Credit card processing is one of the most important aspects of any business. It’s how you accept payments from customers and clients and how you pay your own bills. There are many different credit card processing options, and it can be tough to figure out which one is right for your business.
The 6 Most Affordable Credit Card Processing Services
Square is one of small businesses’ most popular credit card processing options. There are no monthly fees or contracts; you can get started with as little as $1. You’ll pay a per-transaction fee of 2.75%, and you can use the Square reader to accept payments from all major credit and debit cards.
Stripe is another popular credit card processing option, especially for online businesses. Stripe has no monthly fees, and you’ll pay a per-transaction fee of 2.9%. You can also use Stripe to process payments through Apple Pay, Google Pay, and other mobile payment platforms.
PayPal is one of the most well-known online payment processors. PayPal has some fees, but they’re generally lower than those you’ll pay with a credit card processor. You’ll pay a 2.9% + $0.30 per-transaction fee, and you can also use PayPal to send and receive money from friends and family.
eMerchantbroker is a credit card processor that specializes in high-risk businesses.
If you have a high-risk enterprise, you’ll likely pay higher fees. However, eMerchantbroker offers some of the industry’s lowest rates, so it’s worth considering for high-risk businesses.
Stax is a credit card processor that offers low rates and no monthly fees. You’ll pay a per-transaction fee of 2.9%, and you can use Stax to process payments through Apple Pay, Google Pay, and other mobile payment platforms.
6. Payment Depot
Payment Depot is a credit card processor that offers low rates and no monthly fees. You’ll pay a per-transaction fee of 2.75%, and you can use Payment Depot to process payments through all major credit and debit cards.
When selecting a credit card processor, it’s crucial to consider your business’s needs. Square or Stripe may be your best option if you’re a small biz. If you’re a high-risk business, eMerchantbroker may be the best option. And if you’re looking for low rates and no monthly fees, Stax or Payment Depot may be the best option.
Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of dharma merchant services. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.