Credit Card Processing Reviews
In order to cater to this, businesses have had to ensure they are able to adapt to the needs of consumers and this is where merchant services, also known as credit card processing, has proven invaluable. The best credit card processing companies have enabled companies to quickly and easily accept card payments, thus providing increased convenience.
Best Credit Card Processing for Small Business: What to Consider
With a number of trusted credit card processing companies to choose from, it is important for businesses to do some research in order to determine the most suitable option for their needs.
There are a number of different factors that you should take into consideration when choosing a provider for your business. By doing this you can make a more informed decision with regards to which one is going to prove most suitable. When you are comparing credit card processing in order to find the best one for your business, there are a number of key qualities and aspects you should look at. This includes:
- Merchant application approval levels and speeds
- Costs including application costs, startup fees, and monthly costs
- Levels of security offered by the provider and whether the provider uses VeriSign SSL Certificates
- The processing company's gateway service, which can affect the ease with which you can interact with the provider
- The time that it takes to get the account set up with the provider
- The levels of customer service and assistance you can expect
- How appropriate and suitable the internet based features are for your business
- The suitability of the Point of Sale systems offered by the processing company
The Best Credit Card Processing Companies
- Excellent approval levels which currently stand at 99 percent
- Discounts available for online businesses
- Amongst the lowest monthly fees on the market
- No application or start up fees applied
- Month by month contracts with no cancellation fees
- Approval time is a little slower than some of its competitors
If you are looking for a solid credit card processing services provider with a high approval rating, a number of gateway options, and competitive costs, Merchant Warehouse could be the ideal choice. Seen as one of the best and leading credit card processing service provider, Merchant Warehouse can help take your business to the next level by providing you with everything you need when it comes to accepting credit and debit card payments from customers.
The speed of approvals from this provider is pretty decent, although it is a little slower than some of its competitors. However, this is a reliable company that enjoys a very good reputation and even offers discounted rates for online businesses. With an approval rating of 99 percent and no application fee, this has become the natural choice for a wide range of businesses. The monthly costs are also amongst the lowest you will find and there are no fees for cancelling your contract, which runs on a month by month basis. A variety of Point of Sale systems are available from Merchant Warehouse, which includes PIN and wireless terminals as well as basic swiping devices.
The level of customer service and assistance that you get with this provider is also very good, with speedy response times and knowledgeable staff to answer your questions. The provider has earned a very decent 3.3 rating with Indeed.com and has an excellent A+ rating with the Better Business Bureau.
Verdict - Superb
Whatever the needs of your business, you will find that Merchant Warehouse is an excellent choice, as it offers cost effective, reliable services designed to cater for a range of requirements.
Leaders Merchant Service
- Speedy application processing and approval times
- Quick account and systems set up, which typically takes 3-5 days in total
- Competitive rates on card processing services
- No application or set up fees applied
- A good selection of POS systems available
- Competitive rates that are advertised are not available on all cards
- Poor consumer rating on Yelp
With no start up costs, an excellent reputation, and some competitive deals when it comes to pricing, Leaders Merchant Services has become a popular choice amongst businesses looking for reliable and affordable credit card processing providers. This provider does advertise some great rates for its processing services, although you should bear in mind that these rates may not apply when it comes to processing for certain debit cards that are non-regulated, which are typically those from small banks.
One of the great things about Leaders is that there are no set up or application fees to worry about, which is great for businesses that want to save some money. The time it takes to set up the account is also very good, averaging 3-5 days with a speedy application processing system in place. Approval rates are excellent, standing at 99 percent. Authorize.net is the gateway that is used by Leaders for internet transactions, and this provides businesses with a secure way to accept card payments online.
In terms of POS systems, Leaders offers a good choice to suit the needs of your business, from simple swipe systems through to wireless and PIN terminals. When it comes to customer service and assistance, Leaders offer around the clock support so you can always get help if you run into any problems or have questions.
