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Most businesses approved within 24 hours
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Rates customized to meet the unique needs of your business
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Security measures to protect customers from frauds
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Accepts merchants with high-risk profiles
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One-stop-shop for all your payment processing needs
See extra details & advantages
24/7/365 Technical Support
Free EMV Terminal
Customized Account Setup
Pros & Cons
Pros & Cons
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Accepts merchants with high-risk profiles
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Industry low rates
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24/7/365 customer & technical support
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Customizable account solutions
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Fees for early termination
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3 Years contract
Why We Picked It:
Why We Picked It:
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Full Clover™ suite POS equipment to merchants
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Zero Cost Processing
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Cloud based software
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Accepts all payment types
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Super-competitive processing rates
See extra details & advantages
24/7 Support
Mobile Payments
Clover POS reseller
Pros & Cons
Pros & Cons
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$0 Cost Processing option with Cash discount pricing
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Focus on security and fraud prevention - PCI Protections
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Super competitive processing rates
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Wide range of payment solutions
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Pricing structures may vary and may require customization for some businesses
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Early contract termination is a charge by Paysafe, as are most businesses in this niche
Why We Picked It:
Why We Picked It:
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Transparent pricing
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Prepriority Clover software
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Complete line of Clover hardware
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Developers can build apps on their platform
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Loyalty programs collect emails for marketing to
See extra details & advantages
24/7 Support
No Hidden Fees
Easy-To-Use
Pros & Cons
Pros & Cons
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24/7 Live help
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30-Day free trial
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Quick deposits to your bank
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Multiple mobile app add-ons
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Expensive for low volume businesses
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36-48 Month contracts- early termination fees
Why We Picked It:
Why We Picked It:
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Robust reporting features
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No setup fees
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Multi-layered security
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Easy mobile payments solution
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Using the best technology on the market
See extra details & advantages
24/7 Unlimited Support
Low Rates & Fees
Free EMV Terminal
Pros & Cons
Pros & Cons
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Offering a comprehensive payment processing solution
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Transactions are processed quickly and securely using the latest technology
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User-friendly interface
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Offers excellent help & support with a dedicated team
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Services may be more expensive than some others
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Merchant One may not be the right choice for businesses looking to expand internationally
Why We Picked It:
Why We Picked It:
Our Rating System
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The star ratings are based on the overall rating of each brand.
We encourage you to write a review of your experiences with these brands and share your experiences with others
Our Best Overall Provider
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Most businesses approved within 24 hours
-
Rates customized to meet the unique needs of your business
-
Security measures to protect customers from frauds
-
Accepts merchants with high-risk profiles
-
One-stop-shop for all your payment processing needs
See extra details & advantages
24/7/365 Technical Support
Free EMV Terminal
Customized Account Setup
Pros & Cons
Pros & Cons
-
Accepts merchants with high-risk profiles
-
Industry low rates
-
24/7/365 customer & technical support
-
Customizable account solutions
-
Fees for early termination
-
3 Years contract
Why We Picked It:
Why We Picked It:
YOU MIGHT BE INTERESTED IN POINT OF SALE PROVIDERS
Our Top Picks for
What Are Merchant Services?
Merchant services companies are a service provided to businesses that let the business process credit cards, receive direct deposits, and accept online payments. There are thousands of merchant service providers. Each organization offers its own tools, services, and prices, ranging from third-party merchant services providers to large bank-operated merchant services. In today’s world, most small and medium-sized businesses use a third-party merchant services provider. They will take credit card information, process the payment, and deliver the funds electronically, right into your bank account. Merchant services providers will also accept online payments from customers.
How to pick the best Merchant Services provider
It makes sense to look for a provider that can deal with all or the majority of your company's needs, from the equipment you use to the accounting program you have, and everything you can automate in between. Some companies have processing fees while other merchant service companies have one monthly fee and no other hidden costs. Know what each company offers and weigh the costs for both. Are you in an industry like CBD or other niches that are difficult to get payment gateways for? There are providers for these types of industries, you just need to look for them.
Our Top 3 MERCHANT SERVICES
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Accepts merchants with high-risk profiles
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Industry low rates
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24/7/365 customer & technical support
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Customizable account solutions
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Fees for early termination
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3 Years contract
Leaders Merchant Services offers extensive processing services, a simple online application process, and some of the lowest rates in the industry regardless how small or high risk your business is. There is great 24/7 customer and IT support and you will usually be approved for your account the same day or within 24 hours
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$0 Cost Processing option with Cash discount pricing
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Focus on security and fraud prevention - PCI Protections
-
Super competitive processing rates
-
Wide range of payment solutions
-
Pricing structures may vary and may require customization for some businesses
-
Early contract termination is a charge by Paysafe, as are most businesses in this niche
There are many reasons why Paysafe has a commendable rating among other merchant account service providers. For one, they offer extensive services and provide the necessary support for merchants. Paysafe is at the forefront of its industry if it comes to web and logo design, loans and cash advances, payment gateways, and so on. In addition to that, Paysafe offers a generous sign-up bonus. In general, Paysafe is a good choice for all merchants.
