit Site

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Square

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  • Predictable pricing for newer businesses
  • Robust software feature-set
  • Predictable pricing for newer businesses
  • Robust software feature-set

Visit Site

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National Processing

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  • Full-service merchant account
  • No-frills, low fee merchant, low fuss
  • Full-service merchant account
  • No-frills, low fee merchant, low fuss

Visit Site

Read More

Other Featured Options:

  • CDGcommerce:
    • Best for eCommerce businesses
    • Offers different pricing structures for businesses at all stages of growth
  • Payline:
    • Available for mobile and online payments to in-store sales
    • Special non-profit pricing available
  • Chase Merchant Services:
    • Direct processor with an established name
    • Willing to work with small businesses to offer lower processing rates
  • PayPal:
    • Online payment services giant
    • International reach
    • Trusted name

Read more below to learn why we chose these options.

How We Chose The Cheapest Merchant Service Processors

When it comes to finding the cheapest credit card processing for small businesses, we used several criteria, including:

  • Pricing: Since we’re profiling the cheapest merchant services in the industry, it should come as no surprise that pricing considerations are at the top. It isn’t that simple, however. Pricing can be very complex, and there are many variables to analyze when making a cost comparison between one provider and another. To get a better idea of just how complicated processing rates can be, check out our article, The Complete Guide To Merchant Account & Credit Card Transaction Fees.
  • Contracts: No one wants to be stuck in a long-term contract with an expensive early termination fee if you close your account early. Unfortunately, that’s what many traditional merchant account providers will offer you. All the companies profiled here — including PSPs and full-service merchant account providers — generally provide month-to-month contracts. You can close your account and switch to a different provider any time you want with no penalty.
  • Hardware: Unless you’re running an eCommerce-only business, you’re going to need some equipment to process your customers’ credit cards. With the processors profiled in this article, you’ll find EMV-compliant credit card terminals, POS systems, options in contactless payments, and mobile processing. To make the list, equipment had to be at a competitive cost — some are free!
  • Integrations & Add-on Services: Syncing your business’s most essential parts and being ready to scale are also critical to choosing the right low-cost merchant services. If the service saves time or reduces redundancy, it is saving you money. Each of the options below has a healthy list of integrations or built-in tools ready to add on or are already included with your merchant account.

Here are our top choices for the cheapest credit card processing for small businesses:

The 9 Cheapest Credit Card Processing Companies For Small Business

When you’re looking for a lower-cost credit card processor, we recommend taking into consideration the rate, monthly fees, the features that come with your account, ease of use, and how much time it saves you.

What may be right for one business may be a terrible fit for another. Take a look at our list below and find out which one would be the best fit for your small business.

1. Payment Depot

Payment Depot



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Payment Depot’s subscription-based pricing model with its no percentage-based markup saves the most money for businesses that frequently process larger tickets.

We like Payment Depot’s model because it combines all your recurring fees (e.g., payment security, virtual terminal) into a single subscription fee, starting at $49/month for the basic plan. We also like that the company charges some of the lowest credit card processing fees with the elimination of the percentage markup.

In addition to its transparent pricing model, Payment Depot has numerous integrations, including:

  • QuickBooks
  • Authorize.Net
  • Opencart
  • WooCommerce

You can get set up right away with what you need and have plenty of options when it comes time to expand.

Payment Depot also offers a variety of reasonably-priced card processing hardware, including contactless readers.

With excellent customer support and consistently good reviews from merchants who use Payment Depot, we think this company offers some of the best value for the price. Check out our full Payment Depot review to learn more about its pricing model, options in terminals, user reviews, FAQs, and more.

Pros

  • Free payment gateway and virtual terminal
  • No application or setup fee
  • Transparent membership pricing

Cons

  • Accepts only US-based merchants
  • Not suitable for high-risk businesses

Get Started with Payment Depot

Read our in-depth review

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2. Fattmerchant

Stax By Fattmerchant



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Fattmerchant consistently ranks as one of our best-rated all-in-one merchant account providers. The company offers a 0% markup rate and a subscription pricing model. Plus, free invoicing, a virtual terminal, and POS software all come standard with the account.

Fattmerchant has subscription-based pricing that starts at $99/month. Don’t let that monthly fee discourage you. The truth is that the 0% markup could save a high-volume business so much money that it more than pays for the monthly fee. Check out The Complete Guide To Fattmerchant Fees & Pricing For Small Businesses to see how it breaks down.

