Best Merchant Services - December 2018

Looking for the best credit card processing services on the market? Let us help you find the best service with the most affordable rates, complete security, and flexible payment.

Updated for December 2018
Merchant Service
Features We Like
Bottom Line
Editor's Choice

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

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

  • No Cancellation Fees
  • Free Terminal
  • Free application and set-up
Fast and easy payment service with flexible pricing
High-Risk Specialist

  • 98% Approval Rating
  • Low Rates & Fast Approvals
  • All credit scores accepted
Specializes in dealing with high-risk merchants.

  • No Annual Fees or Setup Fees
  • Smart Terminal & POS
  • Merchant Cash Advances
Reliable credit card, eCheck, and ACH processing

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

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POS Brand
Features We Like
Best For

  • Guarantees lowest rate
  • #1-Rated iPad POS
  • Flat monthly fee
  • Perfect for businesses of all sizes

  • Award-winning restaurant POS
  • 30 day free trial
  • Used in 100+ Countries
  • For restaurants of any size
Restaurant & Bar

  • Large to mid-sized businesses
  • eCommerce integration
  • 30-day Lightspeed warranty
Restaurant & Bar

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.


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


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%


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.

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