Credit Card Payment Processors: Which Company For Your Payment Needs?

Credit cards are still a staple payment method for both face-to-face and online payments.

Payment Processors take care of the complicated back end of credit card transactions, and business owners literally can’t do without them.

Still, retailers or merchants seeking card processing services search for specific qualities depending on their needs and priorities.

For instance, while some are experts in in-person payments, others specialize in ecommerce and would be best for web-only merchants.

So, what are some of the best Credit card payment processors?


PayPal is a reputable payment processor with some of the most affordable retail merchant services.

It charges 2.7% for each face-to-face payment. Each online transaction costs 2.9% + 30 cents. And every transaction that goes via a PayPal’s virtual terminal costs 3.1% + 30 cents. Lastly, manually entered credit card transactions cost 3.5% + 15 cents per payment.

PayPal also has Point-of-Sale and enables mobile credit card processing for face-to-face payments.

And for the icing on the cake, it ensures unwavering merchant support and has a lending program for micro-businesses.


Stripe is also known for affordable rates of up to 1.4% + 2p and quality services, making it a favorite for many UK merchants.

Stripe also provides (1) free-of-charge online reporting, (2) accepts SEPA Direct Debit and other European payment avenues, and (3) hassle-free integration into multiple web shopping carts.

However, it has no card terminal, so it is not the processor for retailers who prioritize face-to-face payments.

3.QuickBooks Payments

QuickBooks is famous for its rich pool of micro-business accounting software. Still, it sells quality credit card processing services excellent for QuickBook fans.

QuickBooks Payments allows merchants to take both debit and credit cards, as well as ACH payments. It has a transparent fee model that charges a flat fee per transaction.

QuickBooks also enables.

  • Face-to-face payments at 2.4% + 25 cents per payment.
  • Manually keyed payments at 3.4% + 25 cents per payment.
  • Invoiced payments at 2.9% + 25 cents per payment, QuickBooks requires merchants to have their merchant accounts for credit card processing.


Square is a renowned payments expert that serves small and large companies for various sectors. It also enables mobile credit card processing for face-to-face payments and useful ecommerce technologies.

Its flat-rate pricing plan ensures a merchant pays a fixed fee regardless of the type (or brand) of the card.

Face-to-face transactions costs 2.6% per payment while the high-risk manually entered transactions costs 3.5% + 15 cents per payment.

Square is also a payment aggregator; it has a pool account that accepts retailers as sub-merchants under its main merchant account.

Final Words

Adyen, Helcim, Payline, and also offer credit card processing solutions for small and large businesses. Business owners must compare rates and services to make an informed decision.

Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of retail merchant services. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie on his backyard porch, as should all right-thinking people.

This entry was posted in Business Tips and tagged . Bookmark the permalink.

Leave a Reply