We also like the robust feature-set, including invoicing and billing features, inventory management, and advanced reporting. Fattmerchant also offers several add-on features if you need them, such as an ACH subscription, same-day funding, dispute manager, EBT processing, and more.

To adapt to changing consumer habits from the pandemic, Fattmerchant now offers Contactless by Omni. This is an entire suite of products designed for brick-and-mortar merchants looking to move online and upgrade hardware to contactless payments.

Fattmerchant is a top processor pick because of its versatility, predictability, reliability, and value for many business types. Whether you run a standard retail business, an online store, a phone order business, a professional services business, or any other kind of business, we recommend Fattmerchant as a good place to start your search for a processor. For more information about hardware, eCommerce tools, and more, see our in-depth Fattmerchant review.

Pros

  • Month-to-month billing and no long-term contract
  • No percentage markup rate
  • Next-day funding available

Cons

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

Get Started with Stax By Fattmerchant

Read our in-depth review

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3. PaymentCloud

PaymentCloud



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PaymentCloud is best for businesses in the high-risk category looking for reasonable rates and fees. With excellent customer support and a specialty in high-risk credit card processing, we find this company consistently delivers excellent value.

PaymentCloud doesn’t seem to take advantage of a high-risk business, unlike many other high-risk processors we’ve reviewed. The company keeps costs low by partnering with bigger banks to maximize the odds of your approval and ongoing stability. It also doesn’t have an exorbitant markup past the interchange fee.

The company offers a variety of tools for eCommerce sales, including:

  • Shopping cart integration (e.g., Shopify, 3DCart)
  • eCheck and ACH processing
  • Payment gateway (e.g., Authorize.Net, USAePay)

You also have several options for card processing hardware for in-person sales, including contactless terminals. Keep in mind, though, that processing hardware ultimately depends on the back-end processor, so not every terminal or reader will be available to you. For more information and specifics about what PaymentCloud offers, visit our full PaymentCloud review.

Pros

  • Specializes in high-risk businesses
  • Reasonable rates
  • Excellent customer service

Cons

  • Pricing not disclosed on the website (varies based on the back-end processor)

Get Started with PaymentCloud

Read our in-depth review

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4. Square Payments

Square



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Square is best for businesses looking for a robust feature-set for a small price tag. The Square POS is free and includes great security and features, such as reporting, free invoicing and virtual terminal, free email marketing features, and more.

While Square may not offer the absolute lowest credit card processing fees, Square is a third-party processor with convenience at the core of its service. As such, the company makes taking credit cards more accessible to small businesses. It also provides many features you won’t find anywhere else, and it doesn’t charge extra for them.

What we really love about Square are all of the free features that build on the overall value. At your dashboard, you’ll find the features I previously mentioned. You’ll also have built-in payment security, a customer directory, a free store website, and now Square Online Checkout — payment links or buttons you can place just about anywhere. Square was built with a very low learning curve in mind; the UI is incredibly easy to navigate and find what you need.

You can buy a variety of processing hardware from Square. It has a solution for contactless payments for every piece of hardware, including QR codes for mobile devices. You are pandemic-ready no matter which hardware you use.

For a more detailed look at Square, be sure to check out our full Square review to learn more about pricing, features, and a lot more!

Pros

  • Predictable flat-rate pricing
  • Affordable readers
  • A robust free feature-set

Cons

  • Account stability issues
  • Not suitable for high-risk industries

Get Started with Square

Read our in-depth review

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5. National Processing

National Processing



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National Processing is best for those looking for the features and stability of a full-service merchant account. It offers:

  • Low interchange-plus rates
  • Ability to accept ACH/echecks
  • Contactless payments-ready Clover hardware

National Processing has a great reputation, with few complaints and quite a bit of praise from customers — something we don’t often see with merchant account providers.

National Processing is a great service for businesses that want low-fee credit card processing from a reliable company. However, if you’re hoping for a software suite with POS analytics and lots of ancillary software options, you might want to consider Square. If you just want something secure to accept debit, credit, and ACH, you’ll likely be more than happy with National Processing. To learn more about what the company can do for your business, pricing, and more, check out our full review.

