Choosing a credit card processing solution has never been a tougher choice. There are so many options, and on the surface, they all seem to function just fine.<\/p>\n\n\n\n
While they might be a suitable solution in their own right (we\u2019re not throwing shade here), not every processor will fit well with your business. <\/p>\n\n\n\n
So how do you decide on an online processor then?<\/p>\n\n\n\n
A good first step is making a mental checklist of the issues that need addressing. Are you branching out internationally? Has your monthly transaction volume increased or are you stuck with a processor with lousy support for high-risk transactions?<\/p>\n\n\n\n
The hard part is about to be over – continue reading to find out which online processor is right for you.<\/p>\n\n\n\n
What could be better than slowly increasing your bottom line by saving money on your credit card processing? With CashBack Processor<\/a>, you can achieve just that regardless of your monthly transaction volume.<\/p>\n\n\n\n This is the only processor we\u2019re aware of that pays you back 50% of the money they earned on credit card processing. <\/p>\n\n\n\n Additionally, it\u2019s a safe choice for any business (including brick-and-mortar stores) as the rates will always stay constant and there are no hidden fees or sign-up costs.<\/p>\n\n\n\n You won\u2019t lose anything by giving CashBack Processor a shot because they only operate on a month-to-month basis. Feel free to give it a spin.<\/p>\n\n\n\n If you have a lower average amount of transactions, then the best fit for your business is a company that offers a lower markup. Stax<\/a> (the processor formerly known as Fattmerchant) is that company. <\/p>\n\n\n\n They offer a membership pricing model that\u2019s quite beneficial because you pay only a small per-transaction fee with no markup. There is a $99 monthly fee, though.<\/p>\n\n\n\n Still, the monthly fee shouldn\u2019t detract you from Stax, because its rates (especially for online transactions) will most likely save you a lot of cash in the long run. <\/p>\n\n\n\n It\u2019s also worth mentioning you can get even more value if you sign up for Stax\u2019s software package. For example, for an additional $89 a month, you gain access to more advanced features such as ACH processing and invoicing. <\/p>\n\n\n\n Payment Depot<\/a> is another processing company that offers membership pricing.<\/p>\n\n\n\n There are four plans you can choose from according to your monthly volume. For instance, if you process up to $75,000 a month, you will pay $0.10 per transaction with a monthly fee of $79 a month.<\/p>\n\n\n\n Plus, Payment depot offers a month-to-month contract and has no hidden fees, making it our processor of choice for businesses that process a lot of payments each month.<\/p>\n\n\n\n Every penny counts when your business is just taking off, so we recommend going with a payment processing vendor that offers competitive rates. National Processing<\/a> is an obvious choice in this case.<\/p>\n\n\n\n For online businesses, in particular, National Processing\u2019s interchange-plus pricing has some of the most competitive rates. For example, signing up for an eCommerce pricing model comes with a monthly cost of $9.95 and a per-transaction fee of 0.3% + $0.15. <\/p>\n\n\n\n Another reason National Processing is a great solution for new businesses is their customer support. You get assigned a dedicated account representative available every business day, while tech support is available 24\/7.<\/p>\n\n\n\n Getting good rates when your business falls into a high-risk category is a challenge in it itself. Luckily, there are processing options that offer reliable high-risk merchant accounts.<\/p>\n\n\n\n PaymentCloud<\/a> accepts most industries and high-risk service providers, and is offering interchange-plus pricing with competitive rates. There are also no setup or annual fees.<\/p>\n\n\n\n2. Best for low volume of transactions: Stax By Fattmerchant<\/h2>\n\n\n\n
3. Best for a high volume of transactions: Payment Depot<\/h2>\n\n\n\n
4. Best for new businesses: National Processing<\/h2>\n\n\n\n
5. Best for high-risk businesses: PaymentCloud<\/h2>\n\n\n\n