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5 Best Credit Card Processing Companies For Startups In 2024

All of these processors are well suited for startups, are easy to sign up for, and have no contracts, but none of them take on high-risk businesses.

    Davina Ward
  • Last updated onUpdated

  • Frank Kehl
  • REVIEWED BY

    Frank Kehl

    Senior Staff Writer

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Choosing credit card processing for startups can be challenging since there are so many options on the market.

We reviewed dozens of credit card processing companies for startups based on costs, contract length, POS hardware options, and online payment options to help you choose the best credit card processing company for your startup.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
CDGcommerce

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  • Best hybrid model
  • Multiple processing plan options
  • Support for some high-risk industries
  • Best hybrid model
  • Multiple processing plan options
  • Support for some high-risk industries

Visit Site

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Square

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  • Best for startups with physical locations
  • Flat-rate processing starting at 2.6% + $0.10
  • Multiple POS hardware options
  • Best for startups with physical locations
  • Flat-rate processing starting at 2.6% + $0.10
  • Multiple POS hardware options

Visit Site

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Stripe Payments

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  • Best for eCommerce businesses
  • Flat-rate processing at 2.9% + $0.30/online transaction
  • Strong support for international payments
  • Best for eCommerce businesses
  • Flat-rate processing at 2.9% + $0.30/online transaction
  • Strong support for international payments

Visit Site

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Helcim

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  • Most scalable option
  • Interchange-plus pricing
  • Excellent customer service
  • Most scalable option
  • Interchange-plus pricing
  • Excellent customer service

Visit Site

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Dharma Merchant Services

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  • Best for businesses with larger sales volumes
  • Interchange-plus pricing
  • Strong support for non-profit organizations
  • Best for businesses with larger sales volumes
  • Interchange-plus pricing
  • Strong support for non-profit organizations

Visit Site

Read More

Show Fewer Options

Read more below to learn why we chose these options.

How Does Credit Card Processing Work For Startups?

Credit card processing, also called payment processing, is a way for startups to take digital payment types such as debit and credit cards, digital wallets like Google Pay, eChecks, and even cryptocurrency.

There are three types of credit card processing providers: traditional merchant account providers, payment service providers, and hybrid payment processing providers.

Let’s quickly go over some business and pricing models used by payment processors and which one may be right for your startup.

Merchant Account Providers

A merchant account is a bank account where funds from your transactions are deposited until they can be transferred to your regular business bank account. Merchant accounts are ideal for startups with a reliable monthly income, high-risk businesses that need to work with a high-risk payment processor, and startups looking for the added security measures that come with a dedicated merchant account.

Merchant account providers require you to give a lot of your company and personal financial records just to apply for an account. It might be a little difficult for a new company to get approved, but once you are, your credit card processing tends to go fairly smoothly.

This model also has the most variation in pricing and contract terms, so you can either get a great deal or a really bad one. This is why it’s important to do rigorous research before choosing a credit card processing company.

Payment Services Providers

Merchant accounts are not for everyone, especially for startups with low monthly sales volumes, since merchant account payment processing costs are geared toward larger businesses. Plus, some merchant account providers require you to process a minimum amount of sales every month and pay extra fees for things like PCI compliance.

You can accept credit card payments without a merchant account using a payment services provider such as Square or Stripe.

With payment service providers, also known as third-party payment processors, you can sign up for an account and start processing payments right away. The best payment service providers offer monthly contracts with no early termination fee, which is not common among merchant account providers. Plus, you typically get more free features such as POS software and an online store builder by signing up with a payment services provider.

However, since payment services providers don’t do extensive credit and background checks, they are extremely cautious about money moved through them.

That means if you do something out of the ordinary in your processing such as processing a large order, the provider may place a hold on your account and you won’t be able to withdraw money. In extreme cases, a provider may suddenly terminate your account, but this is a rare experience for most startups.

Most payment service providers charge flat-rate payment processing fees. This payment processing model works well for low-volume businesses processing less than $5,000 per month.

Hybrid Model

Some credit card processors started using a hybrid model that combines the quick approval of a third-party payment processor with the stability of a merchant account. This model may be good for startups with little to no financial history since you can sign up without providing financial records and build a financial history while using the payment processor. Eventually, with your newly built financial history, you can provide your business records and get approved for a merchant account.

Typically, the payment processor will charge one payment processing rate for the quick-signup type of account and a different rate after you move to a merchant account.

