Top Credit Card Processing Services

Looking for the best credit card processing services, but don’t know where to begin? Review and compare the top credit card processing companies for the most affordable rates, complete security, and flexible payment.

Updated for June 2018
Features We Like
Bottom Line

  • Rates Starting at 0.15%
  • 500$ Assurance program
  • Transparent Pricing
  • Free Credit Card Terminal
Inexpensive transaction fees and many payment options.

  • Month-to-Month Contracts
  • No Upfront Costs
  • Free Equipment
  • 24/7 Customer Support
Smart terminal solutions with many added services

  • Low Processing Rate
  • No contracts
  • No hidden fees
  • 90-Day Satisfaction Guarantee
Simple & affordable merchant services

  • No Cancellation Fees
  • No Long-Term Contracts
Risk-free processing with no contract term.

  • No Startup Fees
  • Gift Card Program
Specializes in dealing with high-risk merchants.
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Joe Schwartz | Credit Card Processing Editor

Our chief content editor, Joe manages a diverse team of content writers. He holds a degree in online communications and his writing has been featured in a wide range of online publications.

Most Commonly Asked Questions about Credit Card Processing

Businesses looking for the best credit card processing services can get started right here with answers to the most commonly asked questions. Find out more about available features, pricing, and more with the most frequently asked questions about credit card processing.

1 What are some important features of credit card processing?

Merchants have many options for credit card processing beyond a standard payment terminal that ensures enhanced security and flexible payment. When comparing credit card and debit card processing services, be sure to also look for modernized features such as:

  • Mobile processing
  • NFC payments (when customers can make a payment by holding up their phone to the reader)
  • R code payments (payment via QR scanner)
  • EMV chips (the global standard for credit and debit payment cards based on chip card technology that improves security)
  • Marketing offers at point-of-sale
  • Mobile marketing offered via SMS

2 What does tiered-pricing mean?

Used by many credit card processing companies, tiered-pricing defines a price per unit within a range meaning that the credit card processing service will charge different fee levels for each transaction. For example, a company may charge more for an airline credit card than for a standard credit card. Some businesses do not prefer tiered-pricing as they find it difficult to track different fees. Typically credit card processing companies break down fee levels according to the following with different rates for credit and debit cards:

Qualified Discount Rate: ~1%

Mid-Qualified Discount Rate: ~2%

Non-Qualified Discount Rate: ~3%

3 What is interchange-pricing?

Interchange-pricing, another pricing system used by credit card processors, typically incorporates two rates from the credit card processing company: the interchange markup fee and the transaction fee. With interchange-pricing, merchants pay a flat fee plus a small fee for each transaction.

For example, a company may charge a merchant a 0.30% rate and a $0.15 transaction fee. In that case, the business will pay the wholesale interchange fee, plus 0.30%, plus 15 cents. Businesses may prefer the consistency of interchange pricing.