There are mixed results when it comes to consumer reviews for this provider. While it only scored 1 star overall on Yelp, the company clocked up a pretty decent 3 stars on TrustLink. In addition, it has been given a very good A- rating from the Better Business Bureau.
Verdict - Great
Many businesses have opted for Leaders Merchant Service as their partner for card transactions, and with its decent rates and excellent customer services this could be the ideal choice for your business.
- Affordable rates on card processing services with no set up fees
- Free terminal and pin pad provided to merchants
- An excellent choice of POS systems available
- A range of internet services offered by the provider
- Around the clock customer service for pr
- This provider only operates within the USA
For businesses that are looking for solid and reliable card processing services from a competitively priced provider, National Bankcard is a very good choice. This is a provider that not only offers access to affordable rates on card processing services but also does not charge any start up fees and even throws in a free credit card terminal for merchants. Unfortunately, this provider only operates within the United States.
When it comes to approvals, this provider has a very impressive 99 percent rate. The speed of setting up accounts is also extremely impressive and in some cases is done and dusted on the same day. If you decide you want to cancel your account with National Bankcard, you won't have to pay any cancellation fees, which is another major benefit.
This provider also offers a range of internet based services for businesses to benefit from, which includes a secure payment gateway for online card transactions. It also offers features such as online terminals and shopping carts for simple and convenient online payments. In terms of POS terminals and systems, this provider offers a very good choice with everything from basic swipe systems to wireless terminals.
The level of customer services you can expect to receive from National Bankcard is excellent, with operatives available around the clock to answer your questions. The provider has also received an excellent A+ rating from the Better Business Bureau.
Verdict - Very Good
With a wide range of options when it comes to internet features, POS systems, and processing services, National Bankcard is a very good choice for businesses that want to partner with a solid and reliable provider.
- Competitive rates on card services with no start up costs
- No contract terms applied and no cancellation fees
- Speedy online application system for ease and convenience
- Same day approval on applications in some cases
- A wide range of POS terminals and sy
- Only available to USA businesses
CreditCardProcessing.com is a card processing service provider that offers a range of benefits to businesses looking for a good, dependable company to partner with. In addition to offering very competitive rates on its card processing services, this provider does not impose contract terms and there are no cancellation fees for merchants to worry about. There are also no start up costs involved, enabling businesses to save even more money.
When it comes to speed of service, Creditcardprocessing.com is fast and efficient. When you apply online you can get your application completed in next to no time and you could get approval on the same day, which is pretty impressive compared to some competitors. Customer service levels with this provider are also very good, with representatives available 24 hours a day to answer any questions or deal with queries.
This provider uses the secure gateway service Authorize.net for online payments, so you can use the merchant account and online terminal provided with complete confidence. There are also various POS terminals and systems to choose from with this provider, which includes wireless and smart phone systems in addition to simple swipe devices.
One thing you will need to bear in mind with this processing service provider is that it is only available to businesses in the United States, although payments can be accepted internationally.
Verdict - Good
As a USA based businesses, you could find that Creditcardprocessing.com is a good, solid, and reliable partner that can help you with all of your credit card processing needs.
Flagship Merchant Services
- Competitive rates on services with no cancellation, application or set up fees
- Free smart phone credit card reader for new merchants along with free Authorize.net payment system
- Very speedy account set up, which can be completed within a day in some cas
- Service is only available to businesses in the USA
- Provider is not accredited with the Better Business Bureau
With its competitive rates, no cancellation fees, and high rate of approvals, Flagship Merchant Services has proven to be a very popular choice amongst businesses looking for a reputable credit card processing service provider. Available to businesses in the USA, Flagship is not accredited by the Better Business Bureau but has developed a pretty good reputation for being a solid and reliable partner for card processing services.
There are no application or set up fees to pay with this provider, which is one of the things that will appeal to businesses. The company also offers a free smart phone credit card reader as well as a free Authorize.net payment system online to new merchants that are approved for an account. Setting up your account is a very speedy process and, in some cases, can be completed within one day.
