CreditCardProcessing.com is a reseller of iPayment, which is one of the largest direct credit card processors in the country. This processor offers multiple pricing options as well as excellent contract terms and quality customer service that make is a good choice for your processing needs.
In the course of our testing, we put high value on processors that offered both interchange-plus and tiered pricing models because it gives you more options to choose from, and in some cases, tiered may be a good choice for your small business. CreditCardProcessing.com offers good rates, with an interchange-plus rate of 0.30% and $0.10, which is average compared to the other processors we reviewed. The qualified rate of 0.35% for debit cards and 1.55% for credit cards is very good.
CreditCardProcessing.com has a low monthly fee of $7.95 but does require a monthly minimum of $25 and a yearly PCI-compliance fee of $119. The monthly minimum comes from your processing costs and not from the total cost of a transaction. CreditCardProcessing.com can provide you with an EMV-ready terminal for one of the lowest prices on our lineup.
As we reviewed credit card processors, we looked not only for low rates and fees but also for transparency and consistency of information the companies provided. Our testers contacted CreditCardProcessing.com multiple times and the information we received was consistent throughout our testing. However, the company doesn't make information about its terms, fees and pricing available on its website.
This processor doesn't require any long-term commitments, which means that you can work with it on a month-to-month basis. This gives you the flexibility to change processors if you're unsatisfied with your service. There is no cancellation fee if you choose to end your relationship with CreditCardProcessing.com. If you decide to accept the company's free equipment offer, you are required to sign a 12-month contract. After the contractual term is over, you resume service on a month-to-month basis, which makes it one of the most reasonable contract requirements in our review.
The application process is simple and fast, and most of the documents can be signed electronically. As with all processors, we recommend that you read through the contract and the program guide that is linked to in the fine print. Account setup takes as little as one day, and after you begin processing, it takes between one and two business days for your funds to clear the account and be deposited in your business bank account, which is on par with the best credit card processors we reviewed.
CreditCardProcessing.com offers strong customer service. It provides its merchants with dedicated account reps, who we found to be helpful and knowledgeable in our testing. Customer service is available by phone 24/7. There is no live chat feature on its website.
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