Note: With a quick-signup account, a merchant can immediately start processing payments but likely will have a per-transaction/per-day dollar limit. This is to encourage you to provide financial records and move onto a merchant account as quickly as possible.

While this new model sounds ideal in many ways, we’re still gathering data on how well it works. However, the processors we recommend below that are using the hybrid model are highly rated.

5 Best Credit Card Processing Companies For Startups

Credit card processing companies for startups have easy signups, affordable processing fees, month-to-month billing, and POS hardware purchasing options.

The best credit card processing companies for startups include:

Compare The Best Payment Processing Companies For Startups

Account Types Offered Ideal For Monthly Fees Flat-Rate Payment Processing Interchange-Plus Payment Processing
CDGcommerce Hybrid Midsize/large businesses, nonprofits, high-risk $0-$199
Square Payment Services In-person transactions $0-$60
Stripe Payment Services eCommerce $0
Helcim Merchant B2B/B2G and service businesses $0
Dharma Merchant Nonprofits, large businesses $15

CDGcommerce: Best Hybrid Model

Total Rating 4.7
Fees & Rates4.6

Products & Services5.0

Contract5.0

Sales & Advertising Transparency5.0

Customer Service3.5

User Reviews4.9



Pros

  • Interchange-plus and subscription billing available
  • Free payment gateway and virtual terminal
  • Month-to-month billing with limited fees
  • Excellent customer service and support

Cons

  • Only available to US-based merchants
  • Flat-rate payment processing rates are high

Why We Chose CDGcommerce As The Best Hybrid Model

We chose CDGcommerce as the best hybrid model credit card processing company for startups because of its pricing flexibility, scalability, and comprehensive feature set with lots of freebies. You can sign up with CDGcommerce and start processing quickly, just like a third-party payment processor, but you can eventually get a merchant account through them as well. CDGcommerce offers three types of pricing plans, each optimized for the growth stage of your business.

CDGcommerce has the hardware and software to cover the processing needs of businesses with a physical store and an online store, plus processing services that can work with a variety of third-party hardware and software.

You also get the option to buy POS hardware outright, free payment gateway options for eCommerce via the company's proprietary Quantum Gateway or Authorize.Net, and a virtual terminal.

CDGcommerce Pricing

CDGcommerce offers multiple plan tiers depending on your business’s processing volume, including:

  • Flat-Rate Payment Processing: 2.9% + $0.30 for in-person payments; 3.5% + $0.30 for online payments
  • Interchange-Plus Payment Processing: 0.25% + $0.10 for in-person payments; 0.30% + $0.15 for online payments; 0.2% + $0.10 for nonprofits (CDG’s rates on top of interchange fees)
  • Wholesale Membership: $49-$199/month (billed annually) + interchange + $0.05-$0.10 per transaction

Flat-rate payment processing plans are for businesses processing less than $10,000 per month.

Note: While CDG’s flat-rate payment processing is higher than other providers, you do get lots of freebies like a loyalty program, eCommerce store, invoicing, credit card terminal, and nonprofit campaign management that other providers do not offer. You get these free features on all plans.

Businesses processing between $10,000 and $200,000 per month will benefit most from interchange-plus payment processing. Interchange-plus payment processing is a payment processing model where you pay a provider a per-transaction fee in addition to interchange fees, which are charged by card issuers like Visa and Mastercard. It’s more transparent than flat-rate payment processing and works better for midsized businesses.

Large businesses processing over $200,000 per month can get a membership-based pricing plan that eliminates the per-transaction percentage fee in exchange for a single monthly subscription fee.

CDGcommerce has also eliminated many of the excessive fees that other providers charge, including account setup fees, PCI compliance fees, and monthly minimums. The company charges no fees beyond the transaction fee and a fixed monthly or yearly fee. Other services, such as invoicing, subscription billing, and similar options, are also available for an added fee.

CDGcommerce Features

New businesses will find that CDGcommerce offers comprehensive processing services, including those for eCommerce and brick-and-mortar businesses. Here’s a look at CDGcommerce’s services and features:

  • Offers membership, interchange-plus, and flat-rate pricing
  • Full-service merchant accounts
  • Free virtual terminal (with an annual maintenance fee of $79)
  • $100,000 breach protection plan options
  • Customer management and tracking reports
  • Integrated scheduling and appointment-setting tools
  • Support for nonprofit donations and campaigns
  • Customer loyalty management, including promotional texts and emails
  • Built-in customer invoicing

Get Started With CDGcommerce

Read our in-depth review

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Square: Best For Startups With Physical Locations

Total Rating 4.8
Fees & Rates5.0

Products & Services4.7

Contract4.3

Sales & Advertising Transparency5.0

Customer Service4.9

User Reviews4.9



Get a free card swiper from Square at no cost when you create a free account. Claim your card reader.

