What is the best way to shop around for credit card processing rates?
I am looking to make sure our current credit card processing rates are still the best available, I went online to find out the best rates to negotiate with our vendor, Toast, and I am not able to find an answer. How do I shop around?
Thanks,
Pam
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Feb 10, 2020
Hi Pam,
A good place to start is with our credit card processing and mobile credit card processing reviews. When you click on each company's review, you'll see the rate information we found on the company's website or were quoted. Then, when you find a company with good rates, you can check out its website to verify that the rates haven't changed since our review (if they're posted online) or call the company for a quote specific to your business.
Here are the links to our reviews:
https://www.business.com/categories/best-credit-card-processing/
https://www.business.com/categories/best-mobile-credit-card-processing/
Or, if you're looking for credit card processing rates for POS vendors, check out our reviews for POS systems and restaurant POS systems. For companies that offer in-house credit card processing (like Toast), we list the rates we found on their websites or were quoted. (For these reviews, credit card processing rates are listed near the bottom of the reviews under the section labeled "Additional Considerations")
Here are the links to our POS reviews:
https://www.business.com/categories/best-ipad-restaurant-pos-systems/
https://www.business.com/categories/best-pos-systems/
Best of luck with your rate shopping!
Lori