We earn commission when you buy through affiliate links.
This does not influence our reviews, ranking, or recommendations.Learn more.
The growing penetration of digital payment across various online businesses has made payment processing solutions grow enormous.
you might trust Geekflare
At Geekflare, trust and transparency are paramount.
It was founded in 2014 in Florida, USA.
Stax provides powerful dispute monitoring and response tools to help you effectively manage chargebacks.
Itsequipment lending and surcharge processing allow merchants to pass on fees to customers.
Integration with tools like QuickBooks, Shopify, and Zapier will simplify workflows and offer total centralized management.
Its month-to-month contract helps businesses stay flexible.
Stax pricing starts at $99 per month for a $150,000 processing volume per year.
Stax Pros/Cons
It doesnt charge a markup on interchange fees, which most payment processors charge.
Customized dashboards for managing transactions
Fast access to your funds through Same Day Funding.
Customizable cloud-based smart terminals for enhanced analytics and security.
It is not preferred by businesses with low volumes due to the flat pricing model.
Automated Clearing House (ACH) processing and Brand customization tools are optional add-ons that would draw additional fees.
It was launched in 2009 in California, USA, and processes hundreds of billions of dollars yearly.
Merchants can boost their payment performance by adopting Stripes fraud prevention and accurate authorization tools.
Protecting customer data requires utilizing a secure platform.
Stripes secure and unified platform resonated well with large global businesses looking to optimize payment economics.
Stripe Pricing
Stripe offers a pay-as-you-go pricing structure with no monthly setup or hidden fees.
For businesses with large volumes, it also offers customized pricing options.
Stripes standard pricing begins at 2.9% + 30 cents per successful transaction for domestic cards.
Supports crypto exchanges and deposits in 180+ countries using local payment methods.
The pricing model could prove expensive for low-volume businesses.
Disputed payments are charged at $15.00 on card transactions.
Higher fees for cards that require currency conversion may not be cost-effective for businesses that frequently accept international payments.
Random account termination with minimal justification.
PayPal is one of the easiest platforms to set up quickly and accept payments for all business segments.
There are no monthly fees for using PayPal, but there are fees associated with each transaction.
PayPal prioritizes security by complying with PCI standards while providing industry-standard encryption and fraud prevention measures.
PayPals around-the-clock customer support team is available via phone, chat, or email.
PayPal invoices assist in streamlining, accelerating, and customizing billing to fulfill merchant branding requirements.
PayPal was founded in 1998 in San Jose, California, as Confinity.
Around 2002, the company Confinity became PayPal and went public.
As of mid-2023, PayPal has over 430 million accounts worldwide.
The following payment structure is related to the US.
Standard credit/debit card payments for online transactions: 2.99% + 49 cents per transaction.
Bank transfer and digital wallets like Apple Pay, AliPay, etc.
on the Shopify store.
Shopify Payments also provides mobile solutions called POS Go to take payments safely and on the go.
Shopify Payments was first launched by Shopify in 2013 in Ottawa, Canada.
The basic plan starts with a monthly fixed pay of $29.
It offers end-to-end payment solutions to accept payments online, in person, or on the go.
With Square Banking, managing your payments, banking transactions, and cash flow has never been easier.
A committed Square staff is ready to support you whenever you have questions or issues with the system.
The best part of implementing Square Solutions is that no long-term contracts need to be signed.
The rate for online payments via cards is 2.9% + 30 cents per transaction.
For Manually keyed-in transactions, the rate is 3.5% + 15 cents per transaction.
It was founded in 2011 and is based in Sunnyvale, California.
With Clovers help, merchants can build fully customized payment solutions using its various hardware and software solutions.
Clover Pricing
Clover offers flat rates and a transparent pricing structure for POS hardware models and software solutions.
Monthly software fee starts at $14.95 and moves higher depending on the features.
It originated in 2004 in Washington, USA.
Gravity Payments payment solutions are coupled with round-the-clock USA-based support with an average wait time of just 36 seconds.
The in-store solution includes portable handheld and countertop POS.
Gravity Payments also provides software to run a bridal shop, with unique tools to manage a shop.
In addition, tokenized transactions are also used to protect card information.
Gravity Payments Pricing
Gravity payments offer flat pricing and custom pricing.
Provides quick funding of 1-2x your monthly sales without compounding interest and fixed repayments.
It was launched in 2006.
Merchants can also offer their customers an ACH bank transfer payment option to save credit card fees.
Real-time reporting and automated product tracking help to maintain product inventory and gauge the business performance.
Helcim provides freeinvoicing softwarethat simplifies billing and payment operations on one platform if you are looking for billing options.
Payanywhere was founded in 2011 in the United States.
Payanywhere Pricing
Payanywhere offers a pay-as-you-go model for card-present and keyed payments.
PaymentCloud was founded in 2015 in Los Angeles, USA.
PaymentCloud supports high-risk businesses in accepting payments, offering chargebacks, fraud prevention, and PCI-compliant virtual terminals.
