The Best Merchant Services of 2023

However, higher-volume sellers can save on credit card processing costs with interchange-plus or tiered pricing. Some roll all of these services under a monthly account or subscription fee.

Although there is no built-in receipt printer, Helcim https://intuit-payroll.org/s email receipts. However, Helcim does not work with high-risk businesses, such as cannabidiol or vape shops. If you need a high-risk merchant account for your storefront, PaymentCloud might be your best choice. Stand-alone mobile POS that can take orders, accept card payments, and issue receipts with built-in printer.

Chase Payment Solutions: Best Merchant Account Through a Bank

Another benefit of choosing Payment Processing & Merchant Services For Small Business One is 24/7 customer support for all customers. Other features include dashboard customization for various business types, the ability to use QR codes for payment, and bookkeeping features that make recordkeeping easy for businesses of all sizes. Clover is another great pick for small business owners whose top priority is flat-rate pricing, especially those in retail industries.

• It offers instant invoicing, advanced reporting, customer management features, same-day funding, and syncs with Quickbooks.
• Stripe is a payment processor with sophisticated software and APIs ideal for online businesses that want to create a custom checkout solution.
• To learn more or get started with digital invoicing speak to a Merchant Services specialist today.
• However, this may change in the future as Stripe continues to invest in its no-code and hardware products.
• For example, PaySafe lets merchants accept more payment types than any other processor, including cash and transactions in over 100 international currencies.

The price remains the same whether you are using your own certified virtual terminal solution or a virtual terminal purchased through Wells Fargo. When using a POS device, there may be additional costs for software, apps, or wireless access. No application fees, no monthly minimums, and no early termination or cancellation fees. Terms and conditions apply, so be sure to read your contract for full details.

Best for Online and In-App Payments

Some processors have a monthly minimum, which means you’re required to process enough sales each month to generate a certain dollar amount in processing fees. If you rarely accept credit cards, you don’t yet know how much you’ll process each month or you have a seasonal business, you shouldn’t work with a processor that charges this fee. Choosing a credit card payment service entails evaluating credit card processing fees, approval rates, equipment and more. Established in 2001, Merchant One is a credit card processing company that uses a traditional tiered fee structure. It offers the lowest monthly pricing we’ve come across so far at $6.95 per month, plus low processing rates. Merchant One’s competitive rates range from 0.29% to 1.55% for swiped transactions and 0.29% to 1.99% for keyed-in transactions.

In addition to its traditional POS system, it has specialized versions for retailers and restaurants. It also integrates with over 500 third-party apps to let you seamlessly run your entire operation.

Benefits of using Union Bank merchant services

It integrates with hundreds of business software applications, including e-commerce platforms. E-commerce is booming, and small businesses will increasingly need to accept different forms of payment.

Most tiered plans also require lengthy contracts and charge early termination fees if you want to change plans or providers. Clover offers simple flat-rate credit card processing fees that range from 2.3% plus 10 cents for swiped transactions to 3.5% plus 10 cents for keyed-in transactions. Founded in 2007, National Processing offers affordable subscription pricing for $9.95 per month with flat-rate interchange-plus transaction fees and a free mobile credit card reader.

PayPal Pricing

Merchant One, previously a reseller of Clover hardware, was recently purchased by Clover parent Fiserv. This means that you get a payment network with an integrated POS hardware partner. Equipment can be as simple as a single Bluetooth-connected mobile reader or as complex as a multilocation POS system with multiple stations. It may be important to you that your customer-facing equipment is attractive and easy to use, as with a touch screen. Our Merchant One review provides more information about the company’s features, services, and software integrations. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

• Virtual terminals are helpful for phone sales or as a backup if a terminal or card reader isn’t working properly.
• Similar to Square, Stripe uses a flat-rate fee structure but with slightly lower rates per transaction for in-person and keyed-in credit card payments.
• You also pay a low 7 to 15 cents per transaction plus the interchange rate.
• The price remains the same whether you are using your own certified virtual terminal solution or a virtual terminal purchased through Wells Fargo.