From a recent study, it is shown that almost 38% of small business owners lose their sale just because they do not have the right tool for the payment transactions. Although the loss of sale Is deeply distressing, the small business entrepreneurs worry more about the cost of payment processing fees.
It is because of this, the business owners take a back step when it comes to choosing a merchant service provider for their business. There is a lot of myth circling this area, making it hard for the small time owners to enjoy the benefits. And adding to the trouble, there are more than 1000 credit card processing companies, pushing the entrepreneurs to more confusion.
So how would one know which is the best credit card processing company for their business? To help you choose the better and affordable company, this article after much research has come up with some of the best credit card companies of the year 2021. They are as follows.
2021 Best Credit Card Processing Companies
1. Helcim
Helcim is in the industry for more than 15+ years offering varied business solutions and services. It offers volume-based discounts and a transparent pricing policy, guaranteeing a low monthly rate. These features have made Helcim the most popular firm among small business owners.
It takes hardly five minutes to sign up for the Helcim account. The best part about signing with this firm is it does not need any hardware tool to get started as it can be started right away by simply downloading the payment app.
Advantages of Helcim
- Supported by many options
- Inventory management and CRM tools are included
- Online approval makes the signup process easy and simple
- Volume-based discounts
- Easily connects with desktops, smartphones, and tablets
2. Merchant Services Broker Solutions
Merchant Services Broker Solutions offers quality and customized solutions and services. It is famed for being one of the best credit card processing for small businesses. It is the right choice when it comes to business expansion and affordability for it presents its services at competitive prices. The company offers a customized solution to meet the needs and requirements of its clients accordingly promising complete customer satisfaction. It is a secured payment option that is integrated with cloud-powered solutions.
Advantages of MSBS
- Supports features like fraud protection, data management, etc.
- Secured PCI compliance
- 100% customer satisfaction
- Flexible services
- Low processing fee
- No standardized fees as the fee structure are dependent on the business type and size
3. PayPal
PayPal is the trusted name in the industry with more than 20+ years of experience and in-depth industry knowledge. It is the most popular and common option for store retailers. Its low transaction volumes attract small business owners from all over the world.
The company holds many certifications of PCI compliance and also includes Visa Cardholder Information Security Program and MasterCard Site Data Protection Program.
Advantages of PayPal
- It is known for its hassle-free and fast setup process
- No contracts or monthly fees
- It provides mobile wallet options
4. Square
Square has been in business since 2009 and is a reputable and trusted company that offers a wide range of services and solutions. The Square is also known for its easy setup policy where one can start accepting payment just five minutes after installing.
The company leads the list for security protocols, advanced technologies, and compiling PCI regulations that include end-to-end encryption.
Advantages of Square
- Fast setup policy
- Many options are available for equipment
- Free POS software that is compatible with Android and Apple devices
- No monthly pay, early termination charge, chargeback, or PCI compliance fee
5. Stripe
Stripe has been rated as the top payment service provider known for its flexibility, reliability, and innovative solutions and services. With a flat-rate policy and easy customization, Stripe has made its name and fame in the international market.
It offers the best safety protocols ensuring to use of varied safety measures and also by abiding latest rules and regulations.
Advantages of Stripe
- Customized pricing options
- Accepts all payments from mobile wallet
- Comprises of hundreds of flexible features and integrations
- Easy integration with popular programs
To choose the right credit card processing company, you must first review your business ideas, and payment volume and then choose the company accordingly. The above companies have been narrowed based on their services, fees, and benefits to help the newcomers choose the best option for their business.
