In this era of technology, if business owners don’t adopt new business methods, then you can’t beat with the trade competition. These days, there are many payment methods are available whether it be for petrol station, booking movie show or purchasing any gadgets.
As business owner, if you accept only cash payments then you’re missing out potential sales. Today, accepting payments with credit cards is must for all type of businesses whether small or big. But it’s a tough part to choose a credit card processor as there are number of credit card processors available in the market & many ways to accept credit cards.
It’s not easy process to opt for a credit card processor that is best suitable and uniquely designed for your small business needs. Choosing the best suitable credit card processor not only involves pick up the services that are best suited for you business but also budget friendly and doesn’t enforce strict requirements just because you’re having small business firm. Below are the criterions to evaluate credit card processor service provider
- Transaction/swipe rates
- Equipment, setup and other costs
- Ease of setup and use
- Contracts and service terms
- Types of processing offered
- Types of payments accepted
- Funding and processing time
- EMV capability
- Merchant services, additional features and benefits
- Customization options
- Third-party integrations
- Reporting and analytics
- Service restrictions
- Customer support service
Here are list of best credit card processors and you can chose for your business
- Flagship Merchant Services – suitable for High Volume Business
Flagship Merchant Services is an established leader in the transaction processing industry. They provide customers with exactly what they need in a timely, compassionate and efficient manner. They offers online merchant account set-up, ecommerce shopping cart set-up, credit card reader for mobile phones and POS reprogramming system. Flagship also offers priority customer support 24 hours a day, 7 days a week to all its merchants. In addition to all of these benefits, there is absolutely NO Contract Term of Cancellation Fees, period!
- PayPal – Suitable for Low Volume Business
PayPal offers complete online payment solution. It makes easy for you to get paid – online, on mobile or by email, anywhere you do business. PayPal payment solutions are easy to integrate and back-office systems regardless of whether you are a small, medium or big company. With a single PayPal account you can manage all your payments and access additional features. It keeps customers & businessman safe with automatic fraud screening, 24-hour transaction monitoring.
- Stripe – suitable for online credit card processing
Stripe, is an easy to use method & integrate payment processing into online websites without having to register and maintain a merchant account. Stripe has a seven day waiting period for transactions, during this time it profiles the businesses involved to protect against potential fraud. Stripe then transfers the funds directly into the bank account linked to the payee. Stripe is also packed with features and customization options, which lets you tailor the service to suit your e-commerce business’s unique needs.
- Square – suitable for Mobile credit card processing
Square is the POS software that is fast, simple and powerful way of accepting credit cards. Just sign up for an account, download the Square app, plug Square’s credit card reader into your iOS or Android smart phone or tablet, and you’re ready to go. Square serves businesses big and small around the world. It also takes care of digital receipts, inventory, sales reports and provides valuable analytics and feedback—so you can focus on your customers.
- TSYS Merchant Solutions – suitable for unique business needs
TSYS credit card processing company offering unmatched customer experiences and protection to their clients. The company offers flexible and affordable flat-rate packages and pricing, which vary depending on the volume of your business and its unique needs.
It offers credit card processing solution that works best for your business:
- Credit card machine & terminals
- Extended Servicesincluding accepting Apple Pay and Samsung Pay.
- Mobile credit card processing solutions
- Online credit card processing solutions
- Secure payment processingand EMV terminal solutions.
- Flat rate credit card processing
- Tablet POS Systems