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Best Merchant Services

The best merchant account service lets you receive credit and debit card payments both online and in person from your clients. Additionally, you also get extra payment processing tools like virtual terminals, point-of-sale (POS) systems, payment gateways and card-reading devices. Merchant accounts can also be categorized into four segments, including local, offshore, direct and high risk. Our top 10 picks will help you to identify the best merchant services for your payment transactions.

Last Updated June 2024

Stax banner
  • Best for - Small businesses that transact heavily
  • Rates - $99 every month plus $0.08 for every swiped payment or $0.15 per entered payment
  • Contract duration - Monthly

If you’re a small business that transacts heavily, then Stax is a good start. Stax sells monthly contracts and has zero transaction fees.

You can also view built-in analytics, API and get support for e-commerce payments, all thanks to its digital dashboard called Stax Pay. The service also sports one of the best 24/7 customer support. The best part, you can terminate your contract early without incurring any cancellation fee.



Stax logo
Payment Depot banner
  • Best For - businesses with a processing value of at least $ 15,000
  • Rates - start from $ 49 per month
  • Contract duration - no contracts

Payment Deport makes membership pricing to make credit card processing affordable and simple for users. It's customizable enough to fit all businesses. They guarantee satisfaction with their 90-day full refund. You can switch membership plans at any time, depending on how your business grows. The application process is pretty simple, it takes a few minutes, and you can complete everything over a call with their representative. Their credit card processing services focus on the merchant rather than the bank. That is because a bunch of entrepreneurs spearheads payment Depot. The company has received a lot of favorable reviews online. They don't approve high-risk merchant accounts; you should look somewhere else if you are one. They have all the bases covered when it comes to helpful features. Pick from any of their three standardized plans and explore some of their services.



Payment Depot logo
Clover Merchant Services banner

Clover Merchant Services

  • Best For - Businesses in need of comprehensive payment processing solutions and top-notch customer support
  • Rating - 4.5/5

Clover is a one-stop shop for all your POS and credit card processing needs. Small businesses benefit the most because the company grows with you. They also have merchant services, contactless payments, and various integrations.



Clover Merchant Services logo
Helcim banner
  • Best for - Small businesses doing credit card processing
  • Rates - Starting at 0.30%
  • Contract duration - Month to month

Helcim is one of the best credit card processors for small businesses that process more than $5000 monthly because it has a one flat price and a monthly contract which you can leave anytime without paying a termination fee. Helcim gives a rate lock guarantee, which cannot increase the pricing. It has competitive rates and is cheaper than most credit card processors because it uses the interchange plus charging model for credit card transactions.

Their rates are cheaper than their competitors. With Helcim, you will access features such as point-of-sale software, QR code payments, and a hosted online store. Other features available are a virtual terminal, recurring payments and invoicing. It can integrate with other software such as Quickbooks online and desktop and shopping carts such as Magento. All these features do not come at an extra cost.



Helcim logo
ProMerchant banner
  • Best for - High-risk businesses, small businesses
  • Rates - Starts at 0.50%
  • Contract duration - Monthly

ProMerchant is the right choice for small businesses who operate in high-risk industries. The merchant service provides monthly contracts and zero gateway setups and cancellations. Noteworthy, ProMerchant also ships with a free EMV terminal at sign up.

Business owners get the freedom of selecting either the interchange-plus charge transaction fee or the interchange-plus fixed percentage rates. These options allow you (the merchant) to make an educated decision on the type of plan that suits your revenue stream. Moreover, you can always tweak your requirements, thanks to ProMerchant’s monthly contracts.

ProMerchant provides same-day approvals and processes payments within 72 hours of request. The merchant service also offers similar rate structures to American Express that you can use on Visa and MasterCard – a big plus.



ProMerchant logo
CardX banner
  • Best For - Businesses that want a simple and easy payment processing service.
  • Starting Price - $29
  • Free Trial - Available
  • Rating - 4.5/5

CardX provides its merchants with different payment processing options, both online and in-person, with features like zero percent credit card processing fees and complete visibility into customer transactions. CardX's user-friendly interface makes it easy to transact safe, fast, and lawful business payments without effort. The company has earned a great reputation for its simple regulations and payment structures, which include no surprises like extra fees for certain services. CardX has over 200 merchants as customers and 5,000 users, and it's fast-growing to become the industry standard for fee-free financial dealings.

Verifone is behind the scenes of the CardX POS terminals. Payments at retail locations, administrative offices, and educational institutions may all be made quickly and easily by installing these terminals. The point-of-sale terminals at CardX are compatible with both debit and credit cards. In addition to conventional payment methods like cash and checks, they now take online and virtual payments.

CardX does not use any other services or programs to power its service. With this service, businesses may access many payment methods through a single user-friendly interface.



CardX logo
Merchant One banner
  • Best For - full-service credit card processing
  • Rates - starts at 0.29%
  • Contract duration - 3 years

MerchantOne offers everything from an entire POS system to a card swiper for your mobile devices. They customize their packages to fit your business needs. They accommodate all sorts of businesses, including large enterprises and small organizations. Their monthly fee is $ 6.95, and it gives you access to 24/7 customer support services. However, their prices vary depending on the type of business. They don’t believe in leases, so you won’t be signing any contracts. They can set you up with a merchant account within 24 hours. They accept Visa, American Express, Discover, and Mastercard. They have plenty of credit card machines and hardware to choose from. They use advanced technology to make transactions easy.



Merchant One logo
Flagship banner
  • Best for - Small businesses, E-commerce businesses, short contracts
  • Rates - Starts at 0.35%
  • Contract duration - Monthly basis

Flagship is your best bet if you’re a small business owner. Flagship merchant service best identifies with the multiple options it offers its users. Furthermore, it’s been voted as leading merchant service for 8 years now. This is because Flagship is the best solution for a wide pool of businesses, including mobile, online, MOTO, in-store and more. You also get multiple payment options like EMV, NFC, Google Pay, Apple Pay, Samsung Pay and more. As such you can rely on Flagship to process your credit and debit card payments as well. The best part, Flagship doesn’t have commitment contracts and no cancellation fees.

What’s more, Flagship lets you select your preferred free hardware from Clover Mini POS system. Alternatively, you’re also free to choose from the EMV certified terminal when signing up. Additionally, Flagship gives a robust business management portal where you can monitor your transactions online. There’s also an offer of funding at sign up as well as cash advances nearing $150,000. Top of the list is the processing rate cover. This means that you receive a $200 AmEx gift card compensation if the service can’t offer the cheapest processing costs.



Flagship logo
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