Pros

  • Predictable flat-rate pricing with no monthly fees
  • Ideal for low-volume merchants
  • All-in-one payments system
  • Affordable chip readers

Cons

  • Account stability issues
  • Proprietary hardware

Why We Chose Square For Startups With Physical Locations

We chose Square for startups with physical locations because Square POS software and hardware options, affordable payment processing fees, and ease of use can help new businesses easily accept card payments in person without locking them into long-term contracts. You can also take payments through a free Square Online store, monitor your inventory, and manage your employees through a free or low-cost Square plan.

Square offers a variety of POS hardware options for mobile and in-store use. This includes the $69 Square card reader and more expensive registers. All Square hardware is proprietary, so you can't use it if you move to a different credit card processing company.

While Square is a great option for startups, it's possible to outgrow. It may be best to stick to Square's basic features and avoid buying too many add-on services to save money if you decide to switch processors later on.

Related: Read our Square POS review for more information on what Square can offer for retail, restaurant, and service industries.

Square Pricing

Square offers free and paid plans. Paid plans have more POS features and lower payment processing fees, so businesses with steady sales should upgrade to a paid plan.

Square offers the following payment processing rates:

  • In-Person Payments: 2.5%-2.6% + $0.10
  • Online Payments: 2.6%-2.9% + $0.30
  • Invoice Payments: 3.3% + $0.30
  • Keyed-In Transactions: 3.5% + $0.15

For same-day deposits with Square, you’ll be charged 1.75%.

Square also offers custom pricing for businesses processing over $250,000 in annual sales with a $15.00 or over-average ticket size. You’ll also have the option to purchase Square’s hardware or add-on features.

There’s no monthly minimum amount you must charge through Square.

Square Features

For startups with physical locations, Square offers a solid entry into the world of payment processing. Here’s a look at Square’s most notable payment processing features:

  • Distinct POS software plans for retail, restaurant, and service-based businesses
  • Robust analytics and reporting dashboard
  • Multiple Square POS hardware options
  • Square Online store for online businesses
  • Card readers that can read both NFC and EMV chips
  • ACH payment processing
  • Afterpay buy-now-pay-later app and cryptocurrency payment acceptance
  • PCI compliance
  • Create and verify new accounts on the same day

Related: Read our Square POS hardware guide to help you decide which Square card reader and POS display options are right for your startup.

Get Started With Square

Read our in-depth review

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Stripe: Best For eCommerce Businesses

Stripe Payments

Total Rating 4.7
Fees & Rates4.7

Products & Services4.5

Contract5.0

Sales & Advertising Transparency5.0

Customer Service4.5

User Reviews4.1



Pros

  • Excellent developer tools
  • Predictable flat-rate pricing
  • Advanced reporting tools
  • Excellent marketplace and subscription tools

Cons

  • Account stability issues
  • Needs technical skill to implement

Why We Chose Stripe For eCommerce Businesses

We chose Stripe because we feel that its flat-rate pricing, transparent fees, easy signup, and extensive support for international payments make it a great option for startups operating eCommerce shops.

Compared to Square, Stripe is better for an online/eCommerce business because it has a robust number of integrations for use at your web store's checkout or in-app purchases. However, this also means that, unless you're a programmer yourself, you may need to hire someone to help you integrate anything from Stripe.

Stripe also has an international reach, able to take or convert international currencies to US dollars. If you plan to start an online-only business and know that you want a sophisticated-looking web store that you're willing to hire someone to build, Stripe can be highly customized to support your preferred payment flows.

Stripe Pricing

As to pricing, Stripe charges 2.9% + $0.30 per transaction. This is flat-rate pricing with month-to-month billing and no long-term contracts.

Stripe also offers the option to purchase the hardware for in-person transactions outright instead of having to deal with leases that ultimately cost more. Best of all, because the hardware is not proprietary, you might be able to reuse it if you change processors.

In-person payments through Stripe Terminal cost 2.7% + $0.05 per transaction. Stripe’s other account add-ons and fees are well documented, so you’ll be able to estimate those costs before settling on Stripe.

