Despite its gigantic footprint in the payments industry, Bank of America isn’t really bringing anything spectacular to the table. Its merchant rates are hardly competitive, and if anything, BofA can add strict contractual agreements that hide behind its dinner-table name recognition.
Despite some areas of needed improvement, Heartland’s services are surprisingly comprehensive, seamlessly blending tools for a brick-and-mortar location, eCommerce businesses of all kinds, and mobile enterprises. The problem is that its current payment structure seems to lead to some trouble with salespeople not properly disclosing fees, which causes problems further down the line.
Aside from payment processing, Gravity’s biggest proprietary draw is the reporting and analytics software it offers. I love to see this sort of built-in software — it’s reminiscent of Square and Stripe. What’s more, Gravity offers consultations to help you choose a POS. The company also offers to set you up with a gift card/loyalty program (again, via a partner), as well as PCI compliance services and working capital.
Payment Depot is best known for its use of subscription or membership-based pricing, a spinoff of the interchange-plus model. While it isn’t the only provider in the industry to offer this type of pricing, Payment Depot’s reputation for open, honest sales practices and excellent customer support put it ahead of many of its competitors using this relatively new pricing model.
Pros Offers high-quality terminals and POS systems Cons Payments greatly exceed value of equipment over full lease term Contract terms up to four years Lease is noncancelable Early termination requires paying out all remaining months of contract Poor customer service and support Overview First Data Global Leasing (FDGL) is the leasing division of mammoth processor […]
Square Invoices is a free invoicing solution built-into the Square platform so that you can quickly bill clients, track down invoice payments, and manage your sales all in one place.