A good choice of online features is available from Flagship, including virtual terminals and enhanced security systems. For those looking for physical POS systems there is also a good choice, with both basic and more advanced systems and terminals to choose from based on the needs of your business.
The customer support system from this provider is also impressive, with telephone, email, and live chat support available. You can contact representatives around the clock, which means that you can get any questions or queries addressed at anytime.
Verdict - Good
All in all, Flagship Merchant Services is a decent and reliable company to choose for your card processing needs and is suitable for businesses of all sizes within the US.
Credit Card Processing Review Recap
In order to keep up with the demands of customers, businesses now need to be able to offer fast and efficient credit card processing. With these prominent merchant services, you can look forward to reliability, affordability, and speedy service. Finding the right processing company means that you can give your customers the facilities that they want as well as boost the success of your own business by offering popular payment options.
Best Credit Card Processing FAQs
What are some mobile card reader features?
Mobile card readers come packed with some really useful tools.
- Online Task Manager: This tool allows you to keep track of and manage transactions through an online account
- Email Receipts: By giving you their email address, customers can receive electronic versions of their receipt
- Customized Receipts: Businesses can customize their receipts with their company's name, logo, and design
- Tip: Vendors and merchants can customize the app to automatically ask customers for a tip or gratuity
- Save Customer Details: You can customize it to save customers details including names, addresses, and emails
- Manage Cash Transactions: Merchants can alter and record cash transactions directly within the application
- Credit/Refund: You can credit a customer's account or issue refunds
What types of fraud protection features are included?
Most of the credit card processing services come with address verification, real time processing, SSL, and CVV. Address verification is a feature conducted by the payment gateway service-data which is entered online by the customer. The information is compared to the address held on file by the credit card company. Real time processing is another validity ensuring feature which takes place once the information is filled out and the Enter key is clicked. On average, it takes less than a minute to carry out.
The SSL, secure socket layer, is a safeguard between your credit card information and potential internet thieves. Using a 128-bit encryption, the SSL is a mechanism to move information from one place to another. The final component, CVV2 (card verification value) is a set of 3-4 numbers printed on the back of each credit card. It's required to ensure that the person inputting the card info has physical possession of it.
What are the transaction fees?
Depending on the type of service you opt for the following transaction fees may apply:
Average Discount Rate: This discount rate is equivalent to the percent of the sale which the processing company retains for itself. It's usually slightly higher than the average discount rate when the card is present.
Transaction Fee: This fee is the mandatory charge on each individual transaction. The fee remains standard whether the transaction totals $.25 or $25.
Address Verification Fees: This one is self-explanatory. When address verification is needed, the fee is applied.
Other fees may be included in the service you select. To get the most up-to-date information, consult the service's website directly.
Will the payment process be secure?
Having a secure electronic process is the primary concern when using a payment processing service for your business. With the rise in identity theft in the last decade, it's more important than ever for you and your clients to be armed with a heightened level of security. When selecting a service, check to make sure it is in compliance with all PCI (payment card industry) rules and regulations regarding payment software. All institutions and merchants which process or store sensitive credit card information are required to have a secure platform which can be accountable in the event that an individual's information is compromised.
What is a credit card reader?
Credit card readers come in all shapes and sizes and are essential for credit card processing. From fixed readers to mobile and payment terminals, a credit card reader has a magnetic stripe which is able to ascertain the information of a credit card. Fixed credit card readers connect the information through a USB, PS/2, or RS-232 connection and can be used bi-directionally or on a multi-track. Mobile credit card readers are the latest development and can be used on-the-go via smartphone, tablet or portable device. Compatible with Apple and Android, these readers are usually plugged in through the headphone jack. It's the ideal money to ring up purchases if you're a traveling merchant or need to process payment without access to your regular card reading equipment.