Stripe Features

Stripe is one of the biggest players in the payments industry and has been for quite some time. During its long reign at the top, Stripe has accumulated a full suite of payment tools, software, and hardware for both brick-and-mortar and eCommerce businesses of all sizes. Here’s a look at some of Stripe’s standout features:

  • Flat-rate pricing and flexible pay-as-you-go billing
  • Developer tools and Stripe APIs for customizable payment flows
  • ACH payment processing on every account
  • Fully integrated Stripe Payments platform
  • Stripe Virtual Terminal for eCommerce
  • Anti-fraud protection through Stripe Radar
  • Optional instant payout
  • Range of unique payment options including Buy Now, Pay Later, international payments, and 3D Secure authentication

Get Started With Stripe Payments

Read our in-depth review

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Helcim: Most Scalable Option

Total Rating 4.9
Fees & Rates5.0

Products & Services4.4

Contract5.0

Sales & Advertising Transparency5.0

Customer Service4.8

User Reviews4.5



Pros

  • Interchange-plus processing rates used exclusively
  • No long-term contracts
  • Excellent customer support
  • Lower payment processing fees on B2B/B2G transactions

Cons

  • Not available to high-risk merchants
  • Basic inventory management
  • Not many third-party business software integrations

Why We Chose Helcim As The Most Scalable Option

We believe Helcim is the most scalable payment processing option because every business, no matter the size, gets a free merchant account with transparent interchange-plus payment processing rates that automatically decrease as your monthly sales volumes increase.

There are no monthly, annual, or PCI compliance fees with Helcim accounts. You also get access to all of Helcim's software for free, including its POS software, invoice builder, online store builder, cash discount program, and new AI-powered transaction data capture, which will help you lower your payment processing fees on B2B and B2G transactions (more on this later.) Plus, Helcim offers an extremely affordable mobile POS system, the Helcim Smart Terminal.

Unlike many competing providers, Helcim provides excellent customer service. So, even when issues arise, we fully expect them to help you resolve problems quickly and to your satisfaction.

Related: Read our Helcim POS app review to help you decide whether this free POS system is right for your business.

Helcim Pricing

With Helcim, all you’ll pay for is payment processing and, if you want one, the company’s handheld POS system. There’s also a $15 chargeback fee in case of chargebacks, but the company will refund the $15 to you if you win a chargeback dispute.

Helcim provides in-person and online interchange-plus payment processing rates for all businesses which depend on your industry, monthly sales volumes, average ticket value, and card mix. In general, as long as you make over $1,000/month and have an average ticket size of at least $50, Helcim will be more cost-effective than a flat-rate payment processor like Square.

Note: Helcim placed a custom payment processing rate calculator tool on the company’s pricing page so you can get a payment processing fee estimate before even signing up for a Helcim account.

Helcim also offers an AI-powered tool now that can help businesses taking B2B and B2G transactions lower their payment processing rates by up to 25% just by capturing more transaction data (more on this tool below.)

The Helcim Smart Terminal all-in-one POS interface and card reader costs $329 and can be financed, while the Bluetooth card reader that connects to the Helcim POS costs $99.

Related: Read our Helcim Smart Terminal review to learn more about this handheld POS system’s features and specs.

Helcim Features

Helcim’s suite of free features works for very small startups and continues to work when you reach enterprise levels. These features include:

  • Free merchant account with no long-term contracts
  • No monthly, setup, or PCI compliance fees
  • Transparent fee disclosures
  • Virtual terminal for online payments
  • Online store builder
  • ACH payment manager
  • Built-in inventory management
  • Subscription and invoice manager
  • Helcim POS app, which works on any device
  • Affordable handheld POS device
  • Support for international transactions
  • Cash discount program to pass credit card processing fees to customers
  • Automated Level 2 and 3 card data capture (e.g. zip code, freight and duty information, commodity codes) using AI

Automated Level 2 and 3 card data capture reduces payment processing fees because the card-issuing banks lower interchange rates when you give them more transaction information. This is a great feature for B2B and B2G businesses that include more transaction information such as tax IDs and accept Level 3 interchange eligible credit cards.

Get Started With Helcim

Read our in-depth review

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Dharma Merchant Services: Best For Businesses With Larger Sales Volumes

Dharma Merchant Services

Total Rating 5.0
Fees & Rates5.0

Products & Services5.0

Contract5.0

Sales & Advertising Transparency5.0

Customer Service4.8

User Reviews4.5



Pros

  • Interchange-plus pricing offered exclusively
  • No early termination fees, monthly minimums, or early termination fees
  • Discounted processing rates for non-profits
  • Month-to-month billing

Cons

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

Why We Chose Dharma Merchant Services For Businesses With Larger Sales Volumes

Dharma is one of our favorite merchant account providers for startups because of its long-standing reputation for fair and reasonable prices and commitment to educating merchants about the world of payment processing.

