What credit card processor do you use for your business?
What credit card processor do you use? Do you primarily accept credit cards online or in-person? What do you like/dislike about your processor?
If you were involved in choosing your processor, why did you pick them? What was the most important factor that led you to select them? Would you recommend them to other businesses?
The best credit card processor is one designed with your small business unique needs in mind. It not only allows you to pick and choose the types of services that are best suited for your products and services, but is also budget friendly and doesn't enforce stringent requirements or restrictions just because you're a small company.
Here is a roundup of our best picks and how we chose them. To help you find the right credit card processor for your business, check out our Credit Card Processing Buyer's Guide: How to Accept Credit Cards Online, In-Store or Anywhere.
In 2009, Twitter founder Jack Dorsey introduced Square, the first service that allowed merchants to accept credit card payments using their smartphones. Square included a card reader which, when attached to a smartphone, could read the magnetic strip information on a customer’s credit or debit card. The Square app provided an interface between the card reader and the merchant’s account for tracking transactions. While Square is still the leading player in the field of mobile payments today, it also has a lot more competition. Today’s small business owner has a large variety of providers to choose from. While all offer the same core function (i.e., credit and debit card processing), each provider also offers unique features and options that differentiate it from the competitors.
So, which one is right for you? The answer is going to depend on the nature and size of your business. Do you operate out of a traditional brick-and-mortar establishment? Do you sell online, either exclusively or in conjunction with a physical business location? Is your business a full-time occupation with a large volume of sales, or is it just a part-time side gig? Below, we’ve rounded up our top picks among the current crop of card-processing services, and summarized what we like (and don’t like) about each of them. Whether you’re running a large retail store or just selling fresh produce out of the back of your truck at the local market, there’s a card-processing service that’s right for you.