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Six Signs Your Small Business Needs To Switch Payment Processors

    Frank Kehl
  • UPDATED

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Frank Kehl

Frank Kehl

Expert Analyst & Reviewer at Merchant Maverick
Frank Kehl has been researching and analyzing merchant services, payment gateways, and international money transfer services since 2015. He has a Bachelor of Science degree from Penn State and a Juris Doctorate from the Ventura College of Law.
Frank Kehl
View Frank Kehl's professional experience on LinkedIn.

We've done in-depth research on each and confidently recommend them.

We've done in-depth research on each and confidently recommend them.

2 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.

    Tammy

    My first experience with merchant processing came from having had a small gift basket business about 20 +/- years ago. I had the very unfortunate luck of meeting a First Data rep at a network gathering. As an inexperienced business owner, I was very unaware of the questions I should have asked at the time, and had to fight a very good fight to be released from my contract with them.

    Fast forward 10 years. I again found myself in the position of needing merchant processing in a different field of self-employment. My initial processor did their best to be competitive, but I eventually determined that, for my purposes, QuickBooks payment processing made the most sense for me. At the time, I paid a flat 3% monthly fee on my transactions, which was slightly higher than what most processors quoted, but it was CONSISTENT. Anyone that has owned their own small business knows how stressful it can be when you’re first starting out and you’re not sure whether you can meet your obligations from month to month. In spite of the fact that their fee was initially slightly higher from what their competitors were offering, I felt confident in my relationship with them because I didn’t have to worry from month to month about the unexpected surprises I might have to face. There’s more value than most realize in the peace of mind that comes from that kind of relationship.

      This comment refers to an earlier version of this post and may be outdated.

      Sarah

      This is quite the information! Thanks for providing such an in-depth review of different payment merchants. With a few options on the market, it’s good to be able to get a clearer idea of the differences and benefits these guys offer. Thanks again and keep up with the great content!

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

      Comments are closed.

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      Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

      Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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