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Top 5 Credit Card Processing Companies for Accepting & Sending Money Easily in 2019 – Merchant Accounts Explained

There is a multitude of credit card processing companies out there. However, we’ve compiled the list just playing top credit card processing companies so you can make the best choice for your business needs. Most credit card processing companies vary in price upon how much your transactions are each month and whether you need an online system or an offline system or both. You may be asking, “How can my small business accept credit cards?”.

You can choose any credit card processor you’d like to use to accomplish this. Some processors may require you to open a merchant account to operate your payment gateway. How much does it cost to process a credit card transaction? On average, it varies between 2.5% to 3% with an additional charge that’s usually not more than $0.30.


This is the first included among these credit card processing companies as a quality payment processor that allows you to accept payments or your products or services online. Square Services include a free credit card reader that’s sent to you in the mail. You can attach this device to your phone or tablet and accept payments on the go and online. It is relatively simple to set up especially when compared to its counterparts.

There is very minimal coding and installation making it easy for anyone to set up whether you’re a novice or a web developer. The pricing structure of different Merchant processors can be confusing. Simple uses a flat rate price of 2.75% for every swipe. If you use the Square register, the rate is 2.5% + $0.10 or each transaction. It’s better to swipe than to key and the card data if you key it in the rate becomes 3.5% + $0.15 for the sale.

There are no account fees or chargeback fees.

You don’t have to use Square on a long-term contract, so you’re free to pay-as-you-go. If you end up no longer watching the account there are no negative consequences; you can simply close the account with no problems. Some business owners have seasonal companies where they’re only busy during certain points of the year.

You only have to pay for the processing that you use, and you won’t have to worry about your account being closed because you didn’t use it for two months and get your money relatively quickly with Square. You can have the money deposited within two business days, or you can schedule to have the money sent to you faster. If you decide that you need the money within a day or less than two days, you will pay 1% of the total deposit.

This is one of the credit card processors that enables you to send invoices, text or email receipts, give discounts, and even split tickets so customers can split costs. What is the best app for credit card processing? The Square reader is small, convenient, and includes packaging to keep it housed while you’re not using it. What is the cheapest way to process credit cards overall? Square.


Stripe is among the credit card processors that integrate with Wix, WooCommerce, Squarespace, BigCommerce, and 3dcart. This online payment processor. Stripe includes a premade checkout form which you can add to your site by simply copying and pasting. This payment processor offers some different plugins to add customization to your site. If you want to make the purchase process more streamlined for your customer you can allow your customers to save their credit card information on strike check out.

This way your customer can buy something and never have to enter their credit card information again, making the process more convenient. With Stripe the rate that you pay is 2.9% + $0.30 for each transaction. Stripe allows you to accept ACH direct debit, ACH credit, and wire transfer payment. However, these services have differing price structures which are available on the Stripe website.

With Stripe, you only get charged when you make a sale. If your customer pays with an international card, there is an additional 1% fee. This 1% fee is also applied if it’s necessary to convert the currency of your customer into your currency. There is no additional fee to use features such as subscription billing, declined transactions, refunds, and card storage. There’s no termination fee if you decide to stop using stripe.

Initially, it will take seven to ten days to get your payments, and then this will change to either a two day or seven-day payout schedule. High-risk industries will be placed on a 7-Day rolling payout, but most businesses will be able to qualify for two-day rolling payments. Stripe accepts all of the major recognizable credit card brands such as MasterCard, Amex, Discover, Visa, and also JCB, China UnionPay, and Diners Club.

Chase Merchant Services

Chase Paymentech or Chase Merchant Services is based in Dallas and is one of the largest providers of merchant accounts in the US. Some business owners may not be aware that Chase Paymentech has been around since 1985 but has operated under different company names. Chase Paymentech is also the back end processor for Square. With all credit card processors, you have to connect the system to a back. But with Chase merchant services they serve as both the bank and the processing system.