Pros

  • Low interchange-plus pricing
  • Low-cost ACH payment processing
  • Good online reputation

Cons

  • Early termination fee charged in some circumstances
  • A long-term contract is required in exchange for the free terminal

Get Started with National Processing

Read our in-depth review

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6. CDGcommerce

CDGcommerce



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With a free payment gateway and virtual terminal, CDGcommerce is best for eCommerce businesses. We love that it has month-to-month agreements with no early termination fees and affordable credit card processing rates for a growing small business. It also offers a variety of hardware, including those that are contactless-payment-ready.

There are a lot of things that CDGcommerce doesn’t charge you for, making it a very affordable option for small businesses and startups. The following items come free with your account:

  • No account setup fees
  • No PCI compliance fees
  • No gateway fees
  • No monthly minimums

So what do you pay for? Besides processing charges, you’ll only have to pay a low monthly account fee (typically around $10). This fee gets you both a full-service merchant account and a payment gateway. You can select either CDG’s proprietary Quantum gateway or Authorize.Net. Either way, there’s no fee for using the gateway and no additional per-transaction processing fee.

Note that you’ll need to obtain a quote from the company for the specific rates and fees that are available to your business. With very low account fees and competitive processing rates tailored to your business, CDGcommerce offers a great combination of price and value. If you’ve been using Square or PayPal and want to upgrade to a full-service merchant account, CDGcommerce is an excellent option.

For more information on pricing, features, and what CDGcommerce can offer your business, see our complete review.

Pros

  • Month-to-month agreement with no early termination fees
  • Free payment gateway and virtual terminal
  • Excellent customer service

Cons

  • Only available for US-based merchants

Get Started with CDGcommerce

Read our in-depth review

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7. Payline Data

Payline



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Payline Data covers all the bases for small business transactions — from mobile and online payments to in-store sales. It provides low-cost merchant services that are best for low-volume sellers. It also offers a full line of hardware, including those that can accept contactless payments.

Payline also stands out from the crowd for its corporate philosophy of charitable giving and support for nonprofit organizations through discounted pricing.

If you are looking for the cheapest payment gateway for your eCommerce shop, Payline Data can set you up with Payline Gateway, a full-featured payment gateway. You’ll get recurring billing, electronic invoicing, and a customer vault with no separate gateway fees or transaction charges.

Check out our Payline Data review for more information about pricing, features, and more.

Pros

  • Transparent interchange-plus pricing
  • No early termination fee
  • Free gateway and virtual terminal

Cons

  • Not available for international sellers
  • Hidden developer tools

Get Started with Payline

Read our in-depth review

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8. Chase Merchant Services

Chase Merchant Services



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Chase Merchant Services is best for small businesses looking for low processing rates from an established name. Chase also supports payments in more than 120 currencies from around the world to enable international sales.

Chase Merchant Services is one of the largest processors in the United States and is a direct processor. You won’t have to deal with any middlemen when using your merchant account. Chase has received remarkably few complaints from merchants for such a large company and has consistently earned good reviews.

As far as services, Chase offers its proprietary payment gateway, or you can integrate with other third-party gateways (such as Authorize.Net). It provides a virtual terminal, several options in credit card terminals, and a mobile processing reader. The card terminals and mobile readers are all contactless-ready. While Chase does offer online reporting, ACH, and gift card programs, these may come at an additional charge.

We like that Chase offers month-to-month billing with no long-term contracts or early termination fees as a standard feature. However, you might have to agree to a three-year contract if you include a “free” credit card terminal with your account, so be aware of this before taking that deal. For a more detailed look at Chase Merchant Services, be sure to check out our full review.

Pros

  • Large direct processor
  • Supports 120 currencies
  • Interchange-plus pricing available on request

Cons

  • Free credit card terminal requires a long-term contract
  • Limited pricing information disclosed

Get Started with Chase Merchant Services

Read our in-depth review

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9. PayPal

PayPal



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PayPal is best for those looking for the trusted name recognition that comes with this payment services giant. With copy-and-paste payment buttons and discounts for nonprofits, PayPal provides flexibility and is easy to set up.

Like Square, PayPal is a third-party processor that makes taking credit cards more accessible for a wider variety of businesses. Nothing comes without its drawbacks, however. PayPal is not going to provide you with personalized, friendly service. If you’re content with a self-serve situation as far as customization of features goes (e.g., smart payment buttons), then you’ll probably do just fine with PayPal.