As with all the recommended processors in this article, Dharma has no long-term contracts/early termination penalties. You can buy equipment outright if you run a physical store, and it provides a free virtual terminal. The company has excellent customer service as well, to help you through rough spots as you get everything up and running.

Dharma donates a significant percentage of its profits to charity and is one of the best credit card processors for nonprofits.

Like Helcim, Dharma is not built for low sales volumes. The company has a general cost estimator on its website to help you get a rough estimation of your total fees that you can compare to other payment processors to get an idea of when you should switch to Dharma.

Dharma Merchant Services Pricing

Dharma uses interchange-plus pricing, which is the most transparent type of pricing structure in the processing industry. The company doesn’t charge annual merchant service fees, account update fees, early termination fees, or PCI compliance fees.

It also doesn’t have a monthly minimum, which is good for seasonal businesses. The fees that Dharma does charge are fully disclosed on its website.

Dharma Merchant Services charges the following fees:

  • $15/month account fee
  • Interchange + 0.2% + $0.11 per card-not-present transaction
  • Interchange + 0.1% + $0.11 per card-not-present transaction (nonprofits)
  • No gateway fee for integrated payment gateway (MX Merchant)
  • $10/month for recurring billing (MX Merchant)
  • $20/month for B2B payment processing (MX Merchant)
  • $49 account closure fee

Note: Interchange fees are based on $10,000/month sales volumes. There are volume discounts for merchants processing $100,000/month or more.

Dharma Merchant Services Features

Dharma Merchant Services is an all-around solid contender in the payment processing industry and stands out as an affordable option with excellent customer service. However, Dharma Merchant Services also stands out for its impressive feature set, including:

  • Merchant accounts offered through TSYS or Fiserv
  • Wide variety of credit card terminals, including QuickPay virtual terminal
  • Clover POS system compatibility
  • Full-fledged credit card surcharging program
  • Interchange-plus pricing with month-to-month billing and no early termination fees
  • Excellent customer support
  • Discounted processing for qualified non-profit organizations, plus donation pages and event registration
  • Supports invoicing and recurring billing
  • B2B payment processing

Related: Read our Clover POS review to get a better idea of the type of registers available to Dharma merchants.

Get Started With Dharma Merchant Services

Read our in-depth review

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Payment Processing Rating Methodology

Merchant Maverick has been researching the payment processing industry since 2009. Our writers have reviewed hundreds of credit card processors, merchant account services, and mobile payment apps, evaluating each provider carefully on several different metrics.

When comparing different payment processing companies and applications to one another, we consider numerous data points. Our experts start by comparing credit card processing rates, the presence of additional fees, contract length, sales practices, and the presence or absence of additional features and services, like point of sale software. Each provider is judged on its own merits and how well it stacks up to industry standards; then it is weighed against the other providers on the list.

We spend an average of 10-15 hours researching and updating each one of our lists, making sure every company or application included meets our internal standards for quality and reputation. Any list of recommended payment processors on our site might contain a mix of standard merchant accounts, third-party payment processors, mobile payment devices, and high-risk payment processors, depending on what our expert feels is the best fit for certain scenarios or business types.

For additional details about Merchant Maverick’s review and rating processes, please refer to any or all of the following methodology pages:

15

Years reviewing payment processors

100+

Providers evaluated

25

Attributes and features assessed per vendor

40+

Years combined experience


What To Watch Out For When Searching For A Credit Card Processing Company

The credit card processing industry is complex, both in how the industry is organized and also in the way the services are packaged and sold to merchants. Because of its complicated pricing structure, it’s easy — both for the merchant and sometimes the sales staff — to become confused about how a merchant is charged. Many dangers spring naturally from the complexity of the situation itself.

However, because a large number of sales personnel in the industry are independent sales agents who don’t get paid until they sign a merchant and even might receive bonuses based on their number of signups — some folks are unscrupulous enough to try to trick you. We’ve seen a lot of complaints about that, both on our website and on sites such as the Better Business Bureau.