Credit card processors like Chase offers credit card point-of-sale machines such as the Verifone VX680 and the Ingenico ICT250. Chase also provides a card reader, wireless terminal, and a mobile checkout app allows you to accept payments from Android and iOS devices. If you’re looking for the easiest option that’s fast to implement, Chase may not be the processor for you. There is a multitude of options to choose from and setting it up requires a few extra steps than most processors.

However, the benefit is you’re dealing with your bank and your credit card processor at the same time with Chase merchant services. This payment processor may be more appropriate for an international company rather than a local small business. Chase Merchant Services processes $1 trillion annually. The fees charged are 1.99% + $0.15 per transaction on debit cards and 2.99% plus $0.15 per transaction on credit cards. You may be most interested in the online fees which are 2.9% plus $0.25 per online transaction. There are no monthly fees and no fees for early termination. The company operates on a month-to-month contract so you can stop using the service whenever you deem necessary.


Braintree is a division of PayPal and is excellent for processing a lot of international payments. This payment card processor charges 1% as a flat rate for currency conversion. This is an ideal credit card processor for someone who is soli accepting payments online. Companies that require an offline and online solution would be wise to look elsewhere. If you’re interested in customization and have a web developer who can handle coding, Braintree is for you.

This Processing Company who else free access to its API. Braintree has many capabilities, but processing Ali pay isn’t possible. Merchants who are in China may want to choose among different credit card processing companies. Regarding fees, Braintree charge is 2.9% + $0.30 for each transaction. If you have a non-profit, the costs are 2.2% + $0.30 her sale. There are no minimums that you have to meet do keep your service, and there are no annual fees. Most companies have a fee for chargebacks or disputes, and it’s $15 with this process and company.

You’re looking to capitalize on the rising popularity of cryptocurrency payments you can do so with Braintree. There is a 1% transaction cost for processing Bitcoin but it is capped at $5.while Braintree is a part of PayPal payments that can be accepted are different. PayPal cannot accept Bitcoin while Braintree can.

Payment Depot

It functions as both a payment gateway and a virtual terminal can only be used by merchants in the U.S. Payment Depot charges a monthly fee plus $0.05-$0.15 per transaction. This may not be the best choice for seasonal merchants because you might be paying a fee to keep the service during offseason. Payment Depot company charges $49-$199 per month. The offerings of this credit card processors are meant for larger businesses rather than small startups. The most affordable plan is $29 per month and allows you to process $20,000 per month in transactions.

Alternatively, you can pay $49 per month and $0.15 per transaction. The $49 plan is for processing $40,000 per month. Another plan is $69 and allows you to process $100,000 per month. The final plan is $99 plus $0.05 per transaction and unlimited processing volume. Restaurants and retailers will benefit the greatest from Payment Depot services. These services are unique because it doesn’t charge you a percentage for each transaction, just a flat rate. Accept credit cards in person using the countertop or handheld terminals, mobile readers, and a tablet-based POS system. Internet orders are made possible using the Authorize.Net payment gateway. After the transaction, you’ll receive your funds within one to two business days. Which credit card processing is cheapest for small business? If you’re processing at least $20,000 per month, it’s Payment Depot. If you haven’t quite reached that level of processing, Square is the more affordable option.


Authorize.Net is an ideal choice for sellers concerned with fraud. This company deserves an honorable mention because so many retailers use it. More than 400,000 companies rely on this credit card processor to complete transactions. Credit card processor that is designed for online use only. It’s best for those who want a great deal of protection against chargebacks.

Authorize.Net has a setup fee of $49 and an additional $25 per month as a gateway fee. Per transaction, the company charges 2.9% + $0.30. There are upsides to the increased price. You’ll be able to process a variety of currencies. Authorize.Net is an older company that’s developed trust in many merchants over the years-since 1996. It’s appropriate for merchants who are highly concerned about the protection of their financial information.