Articles
Top 21 Payment Processing Companies
by Mohit Y. Marketing ConsultantNote:- This content is originally published on NerdWallet.
NerdWallet selected these top payment processing companies based on a variety of key factors including fair rates, transparency, customer service, useful features, ubiquity and global reach. The best choice for your small business depends on your industry, average sales and transaction sizes, as well as whether you're prioritizing in-store or online sales. Here are our top picks.
» MORE: Best POS systems
Best overall payment processor
1. GETTRX
In-person payments: Interchange plus 0.3% and 8 cents per transaction for businesses with $25,000 or less in monthly card transactions.
GETTRX ZERO**Eliminate 100% of your processing fees** ->Only $29 Per Month >Zero Processing Fees for all card types. >Free Processing Equipment. >24/7 US Customer Service and Tech Support. >Fast Approval.
Why we like it: With its volume discounts, transparent interchange-plus pricing and quick setup, GETTRX is one of the best payment processors for small businesses. Businesses aren’t locked into a contract and can cancel the service whenever they want with no penalties. The merchant account provider doesn’t come with a monthly subscription charge, and there are no setup fees.
Best all-in-one payment processors
2. Square
Pricing:
Tapped, dipped and swiped in-person payments: 2.5-2.6% plus 10 cents per transaction.
Card-not-present transactions: 3.5% plus 15 cents.
E-commerce transactions: 2.9% plus 30 cents.
Why we like it: Like Helcim, Square has no cancellation fees, PCI compliance fees, setup fees or monthly subscription charges. With its own hardware options, free point-of-sale software, free mobile card reader and accounting integrations, the platform is an excellent choice for business owners who value convenience and want an all-in-one system.
For more information, read NerdWallet’s review of Square.
3. Clover
Pricing:
In-person: transactions: 2.3% to 2.6% plus 10 cents; monthly fee depending on the plan.
Keyed-in transactions: 3.5% plus 10 cents; monthly fee depending on the plan.
Why we like it: In addition to offering POS hardware and software, Clover also handles payment processing, making it another worthy all-in-one solution for small businesses. Its flat-rate pricing varies depending on the software plan but in-person transaction rates start at 2.3% plus 10 cents. While it’s a convenient option, its software plans do come with a monthly fee.
