A credit card processing company is a service provider that enables businesses to accept credit card payments from customers. Credit card processors typically charge businesses a monthly fee for their services, and may also charge additional fees for things like PCI compliance and fraud protection.
There are many different credit card processing companies out there, so it's important to do your research to find one that best suits your business's needs. When choosing a credit card processor, you should consider factors such as fees, features, and customer service.
To help you choose the right credit card processor for your business, we've put together a list of the top 10 credit card processing companies. We've also included some tips on what to look for when choosing a credit card processor.
Top 10 Credit Card Processing Companies
1. Square
Square is one of the most popular credit card processors, and for good reason. It's easy to use, has low fees, and offers a wide range of features. Square also offers excellent customer service and is always innovating to make its service better.
2. PayPal
PayPal is another popular credit card processor, and like Square, it offers low fees and a wide range of features. PayPal is also known for its excellent customer service, and has a strong reputation in the online world.
3. Stripe
Stripe is a newer credit card processor, but it's quickly become a favorite among businesses. Stripe has low fees, offers a wide range of features, and provides excellent customer service.
4. Authorize.Net
Authorize.Net is one of the most popular and well-known credit card processors. It has been around for many years and has a strong reputation. Authorize.Net offers a wide range of features, but its fees can be high.
5. Braintree
Braintree is owned by PayPal, and like PayPal, it offers low fees and a wide range of features. Braintree is known for its excellent customer service, and its technology is constantly evolving.
6. First Data
First Data is one of the largest credit card processors, and it offers a wide range of features. First Data's fees can be high, but its customer service is excellent.
7. Adyen
Adyen is a newer credit card processor, but it's quickly making a name for itself. Adyen offers low fees, a wide range of features, and excellent customer service.
8. WorldPay
WorldPay is a large credit card processor that offers a wide range of features. WorldPay's fees can be high, but its customer service is excellent.
9. Dwolla
Dwolla is a newer credit card processor, but it's quickly gaining popularity. Dwolla offers low fees, a wide range of features, and excellent customer service.
10. Amazon Payments
Amazon Payments is a newer credit card processor, but it's quickly becoming a favorite among businesses. Amazon Payments offers low fees, a wide range of features, and excellent customer service.
What to Look for in a Credit Card Processor
When choosing a credit card processor, there are several factors you should consider. Here are some things to look for in a credit card processor:
>> Low fees: You should always look for a credit card processor with low fees. The monthly fee should be less than $30, and the per-transaction fee should be less than 3%.
>> A wide range of features: Look for a credit card processor that offers a wide range of features, such as online invoicing, recurring payments, and fraud protection.
>> Excellent customer service: Choose a credit card processor that offers excellent customer service. You should be able to easily get in touch with a customer service representative if you have any questions or problems.
>> A strong reputation: Choose a credit card processor that has a strong reputation. Check out online reviews to see what others are saying about the company.