It reduces payment processing fees while providing recurring billing functionality and lowering the number of declined transactions.
PaymentCloud Pricing
PaymentCloud doesnt charge setup fees or hidden costs.
For pricing details, drop a line to the sales team.
It was founded in 2007 and has its headquarters in Utah, United States.
National Processing is one of the top 5000 fastest-growing companies in the United States, at position 1229.
National Processing secures the payment process through tokenized transactions, advanced fraud safety tools, and real-time reporting.
National processing has a user-friendly interface that provides specific real-time metrics for tracking sales and customers.
It easily integrates with various POS systems, e-commerce platforms, accounting tools, and CRMs.
It offers month-to-month contracts and no cancellation fees.
Plus, it allows it to accept mobile wallets like Apple Pay and Google Pay.
In 1997, Chase and FDC established a joint venture, creating Chase Merchant Services.
In 2005, Paymentech merged with Chase Merchant Services to form an integrated payment solution.
By 2008, it became the JPMorgan Chase subsidiary for merchant services.
Chase Pricing
Chase offers transparent pricing with no hidden fees.
Get competitive rates with tap, dip, or swipe transactions at 2.6% + 10 cents.
Manual keyed-in payments and e-commerce transactions at 3.5% + 10 cents & 2.9% +25 cents, respectively.
Chase Payment Solutions Pros/Cons
Same-day deposits at no additional cost.
Built-in Chase business banking solutions
Available only in the USA.
Payline extends its cutting-edge payment solutions for online, in-person, virtual terminals, and mobile solutions.
Payline, founded in 2009, is one of the Magazines 500 Fastest Growing Companies.
It is headquartered in Chicago, Illinois, and has a customer base of nearly 10,000 merchants.
Its point-of-sale (POS) system provides instant transaction processing and includes inventory tracking, quick transactions, etc.
Payline central dashboard supports activities like report viewing, transaction recording, customer contact saving, and invoicing.
With Paylines API, customized integrations can be easily built using native or third-party software.
The company offers fair pricing, which is reasonable considering the services provided.
Payment plans are more flexible, with no tool fee, no cancellation fee, and no lengthy agreements.
It is a price-effective way for businesses of any size.
Payline provides over 100 integration options, including Shopping Carts, POS systems, and QuickBooks.
The support team is available 24/7 to assist you with real human help.
Payline contains a surcharge feature that enables businesses to pass the costs as surcharges to customers.
Payline is a PCI-compliant platform that offers full reporting capabilities.
For better convenience and control, you could filter by date, user, amount, or card brand.
Payline Pros/Cons
Tie-up with multiple vendors like Clover, Ingenico, Magtek, etc.
for virtual terminals
Auto-calculate taxes and gratuity
Provides recurring billing methods
There are no early termination fees.
Do not have their own POS systems, promote other brands.
The company offers the best customer support and functions under strict adherence to PCI guidelines.
Payment Depot was founded in 2013 and is based in California, United States.
It was acquired by Stax in 2021.
Payment Depot Pricing
Payment Depot has no long-term contracts, setup, or cancellation fees.
It offers variable rates as low as 0.2% 1.95% and transactions up to $250,000/year.
They promote other companies POS and terminals; they dont have their brand.
What are the Criteria for Choosing a Credit Card Processing Merchant?
Ensure a processor will handle the unforeseen volumes of transactions, especially during peak business periods.
Either way, keeping watch on a PCI compliance fee or an early termination fee is also vital.
Besides, processors that offer fraud prevention tools and chargeback protection will help merchants and customers be at peace.
Transparent contract terms
Have clear and fair contract terms in place for any processor you choose.
Usually, they sign a long-term agreement, so look for any early cancellation fees attached to it.
What is the Best Credit Card Processing for Big Business?
Stripe is the most scalable enterprise-grade credit card processor.
It supports 47 countries and over 135 global currencies for cross-border transactions.
It also results in reduced customer churn since revenue and finance processes are automated.
It makes tax compliance more accessible, with sales tax even being covered by over 40 markets.
Stripes native advanced fraud prevention and authentication further amplifies authorization rates as high as 5%.
What is the Best Credit Card Processing for Non-profits?
The Square POS app helps gather donor information directly from transactions.
This data can be stored in the Square Dashboard, allowing you to follow up with customers easily later.
Non-profits can completely customize the donation pages to promote their organizations branding and messaging.
What do Credit Card Processing Companies do?
Security is a relevant parameter meticulously handled by Credit Card Processing Agencies.
What are the Different Types of Online Payment Systems?
What are the Types of Payment Gateways?
There are fourtypes of payment gateways, which are listed below.
What are the Best Payment Processors?
Some of thebest payment processing solutionsinclude Stripe, Stax, PayPal, and Shopify.
Regulations and Criteria for Processors
How Does Credit Card Processing Work?
The working process of credit cards is explained below.
Are Credit Card Processors Secured?
Yes, credit card processors are safe.
; the card processor must comply with all these factors to protect the information of the cardholder.
