Best Payment Gateway 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
Service
Score
Features We Like
Bottom Line
Editor's Choice
9.8

  • Month-to-Month Contracts
  • Free Secure Payment Gateway
  • No Upfront Costs
  • 24/7 Customer Support
Smart solutions with many added services
9.5

  • 98% Approval Rating
  • No Startup Fees
  • Low Rates & Fast Approvals
  • All credit scores accepted
Specializes in dealing with high-risk merchants.
9.0

  • Rates Starting at 0.15%
  • $500 Assurance program
  • Transparent Pricing
  • Free EMV Equipment
Inexpensive transaction fees and many payment options.
8.3

  • No Annual Fees or Setup Fees
  • Smart Terminal & POS
  • Merchant Cash Advances
Reliable credit card, eCheck, and ACH processing
7.9

  • Low Processing Rate
  • 90-Day Satisfaction Guarantee
  • No contracts
Simple & affordable merchant services
7.5

  • No Cancellation Fees
  • Free Terminal
  • Scalable solutions
Fast and easy payment service with flexible pricing

You might be interested in our POS systems

POS Brand
Score
Features We Like
Best For
9.8

  • Guarantees lowest rate
  • #1-Rated iPad POS
  • Flat monthly fee
  • Perfect for businesses of all sizes
Retail
9.5

  • Award-winning restaurant POS
  • 30 day free trial
  • Used in 100+ Countries
  • For restaurants of any size
Restaurant & Bar
8.9

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

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 Payment Gateways

Businesses can greatly benefit from accepting payments online and integrating a payment gateway. While choosing a payment gateway to process your business payments, you may encounter a few questions. This page will walk you through the most frequently asked questions to help you choose among the top payment gateway services available for your business.

 

What is a payment gateway?

Just like a point of sale terminal in a store, a payment gateway allows businesses to securely authorize a customer’s credit card online and offline. First, customers provide their credit card details, then the payment gateway shares the financial information securely from the customer to the merchant and then from the merchant to the bank. Next, the payment gateway validates whether or not the charge has been approved by the bank. Upon approval, the money will transfer into the business bank account within several business days.

 

What are common payment gateway features?

Online payment gateways come with features that improve security and make it easier to process payments. Some common payment gateway features include:

Fraud protection tools

The ability to process electronic checks as an alternative to credit cards

Automatic payment processing from any location

Currency conversion

 

What is the process of using a payment gateway?

First, the customer shares their payment details when they checkout of a store. Next, the payment gateway shares the financial information securely to the merchant’s bank. The bank then either approves or declines the transaction. Once the bank has approved of the transaction, the payment gateway receives a notification. Then the money will be deposited into the businesses’ bank account within one to four business days. This whole process usually takes 2-3 seconds.

 

How much do payment gateways cost?

Each payment gateway service offers different pricing structures and rates. Payment gateways may charge a monthly maintenance fee while others may only require a one time setup fee. Also keep in mind additional fees for things like cancellations, withdrawals, and batch processing. Other fees may include monthly account fees, membership fees, PCI-compliance fees, and setup fees. At the TheTop10Sites, you can easily review and compare the rates of the best payment gateways to select the ideal option for your business.

 

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