If you are a business owner, you'll know that selecting the right credit card processing services for your company is of utmost importance. The right payment gateway can give you a sense of security, and also improve the user experience of your customers. These can make your business more legitimate and boost your sales significantly.
Finding the best credit card processing companies can take a bit of time. It is also important to note that websites or e-commerce shops may have different payment processing needs compared to more traditional brick-and-mortar shops.
Technology has enabled many new features that any new business owner can easily adopt. Allow us to walk you through some of the highly recommended credit card processors for your website so you can get started right away.
Best Credit Card Processor for Websites in 2021
Best for Cost-Effectiveness: Fattmerchant
- Analytics Features on a Merchant Dashboard: You will be able to see your real-time sales data on their analytics dashboard.
- Minimal Fees: With this credit card processing company, you only have to pay for your monthly fee, interchange fees, and a flat rate for transaction fees. There is no percentage markup because they use an interchange-plus model. If you know you have a high volume of transactions that hit $7,000/month, you will be able to save money with this payment processor.
- Customizable Options: Due to Fattmerchant's customizable options, you can create your account depending on the types of payment gateways and services needed. For websites, they have virtual terminals that can do invoice creation, online shopping cart payments, and recurring billing.
Once you get in touch with a sales representative, they will review your account. If accepted, you can have this up and running within 48 hours. They also have an Omni mobile app to help you with your analytics and manage your payments.
- Wide Array of Services: Merchant One's payment solutions include POS systems and an available payment gateway wherever there is a signal for your device. For online retailers, you do not need any specific hardware for making payments. It comes with a free shopping cart, remote access, and an online account manager.
- Flat-Rate Pricing: Merchant One is transparent about their pricing due to their flat rates. You will have to pay $6.95 per month, with an additional 0.29-1.99% for transactions that are keyed in. They have no early termination fees and will not charge you for PC compliance.
- Multiple Factors Considered for Approval: Aside from looking into your credit score, they consider other factors—thus explaining their 98% approval rate.
Merchant One is also lauded for its easy set-up and fast turnaround time. You can have your payment process working in a span of 24 hours. They can also assist you with integration support and check processing services. An account manager is available throughout the onboarding and set-up process. They have 24/7 tech support if needed as well.
- Sales Transparency: All merchant accounts with Dharma Merchant Services have month-to-month billing. They do not have an early termination fee, monthly minimum, annual fee, account application fee, PCI compliance, or batch fee. All business fees and rates are disclosed on their website.
- Personalized Customer Service: You can easily call a representative from the Dharma Merchant Services support team whenever you are in need 24/7. If you need a quick answer to a question, you can have a look at their website which boasts robust information any business can make use of.
- Choice of Payment Gateway: If you own an e-commerce business, you will have a choice between Authorize.net or NMI Gateways. Regardless of the amount of features you need, you will be happy to know that they charge almost the same amount.
While it is not advised for high-risk merchants or businesses, it is a great option for most other small businesses.
Best for All-In Payment Solutions: Clover
- All-In Processing and Point of Sale Functions: Clover is a go-to option if you want an all-in payment solution, whether you have a physical store or need a system for payments online. They have the latest POS software and competitive industry rates for credit card payment processing.
- Flat-Rates: Starting at $9.95 per month, keyed-in or online purchases are an additional 3.5% + $0.10 per transaction. They charge monthly as they do not require a long-term contract.
- No POS Hardware Needed: You do not need any POS hardware, as their virtual terminal accepts mobile credit card payments. Through their Clover Web Dashboard, you will be able to accept both credit and debit cards.
Usually, you have to wait a day or two to get the money earned from credit card transactions, but their Rapid Deposit Service allows you to get this almost instantly.
- Low Interchange-Plus Rates: Among the payment processors in the market today, National Processing has some of the lowest available rates. They have a rate-lock guarantee, which gives clients peace of mind as there are no hidden fees.
- Excellent Customer Service: Your small business will be assigned an account representative who will be available for any queries during standard work hours. If needed, there is technical support on call 24/7 as well.
- Advanced Payment Options for Virtual Terminals: E-commerce merchants will have access to all kinds of software to mitigate possible chargebacks and fraud. In addition to this, they have billing software that can accept payments and send out recurring invoices.
There is no annual fee or monthly minimum with National Processing, but they do have a termination fee. Another thing that makes this one of the best credit card processing services is that they do not require you to sign a long-term contract.
Frequently Asked Questions
What is the best way to accept credit cards? Small businesses can accept credit card payments in a number of ways. Some small business owners set up their own merchant accounts and use it to process all types of transactions, while others go with an online payment service like PayPal or Stripe.
For those who have mobile apps for their web store, there are several options on how they might be able to take credit cards: either using your smartphone's camera as a scanner or by downloading software that will create QR codes.
How do I add credit card processing fees to an invoice? One way to charge customers credit card fees is by adding a line on the invoice with an item called "credit card surcharge" and calculating it at standard rates. If you have your system set up correctly, this can be done automatically without any manual effort.
You can also ensure that credit card surcharges are processed smoothly by setting them as automated charges against each customer's account when they place their order.
How do you get approved for a merchant account? To increase your merchant account eligibility, it is important to maintain a positive credit rating. Be honest about previous merchant accounts, bankruptcies, liens, or judgments. From there, take the time to compare and contrast different processors in order to find one that best suits your needs.
Why do I need a credit card processor? Credit card processing is a critical service. It ensures that customers can simply and quickly checkout, which saves them time while also allowing businesses to keep track of their finances with ease.
Can someone pay me with a credit card? There are several platforms you can use to send money with a credit card, from PayPal to Venmo among others. However, these apps charge fees that typically range anywhere between 3% of your transfer amount. There may also be higher percentages for international transfers depending on the service provider.
With the right payment processing service that fits your e-commerce business' needs best, you will see improvements in numerous areas. You will see yourself at par with competitors, notice an increase in sales, give your customers a pleasant experience, and ultimately keep your operations secure. Want to learn more? Check out the rest of Processing Card today!