We like that PayPal has multiple pricing plans available, with discounts for nonprofits and special rates for merchants who primarily have micropayments. You’ll also find extensive integrations for your eCommerce shop and good developer tools (that you must know how to use).

Though PayPal is better known for its eCommerce payment offerings, you can use PayPal to take in-store payments as well. PayPal offers an NFC-capable reader that works with a smartphone or tablet. Customers can also pay by scanning your QR code using their mobile device’s camera.

What really stands out about PayPal is that you can take advantage of the name recognition at checkout — not to mention how easy it is to place a checkout button nearly anywhere you want to. Also, keep in mind that you can go with a solution such as Shopify and easily add PayPal to your payment flow. Find out what to expect by reading our full PayPal review.

Pros

  • Easy to use
  • Advanced design tools
  • Trusted by customers

Cons

  • Add-ons often necessary
  • Inconsistent customer support

Read our in-depth review

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Get The Lowest Credit Card Processing Fees By Choosing The Right Type Of Payment Processor

When you are shopping around for credit card processing rates and navigating to the best decision, it is imperative to understand the two types of processors. There is quite a bit of difference between a payment service provider and a traditional merchant account, and we feature both types of companies in this post. Let’s find out the differences so that you can make the best decision.

Payment Service Providers (PSPs)

A payment service provider (PSP) is often called a third-party processor in our posts. What’s the difference between this and a traditional merchant account? For starters, instead of processing directly with the acquiring bank, the processing company (e.g., Square, PayPal) lumps all of their customers in an aggregate account.

Because the PSP is actually taking the risk with its bank account, you will not receive a unique merchant ID for your business. A third-party processor makes it much easier for businesses that do not qualify for a merchant account for various reasons, but there are some things to keep in mind.

Drawbacks With A Third-Party Processor

First, customer service can be inconsistent. You probably won’t get a lot of one-on-one support. However, the options on our list have extensive FAQs, knowledgebases, and community support that should provide you with most of the answers you need. Together with the fact that these companies are often built with ease of use in mind, if you’re the tech-savvy type, you might not need a lot of customer support anyway.

Because a payment service provider is taking the financial risk for transactions, merchants are more at risk for sudden account freezes, holds, and even terminations. While the majority of businesses won’t have to deal with this scenario, it is, nevertheless, still possible. You can understand how to reduce your risk by checking out How To Keep Your Payment Processor From Holding Funds Or Terminating Your Account: What Small Businesses Need To Know.

Benefits Of A Payment Service Provider

Many small businesses and nonprofits trust PSPs, such as Square, PayPal, Shopify, and Stripe. These third-party processors tend to be built with the end-user in mind. They make it easy for a busy small business owner to add all the services they need to their account without spending a lot of time or money.

These platforms typically have built-in features you probably won’t find with traditional merchant accounts (and you won’t pay extra for them). These features include:

  • eCommerce tools
  • Invoicing
  • Reporting
  • Free customization
  • Data security
  • Tools to market and sell on multiple sales channels

Traditional Merchant Accounts

Traditional merchants are more likely to be the acquiring bank themselves. When you cut out the “middle man,” you do have the potential for lower fees. That doesn’t mean they charge less, however. Tiered pricing is one of the worst agreements to get stuck with because it is highly variable and usually much more expensive than it should be. Find out why we don’t recommend this in our post: Why Tiered Pricing For Credit Card Processing Is The Most Expensive Option (And How To Avoid Overpaying).

Watch Out For These Things With A Traditional Merchant Account

While a traditional merchant account can offer you a low-fee credit card processing rate, we also see ancillary fees that add to their profit margins, such as data security, virtual terminal fees, and more. Sometimes we see “junk fees” that add even more to their bottom line. While we specifically selected companies that keep processing costs low for our list, it is something to be aware of when you’re shopping around.

When you’re looking for affordable credit card processing, keep in mind all of the other add-on fees that may come along with that original “teaser rate.” If these extra fees and variable terms exist, then you’ll find them laid out in your contract. This is why we always strongly encourage you to sit and read through your contract, especially if a salesperson seems to want to push you to sign.

Now that we have gotten through some of the stickier elements to a traditional merchant account, here are some benefits.

Benefits Of A Traditional Merchant Account

Traditional merchant accounts include several features you won’t find with most PSPs.

