To grow your business and keep your customers happy, one of your priorities is to give them the option of paying for your products or services easily.<\/p>\n\n\n\n
A payment processing company makes this possible. <\/p>\n\n\n\n
However, not all payment processors are equal. Some won’t be transparent, which would result in you losing significant revenue due to the lack of complete and accurate information on fees. You need to be aware of all the cons so that you can make an informed decision and avoid getting buried in hidden fees and unreasonably high rates.<\/p>\n\n\n\n
We can help you by giving you our list of the top 5 payment processing companies. <\/p>\n\n\n\n
When looking for a transparent processing service, you can\u2019t just look at the average per-transaction fee – you need to look at the complete picture.<\/p>\n\n\n\n
For instance, Square<\/a> is arguably the safest option for businesses of all kinds that are looking for a no-hassle approach to processing payments, even though an average price per transaction is quite high at 2.6% + $0.10.<\/p>\n\n\n\n Why is it worth it then? With Square, there are no monthly or hidden fees, no PCI compliance fees, and no termination fees either. You\u2019re not getting locked into a long-term contract as this vendor also offers a month-to-month pricing plan.<\/p>\n\n\n\n Aside from the meager amount of operating costs that come with using the company\u2019s solution, you also get a free mobile card reader just by signing up.<\/p>\n\n\n\n This is probably the best option for small or new businesses, but we recommend looking for a different vendor if your business is processing a larger volume of sales a month.<\/p>\n\n\n\n The next company on our list has a unique business model that actually pays you. <\/p>\n\n\n\n As the name says, CashBack Processor<\/a> gives you back 50% of the money they earn from processing your transaction every month. Additionally, this company allows you to accept all major credit cards, and it works on every POS system, every major e-commerce platform, and any mobile processing device.<\/p>\n\n\n\n Equally important – there are no shady hidden costs and the rates always stay the same. When you combine this with the fact that its pricing operates only on a month-to-month basis, CashBack Processor is an amazing choice for any growing business, as well as for established businesses trying to increase their bottom line.<\/p>\n\n\n\n Plus, if you refer other business owners to their network, you can save even more money. <\/p>\n\n\n\n If you want a transparent company that won\u2019t overcharge you if you are dealing with larger amounts of transactions, National Processing<\/a> is a solid choice.<\/p>\n\n\n\n There is a monthly fee, but at only $10 dollars, it\u2019s a small price to pay for highly competitive rates that will help you save extra bucks on a large volume of transactions.<\/p>\n\n\n\n This processor is also a great solution if you are switching providers, as they will reprogram your existing equipment at no additional cost. It\u2019s also worth mentioning that their customer service is top-notch, so you have nothing to worry about if you ever encounter any problems.<\/p>\n\n\n\n2. CashBack Processor<\/h2>\n\n\n\n
3. National Processing<\/h2>\n\n\n\n
As you\u2019re probably aware by now, we recommend going with companies that operate on month-to-month contract types, and National Processing is not an exception. However, if you want to receive a free credit card terminal, you are going to need to sign a long-term contract.<\/p>\n\n\n\n4. Payline<\/h2>\n\n\n\n