If you’re a small business, then you know that having a credit card payment option for your customers is a must in today’s society. The option helps increase sales and makes it easier for customers to purchase goods. However, choosing the right credit card processing company can be a daunting task. To make the search easier, check out the list below for the current top five processing companies.
- Flagship Merchant Services
This company provides services to traditional small businesses that don’t operate on the Internet, as well as online merchants, and accepts all major credit cards. Flagship offers month-to-month agreements and doesn't require start-up fees or cancellation fees. 24/7 toll-free and email customer service is available to customers. Flagship does require a monthly fee of $7.95, a fee of $15.90 for online merchant accounts, 19-cents per card-present transaction, and 21-cents per online transaction. - CreditCardProcessing.com
Credit Card Processing offers no up-front costs, no cancellation fees, and no contract terms. They also provide an easy-to-fill-out application and same day setup on approvals. It accepts major credit cards and will provide your small business with a free card reader. This service charges $7.95 for each monthly statement, a gateway fee of $7.95 for online accounts, and a 20-cent fee per transaction. CreditCardProcessing.com also provides 24/7 support either by email or phone. - Leaders Merchant Services
This is a month-to-month contract company that charges a setup fee of $45 with no early cancellation fees. It has a “lowest-rate” guarantee for businesses that already take credit cards. If Leaders Merchant Services can’t beat your current credit card processor’s rates, they will pay you $500. Leaders Merchant Services charges a $7.95 monthly fee, 10 to 18-cents card-present transaction fee, and $8 for online merchant accounts. They also provide 24/7 support via email, live chat, and phone. - National Bankcard
National Bankcard provides credit card processing for physical and online retailers and service providers. They accept all major credit cards with no start-up or cancellation fees and no contracts. National Bankcard charges a monthly fee of $7.95, an 18-cent fee per card-present transaction, and a gateway fee of $17 with an 18-cent charge per transaction for online merchant accounts. Like the other top companies, they provide 24/7 customer service support by email or phone. - Merchant Warehouse
Merchant Warehouse is a great option for beginners and small businesses. It doesn't operate on a month-to-month or contract basis and accepts all major credit cards. Merchant Warehouse doesn't have start-up or cancellation fees and provides low service fees. There is a monthly statement fee of $7.95 and any retail transaction incurs a 21-cent fee. A monthly gateway fee of $5 is charged for online merchant accounts and a fee of 21-cents per transactions occurring on them. Merchant Warehouse provides all its clients with a 24/7 customer support. If Merchant Warehouse is unable to save you money, then they will send you a $100 check.
