There are so many processing companies, they all seem to be doing more or less the same thing, and they all have both glowing testimonials and terrible complaints. How are you supposed to choose the best company under these circumstances? Who can you trust? Read on to find out.
While merchant account fees are definitely irritating (and expensive!), they're often an inevitable cost of doing business. Even if you sign up with a payment service provider like Square that doesn't charge monthly fees, you'll still be paying the costs associated with maintaining your account in the form of higher transaction processing rates.
Credit card surcharging has rapidly gained in popularity in recent years as court decisions, and legislative changes have gradually removed legal barriers to the practice. The ongoing COVID-19 pandemic has greatly accelerated this trend. Nonetheless, the question remains: Should you add a surcharge?
There's a lot to love about Helcim. What we love is that you won't have to worry about the bait-and-switch tactics and long-term, binding contracts that plague the industry. Helcim distinguishes itself from many other providers by offering no binding contracts, exclusive interchange-plus pricing, consistently good customer service, and low account fees.
Choosing a high-risk merchant account provider isn’t the same as working with other payment processors. You can expect different pricing and contract terms — but you shouldn’t compromise on customer service. Here are six great providers that offer great service, fair pricing, and reasonable contracts for small businesses.
Free credit card processing sounds great, but the fact is, it’ll never be completely free. You’ll always have some fees to cover on your own, plus you need to consider whether it’s actually a good fit for your business model. Here’s what you need to look for.
Despite what Visa and Mastercard’s advertising would have you believe, most businesses accept American Express cards. However, for merchants looking to add Amex to their repertoire of payment options, the company has been a challenge. In this article, we’ll take a closer look at American Express’ fees and processing rates.
Soar Payments Review specializes in finding credit card processing homes for hard-to-place (that is, high-risk) merchants with refreshing transparency.
Easy Pay Direct is a payment gateway and merchant account provider that serves a wide variety of high-risk and low-risk industries.
SumUp’s free mobile processing app isn’t a good substitute for a full POS system, but for small businesses that only need basic POS features and on-the-go credit card processing, it’s definitely a contender.
PaymentCloud provides payment processing solutions for eCommerce, mail order/telephone order (MOTO), and other generally high-risk businesses. Although PaymentCloud serves lower-risk and brick-and-mortar establishments, this merchant services provider shines in the eCommerce and mid-to-high-risk space.
eMerchantBroker is a merchant account provider that specializes in offering credit card processing services to a wide variety of industries that are usually classified as being high-risk by traditional banks and credit card processors.
Unless you’re running a purely eCommerce business, you’re going to need a credit card terminal to accept credit cards. If your business is large enough, or if you operate out of multiple locations, you might need more than one. Credit card terminals come in many shapes and sizes, from simple wired terminals that aren’t much […]
Host Merchant Services offers a full range of products and services for just about any type of business.
Of course, everyone’s experience with a particular processor won’t be the same. It’s important to weigh the complaint volume of a company against its processing volume. A processor serving a hundred thousand merchants with 100 complaints is a much different scenario from a processor serving ten thousand merchants with 100 complaints. That being said, a processor with a lot of complaints about the same issue should be an immediate red flag.
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
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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