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24/7 Live help
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30-Day free trial
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Quick deposits to your bank
-
Multiple mobile app add-ons
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Expensive for low volume businesses
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36-48 Month contracts- early termination fees
Clover Credit Card Processing is a payment processing solution designed to help businesses accept and manage credit card payments. The system is designed to be user-friendly, with a simple interface that makes it easy to accept payments and manage transactions. Clover also offers a secure payment gateway, which protects sensitive customer data and prevent fraud. Additionally, the system is PCI compliant, meaning it meets the Payment Card Industry security standards.
Kelly Weissman
Kelly Weissman is an expert analyst and reviewer who has a wealth of experience.
She is highly respected for her opinions and insights, and her reviews are sought after by both consumers and businesses alike. Kelly is a trusted source of information and her reviews are always fair and objective.
What Are Merchant Services?
Merchant services companies are a service provided to businesses that let the business process credit cards, receive direct deposits, and accept online payments. There are thousands of merchant service providers. Each organization offers its own tools, services, and prices, ranging from third-party merchant services providers to large bank-operated merchant services. In today’s world, most small and medium-sized businesses use a third-party merchant services provider. They will take credit card information, process the payment, and deliver the funds electronically, right into your bank account. Merchant services providers will also accept online payments from customers.
How to pick the best Merchant Services provider
It makes sense to look for a provider that can deal with all or the majority of your company's needs, from the equipment you use to the accounting program you have, and everything you can automate in between. Some companies have processing fees while other merchant service companies have one monthly fee and no other hidden costs. Know what each company offers and weigh the costs for both. Are you in an industry like CBD or other niches that are difficult to get payment gateways for? There are providers for these types of industries, you just need to look for them.
FAQ
How Do I Know Which Type of Merchant Account Is Right for My Business?
There are three types of merchant accounts: retail, MOTO, and eCommerce. If you take payments in person from customers, you need a retail account. If you process mail or telephone orders, you need a MOTO account. And if your business is entirely online, you’ll need an eCommerce account.
How Long Does It Take to Get Approved and Set Up a Merchant Account?
In general, the entire process from application to activation takes about two weeks. However, in some cases, it may take a little longer. To speed up the process, be sure to have all of your documents are ready to go.
What Are Merchant Services for Small Business?
Merchant services for small business are a type of payment processing service that allows companies to accept payments from customers through credit or debit cards. Banks typically offer this type of service, but there are also many independent providers who offer these services.
When you sign up for merchant services, you will be given a merchant account. This account will be used to hold the funds from your transactions. Once the money has been transferred to the bank account, you can then use it however you wish– whether that’s reinvesting back into your business, covering operational costs, or paying employees.
How Much Should I Pay for Merchant Services?
The cost of merchant services will vary depending on the provider you use and the type of account you have. Basically, businesses will pay a monthly fee, a per-transaction fee, and sometimes an additional charge each time a customer uses their card.
Depending on what your business needs, you can expect to pay anywhere from $20 to $100 per month for merchant services. The per-transaction fee is typically around 0.25% – 0.50%, but this will vary depending on the provider you use.
Can I Manually Process Transactions with a Merchant Account?
Yes, you can manually process transactions through your merchant account. You will need to provide the customer’s credit card information and the purchase amount. The transaction will then be processed through the merchant account and appear on your statement.
Manually processing transactions are often used for mail orders, telephone order businesses, or businesses that do not run a website.
How Do I Withdraw Money from My Merchant Account?
Withdrawing money from your merchant account is typically done through a process called ACH (Automated Clearing House) transfers. This electronic network handles the transfer of funds between financial institutions.
To withdraw money from your merchant account, you will need to share your bank account information with the provider. Once the funds have been transferred, they will be available in your bank account within a few days.
Important to know about Merchant Services SERVICES
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If your business needs to accept credit or debit card payments, you’ll need to open a merchant...
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Kelly Weissman
Creative writer and editorKelly Weissman is an expert analyst and reviewer who has a wealth of experience.
She is highly respected for her opinions and insights, and her reviews are sought after by both consumers and businesses alike. Kelly is a trusted source of information and her reviews are always fair and objective.
