There are two options of merchant account you can choose for accepting take credit card payments, including traditional providers like Cayan and an all-in-one service like Square take card payment. All-in-one providers offer simplicity for small business that can be a payment gateway, the POS, and merchant. Meanwhile, traditional merchant services which offer lower rates for larger business although perform one function.
Best Merchant Account Services for take Credit Card Payments
1. Square Payments
Square Payment is a free account that lets businesses process take credit card payments through a virtual terminal or invoice payments with flat rates, whether in-store, online and mobile payments. The standard online card processing fee is 2.9% plus 30 cents, keyed-in payments are 3.4% plus 15 cents and in-person is 2.75 %. Square offers you with a magstripe card reader for free for in-person payments after you signing up for a Square Payments free account. Square Payments is easy to use and a great choice for startups, people who sell only occasionally, and small businesses.
PayPal provides an all-in-one credit card processing solution for in-person and online take credit card payments with flat-rate processing. PayPal does charge a fee that starts at $25 for the basic card reader to plug into your smartphone. However, this merchant account provider does not have minimum processing requirements or any monthly fees, which is perfect for small businesses. The advantage to using PayPal is you can accept PayPal payments to credit or debit cards.
Shopify allows retailers to sell, in-store, over mobile and social media as a POS and e-commerce solution. Shopify is an all-in-one solution that has a built-in payment processing solution. This merchant account provider is recommended for serious retailers that need e-commerce platform.
So it is important for you to choose the right merchant account provider services that suitable for your business needs. That’s all about best merchant account provider services for take credit card payments.