  • You’ll be assigned a unique merchant identification number (MID). The MID is used to identify you to processors, issuing banks, and credit card associations. While it might not sound like much, having a unique merchant ID number helps lower the risk of fraud and improves your account’s stability.
  • You’ll have one-on-one customer service and dedicated support. Individualized support probably doesn’t mean much if you’re a techie who would rather read online knowledge libraries and work things out yourself. However, if you’re not tech-inclined and your card payment system goes down while you have customers waiting to pay, the better service from a merchant account provider can be a lifesaver.
  • As you grow larger, your processing costs will go down. When it comes to many medium-sized and larger businesses, a full-service merchant account will be less expensive than a PSP, despite some additional monthly fees. That’s because the merchant account provider’s pricing model contains an automatic volume discount. All you need to do is to hit that volume, and you’ll get the discount.

Making the decision that works best for your business has a lot to do with your business size, goals, and what may help your business run smoother in the way of features or add-on tools. There is never a one-size-fits-all solution. The lowest processing rate for one business may not be the best bet choice for another.

Why The Cheapest Merchant Services Aren't Always The Best

When it comes to figuring out the “cheapest” payment processing providers, there are a few things to keep in mind:

  1. The company offering the lowest processing rates or fees isn’t necessarily the cheapest. The total percentage of the credit card sales you’ll have to fork over to your merchant account provider isn’t an easy thing to calculate in advance with any precision. Variable processing rates and hidden (or at least unanticipated) fees can easily result in you paying much more than you thought you were going to. Companies that offer flat-rate pricing fare much better in this regard, as their simple pricing structure makes it relatively easy to estimate your monthly processing costs.
  2. The “cheapest” processor isn’t necessarily the best one for your business. Naturally, you want to be able to accept credit cards while paying the least amount of money for the privilege. However, companies offering the lowest rates often cut corners in other aspects of their service to make those low rates possible. Poor customer service, for example, is a common problem among the least-expensive processors. If you want the best overall options, you might also check out our top picks for small business credit card processing.
  3. With the changes in consumer habits because of the pandemic, a processor’s overall offerings might become more important. Before the pandemic, if you had a brick-and-mortar-only business, you only needed to look at in-person payment rates to find the cheapest processor for you. However, the pandemic has pushed everyone online, so you now have to look at online transaction rates as well. Some of the processors we profiled in this article can help you set up an online store quickly and for free, while others will require you to hire a developer. So don’t forget your eCommerce labor costs when figuring out which processor is the cheapest for your business.

Affordable Credit Card Processing: Making Sense Of Dollars & Cents

When looking for the cheapest credit card processing rates, you want to make effective comparisons. Here are some things to ask. You can use this section to create a checklist and track what you find when you look at your options.

  • What’s the processing rate? Is it a flat rate, interchange-plus, or tiered rate? If you’re not sure about the differences, check out How Much Should You Pay For Credit Card Processing.
  • Is there a monthly fee or other subscription fees?
  • Is data security included?
  • What are the features that are important to you, and what features are included in this option?
  • Is the contract month-to-month, yearly, three years, or longer?
  • Is there an early termination fee if you decide to close your account?
  • If you decide to change processors, how easily will you be able to port your data? Can you re-use your hardware at that new processor?

If you currently have a payment processor and are not sure how much you’re paying, we show you how to figure it out in our post: Knowing Your Effective Rate For Credit Card Processing Is The Best Way To Not Overpay For Merchant Services.

As you’ve probably noticed by now, pricing for credit card processing is a ridiculously complicated subject. With dozens of interchange rates and a wild assortment of fees, trying to figure out how much accepting credit cards will cost your business inevitably comes down to guesswork.

While you can make a reasonable estimation based on your processing history and your business type, it’s not realistic to expect that you’ll be able to come up with a precise figure. Fortunately, the companies we’ve profiled here fully disclose their processing rates and fees, making the job of estimating your costs much easier.

The Bottom Line On The Cheapest Credit Card Processing For Small Business

All the companies we’ve profiled here provide excellent service at an affordable cost, but some are better suited to particular types of businesses than others. Keep in mind your goals, and don’t be afraid to crunch some numbers and compare your top options. It isn’t always obvious which company has the lowest credit card processing fees until you work it out with your projected volume and average ticket size. For tips on how to get the best possible rates, check out our post: How To Negotiate The Perfect Credit Card Processing Deal.

For a side-by-side comparison of some of the companies listed here (and a few other excellent providers), please see our Merchant Account Comparison Chart.