So with these things in mind, here are some dangers to be careful about when you pick your processor:

  • Long-Term Contracts: As you operate, you’ll come across unexpected things, requiring you to adjust to keep your business going, and a long-term contract can complicate these adjustments. Fortunately, you’ll have plenty of processors with short-term contracts to choose from.
  • Early Termination & Cancellation Fees: Processors may charge early termination fees in addition to cancellation fees. As a new business owner, you are especially vulnerable to having to terminate early, so be careful about early termination fees and ask about them if they’re not mentioned by the salesperson.
  • Leasing Arrangements: Leasing hardware can lead to you paying several times the sale price for the equipment over the lease term. Some leases are not cancellable and are even longer than processing agreements with high buyout costs. You’d be better off with a small business startup loan so that you can buy the equipment
  • Proprietary Hardware/Software: You may buy proprietary hardware and software from a processor, which means you won’t be able to reuse them if you switch processors. If you buy hardware or enter data into software, try to ensure that it’s not locked to other processors.
  • Pushy Sales Agents: Always verify for yourself what the sales staff said and, if necessary, make them put everything down in writing and attach it to the contract — otherwise, you risk terms being those terms being nullified. If you detect any pressure sales tactics, think about finding another processor to work with. There’s no way to accept credit card payments instantly.
  • Bad Customer Service: A pleasant and knowledgeable customer service person who can quickly help you resolve your problem is worth their weight in gold. Anything less can make an already bad situation worse. This is why we always pay attention to customer service when we rate processors on this website, so be sure to take this into account when considering your processor.
  • Hidden Fees: The credit card associations (Visa, Mastercard, American Express, Discover, etc.) like to pass their costs downstream — usually, to you. Some of these costs, called assessment fees, are charged every time, but other fees are per-incident charges that you don’t see unless some triggering event happens. No business likes to be surprised by extra charges, so be sure to understand if/how you’re charged these fees before you sign with a processor.
  • “Free” Anything: Free credit card processing is mostly a myth. In the credit card industry, watch out for “free” card terminals or readers because, often, they’re used to get you to sign a longer contract or purchase more services. This is not to say all free offers are bad — just make sure you read and understand the fine print.
  • Misleading Pricing Structure: The majority of misleading pricing falls under “tiered pricing structure” plans that depend on what type of card your customers use and how they charge or plans with tons of miscellaneous charges that you won’t see until you get your first billing summary. (You don’t get an invoice with credit card processing. The processor has already taken all their charges before you’re allowed to take the money out.) If you offer a low-margin product or service, you must understand the pricing structure before you sign with a processor.

Which Credit Card Processor Is The Best Fit For My Startup?

When you’re starting a new business, there are just two paths you can follow when setting things up:

  1. Do the minimum to get the business up and running, so money can start coming in, then go back to make more permanent adjustments when you have the time, or
  2. Do everything right the first time

Any successful business will do both at various times for various things. The question is, which path should you follow for credit card processing?

The answer comes down to personal preference. With the way we picked our recommended processors for this article, you can take either approach without getting yourself into permanent trouble. These processors all have month-to-month contracts, so you can change processors at any time. They’re also all highly rated, so there’s very little chance that you’ll go wrong with any of them. And if you’re the do-it-right-the-first-time kind of person, we recommend you start with our guide to credit card processing rates and fees.

If you have any adventures (or misadventures) setting up your credit card processors, please share them below. We’d be interested in finding out whether our recommended processors worked out for you.

FAQs: Credit Card Processing For Startups

How do I add credit card processing for a new business?

To add credit card processing to your new business, you’ll need to sign up with a credit card processing company or full-service merchant account offering credit card processing.

Can I process credit cards for my new high-risk business?

You can use a high-risk credit card processing company like PaymentCloud, National Processing, Durango Merchant Services, Host Merchant Services, Soar Payments, or Easy Pay Direct to process credit cards for your new business.

How much does credit card processing cost?

Credit card processing costs vary greatly depending on the payment processor you choose, their pricing structure, and your monthly processing volume. However, the average credit card processing fee ranges from 1.46% + $0.05 to 2.96% + $0.10 per transaction.

What is the cheapest way to accept credit card payments?

The cheapest way to accept credit card payments is to utilize the services of a cheap payment card processor, such as Square, National Processing, PaymentCloud, Host Merchant Services, Dharma Merchant Services, Helcim, Stripe, and Chase Payment Solutions.

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Davina Ward

Davina Ward

Senior Staff Writer
Davina joined Merchant Maverick in 2022, covering small business payroll and accounting. She began writing for small businesses in 2018 and has since gained expertise in the SaaS industry. She earned her Bachelor’s of Arts in English Literature from SUNY Geneseo in 2018. She currently resides in New York.
Davina Ward
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