Best 7 Merchant Services Companies With Lowest Fees & Rates – 2023

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• Flagship Merchant Services is a full-service payment processor that offers its customers month-to-month service terms and doesn’t charge an early termination fee. It gives you a choice of pricing models, so you can choose the one that saves your business the most money. It also provides customers with a free Clover Mini point-of-sale system and offers a mobile app and accompanying card reader that you can use to process credit cards and log cash transactions from a smartphone.

• Payment Depot is great for businesses with high transaction volumes. It’s one of the few companies in the industry to offer membership-based pricing with wholesale rates. Payment Depot doesn’t require you to sign a long-term contract and there are no early termination fees, giving you and your business the flexibility to switch card processors. It offers several plans so that businesses of all sizes can accept payments online, in-store, and via mobile devices.

• CardX is one of the few credit card processing companies that make surcharging easy. Surcharging is a small extra fee added to the cost of a transaction to cover the merchant’s cost for processing a transaction. CardX protects the merchant in that they don’t have to absorb this expense themselves. Only 2 US States, Connecticut, and Massachusetts don’t allow surcharges. CardX’s surcharging technology eliminates the pain points of compliance, ease of use, and customer experience. CardX automatically handles all credit card surcharging rules.

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• CreditCardProcessing.com is one of the largest direct credit card processors in the US. They offer multiple pricing options, as well as, excellent contract terms and quality customer services. You get a free EMV/NFC-capable credit card terminal when you sign up for a merchant account. Their qualified rate of 0.35% for debit cards and 1.55% for credit cards is very good. CreditCardProcessing.com doesn’t require any long-term commitments, which means that you can work on a month-to-month basis. This gives you the flexibility to change processors if you’re unsatisfied with your service. There is no cancellation fee if you decide to do so.