Have questions about any of the companies we’ve featured in our best-of list? Ask us in the comment section below.

In Summary: The 9 Cheapest Credit Card Processing Companies For Small Business

  1. Payment Depot:
    • Best for mid to large-sized businesses
    • Ideally priced for businesses that process larger tickets
  2. Stax By Fattmerchant:
    • Best for an all-in-one merchant account provider
    • Offers proprietary Omni POS software
  3. PaymentCloud:
    • High-risk processor
    • Reasonable rates and fees
  4. Square:
    • Predictable pricing for newer businesses
    • Robust software feature-set
  5. National Processing:
    • Full-service merchant account
    • No-frills, low fee merchant, low fuss
  6. CDGcommerce:
    • Best for eCommerce businesses
    • Offers different pricing structures for businesses at all stages of growth
  7. Payline:
    • Available for mobile and online payments to in-store sales
    • Special non-profit pricing available
  8. Chase Merchant Services:
    • Direct processor with an established name
    • Willing to work with small businesses to offer lower processing rates
  9. PayPal:
    • Online payment services giant
    • International reach
    • Trusted name
Emily Hale

Emily Hale

Emily is a writer, strategist, and freelance consultant based in Indianapolis. She is driven to create content that empowers her readers and her clients to make better choices in their business and their lives. When she's not in the thick of researching and developing blogs for Merchant Maverick, she likes to cook from scratch for her family or escape outdoors and meander through nature with her rescue pup.

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14 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.

    Bob Ross

    Hi Merchantmaverick:
    I appreciate what you are doing.
    We are owners of two separate small retail business’s in Calgary. They do 40k and 140k a month. We rent our devices.
    We have always been with First Data thru paystone and we do like the Clover machine. I am always looking at reducing expenses while maintaining good functioning machines. We call them every year or two to bring rates a bit lower and i feel our rate is not to bad now. I am not good at this but I am interested in your thoughts on the best and lowest price merchant providers for our two growing stores. Many thanks!

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

      Jessica Dinsmore

      Hi Bob,

      Thank you! We have a post on Canadian processors that will have the answers you are looking for, and then some! I’d suggest reaching out to each of the recommended processors directly for quotes, and then you can decide who might be the best fit for your business. One thing is for sure- we never recommend leasing devices, but you can read more about that in the post as well. I hope that helps you with your search. Best wishes!

        Cynthia moore

        Thank you! This subject can be mystifying indeed! Can you please comment on Heartland Payment Services? My ex business partner set us up there. I have trouble deciphering the details and tend to just leave things where they are. I’d value your analysis. Thank you!

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

          Jessica Dinsmore

          Hi Cynthia,

          You can check out our in-depth review of Heartland Payment Systems!

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

            Meg Glidden

            What about EVO?

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

              Jessica Dinsmore

              Hi Meg,
              You can read our EVO Review and see what you think of their pricing plans. They seem to differ greatly depending on agents and individual business needs. I hope that helps!

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

                Veri cardsys

                Wow! It is really good info! Thanks for sharing this post 🙂

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

                  John Y

                  Costco Business Services offer 1.9% online rate plus $0.25/transaction.

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

                    MelsAntiqueJewelry.com

                    That is not exactly correct. I have my merchant account through Costco and there pricing structure is the interchange-plus pricing. They tell you the rate is 1.99%, but it varies from 1.99 – 3.5% based on the credit card you are processing. Very rarely do you get one that is 1.99%. I am changing companies now because Costco is too expense and they have caused me to lose customers by ‘accidentally’ processing a charge twice, which takes months to get corrected and you can only do it through the mail!!!

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

                      Jennifer Martin

                      Thanks for the overview. Looks like you are way off though on the square rates.

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

                        Frank Kehl

                        Fixed. Thanks!

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

                          joseph longo

                          interested in an account

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

                            Jessica Dinsmore

                            Hi Joseph,

                            Our filtering tool can help you find the provider best suited for your business. Give it a try here.

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

                              Wayne Gungl

                              Great information – especially for those of us with a very small business. One other thing that might have been considered is that with PayPal, customers leave the site they are visiting and are transported to the PayPal site. With Stripe, and others, they can be set up so that the customer does not have the impression that they are leaving the merchant site. I am currently using PayPal, but would like to have customers stay on my site. To make that work, your merchant site must have a secure socket. All that being said, I appreciate the education!

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

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