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Recommended Credit Card Processors in the USA

Last Updated August 2022

When you’re in the market for a new Credit Card Processing company, there are plenty of options to choose from. Our team has done all the research and ranking so that your search isn’t daunting – just pick one! We provide reviews on each service with features comparison charts as well so it’s easy when making decisions about which company will best suit what needs at any given time.

Top 3 Recommended Credit Card Processors for you

Most Recommended
Flagship
  • Accepts high-risk merchants
  • No setup or application fees
  • Month to month contracts
Our Score
9.9
Read Review
Leaders Merchant Services
  • Customized solutions
  • 24/7 customer support
  • Cash advance and loans available
Our Score
9.8
Read Review
Stax
  • Flat Rate processing
  • Optional add-ons are a great
  • Month to month contracts
Our Score
9.7
Read Review
Clover
  • Supports mobile payment services
  • Clover POS package option
  • Loyalty programs, gifts and discounts
Our Score
9.6
Read Review
Payment Cloud
  • Fraud and Chargeback Prevention
  • Cryptocurrency Processing
  • Merchant Funding available
Our Score
9.5
Read Review
Payment Depot
  • Money-back guarantee
  • No interchange rate markup
  • Free virtual terminal
Our Score
9.5
Read Review
Square
  • Flat-fee pricing
  • Omnichannel commerce available
  • Analytics and marketing support
Our Score
9.4
Read Review
ProMerchant
  • Month to month contract
  • Free equipment placement
  • Personalized and dedicated support team
Our Score
8.9
Read Review
Luminous Payments
  • Free Credit Card Processing Terminal
  • $1,000 meet or beat rates guarantee
  • Flexible pricing and same day funding
Our Score
8.5
Read Review
Helcim
  • Interchange plus pricing
  • Month-to-month billing
  • Online store and invoicing
Our Score
8.4
Read Review
Merchant One
  • eCommerce integration
  • Smartphone and tablet payment solutions
  • Gift and loyalty cards
Our Score
8.3
Read Review

Still not sure? Let us help you find the right Payment Solution for your business

Take our quick quiz to get quotes for the solution that's right for your business.

Recommended POS Systems

Most Recommended
Lightspeed
  • Top reporting & analytics
  • eCommerce integration
  • Loyalty program
Our Score
9.9
Read Review
TouchBistro
  • Tailored for the restaurants
  • Competitive monthly cost
  • Customisable add-ons
Our Score
9.8
Read Review

Our Best Overall Choice

Most Recommended
Flagship
  • Accepts high-risk merchants
  • No setup or application fees
  • Month to month contracts
Our Score
9.9
Read Review

What is a Credit Card Processing company?

The phrase “Credit Card Processing company” is a catchall term that refers to hardware, software or services needed by businesses to receive card payments. However credit card processors don’t just work on consumer transactions; many also offer their expertise on how best process transactions from offline customers such as online payments or card less transactions.

Types of Credit Card Processing companies in the USA?

Credit Card Processing companies offer different types of services, but most can categorised as the following:

Merchant Account Providers
These are the most common merchant account providers. At minimum, they provide you with a means of accepting credit card payments and processing them so that customers’ money is released to your business when they pay by debit or charge cards instead. The larger companies like PaySafe (see review) can offer services to process your transactions through the credit card networks like Visa and Mastercard.

Payment Services Providers (PSPs)
Accepting credit and debit cards is a convenience for many small businesses, but not all of them need a merchants account. Payment Service providers like Square (see review) can give your business the ability to accept credit card payments without a dedicated merchant account. These work well for SMBs that don’t process large volumes of transactions.

Payment Gateway Providers
A payment gateway is a must-have for online stores. 76% of US adults are expected to make an online purchase in 2022 alone. And the best way for online businesses to take payments is with a payment gateway. Payment gateways like Stax by Fattmerchant (see review), Helcim (see review) and Payment Depot (see review) facilitate online transactions while protecting sensitive cardholder data. This means customers can securely buy items from your store without the risk of identity theft. These providers also are able to efficiently handle high volume of transactions.

How to find the right fit for your business?

Here are some points you should consider when deciding the best merchant service for your business:

How easy is it to use?
Can you or your employees easily navigate through the system, or will you need something else that’s simple to use like an app?

How much does it cost?
Don’t blow your budget. Don’t just look at the month-to-month software costs but also factor upfront hardware costs. If you are switching service providers then check for potential termination charges. Watch out for any hidden fees.

What is the type of system?
Some businesses might use their phone as a point of sale; other might need an integrated system and multiple registers. Comparing the different Credit Card Processing companies, you might be able to lease some components and avoid certain upfront fees.

Is the system scalable?
Make sure the system can keep up with your growing business. You may start off at a lower tier being a smaller venture but as you grow you want to be able to easily upgrade to support your expanding operations. You don’t want to have to switch to a new system from what your employees and you are used to.

Does it support contactless payments?
More customers opt for this safer payment method these days, it’s an important option to have available.

Do they provide good service support?
When something goes wrong, you want to ensure it’s a quick fix. 27/4 support and live chat support are helpful in avoiding any operational disruptions. Some Credit card processors also have helpful knowledge base for reference on their platforms.

Credit Card Processing Fees and Rates

Estimating actual costs associated with a service can be hard, especially when Credit Card Processing companies have so many different ways of calculating their quote. Not to mention a few of them also offer custom packages where additional costs could be hidden in the fine print. Here are the one you should look out for:

Interchange fees
Interchange fees are the largest fees you’ll pay and are usually a percentage of each transaction generated plus a fixed fee like 2% + $0.10 per transaction.

Assessment fees
Assessment fees are usually based on your estimated monthly sales volume. Some providers charge an incremental portion of your sales. Example., 0.11% on up to 2,000 sales, then 0.12% of the next 2,000 sales and so on.

Periodic service charge
Whilst most Credit Card Processing companies don’t charge a monthly or annual service fee, always keep an eye out for the ones that do.

Terminal fees
Terminal fees are basically the cost of leasing a payment terminal for your store, not your online business. These fees can pile up so often it is more cost effective to purchase a terminal outright. You can assess based on the needs of your business.

Payment gateway fees
Payment gateway fees apply specifically to online businesses. Here you essentially pay for online sales where the gateway acts as virtual payment terminal.

Are you ready to take on the world? We’ve got you covered with great merchant service options that will help make your business soar like never before.

Still not sure? Let us help you find the right Payment Solution for your business

Take our quick quiz to get quotes for the solution that's right for your business.
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