7/23/2023 0 Comments Cheapest credit card terminalGrowth - $99 per month plus processing costs for processing up to $500,000 worth of transactions per year.Starter Plus - $79 per month plus processing costs for processing up to $250,000 worth of transactions per year.Starter - $59 per month plus processing costs for processing up to $125,000 worth of transactions per year.Payment Depot recently reworked its payment plans, which include: However, it is possible that the two will merge at some point in the future. As of now, the two will continue to operate independently of each other. The parent company behind Stax recently purchased Payment Depot, meaning these two competitors are now sister companies. They simply charge a fixed amount per transaction on top of the interchange fee. Payment Depot does not take a percentage of each transaction. The prices are lower than the competition, but you need to be a member.įor this reason, Payment Depot is the best option for high-volume merchants. Think of Payment Depot as the Costco for credit card processing. Their system is simple they charge a membership fee to give you access to wholesale processing rates. Payment Depot processes more than $4 billion in credit card sales with over 3 million transactions per month. Payment Depot - Best for high-volume payment processing It’s important to note that this program is exclusively for companies based in the US. Stax also provides a robust knowledge base and 24/7 customer support. Transaction fees are 0.00% + $0.08 on swiped/chip transactions and 0.00% + $0.18 on online transactions. The subscription pricing starts at $99 per month, including ACH processing, analytics, and more. Stax has processed over $9 billion in payments since opening its doors in 2014, and boasts a pretty amazing 95% customer satisfaction rating, in addition to good reviews across platforms. From the dashboard, you can run reports, view statements, do invoicing, and access customer support. Stax Pay is the company’s centralized platform for users to accept all payment types and integrate tools in one intuitive dashboard. Stax integrates with most third-party POS terminals for free, and you can also purchase virtual POS terminals and mobile card readers from Stax directly. You can accept payments from almost any point-of-sale (POS) system, online payment gateway, or through the Stax mobile app for iOS and Android. Electronic invoices that can be paid via email or textĪccepted cards include Visa, Mastercard, American Express, Discover, debit cards, JCB Dining, EBT, Health Flex, Wex, and Voyager.Contactless payments, where buyers can wave their contactless card, phone, or smartwatch over the terminal to make a payment.All major credit and debit cards, including card-on-file recurring billing.Stax accepts every type of in-person or online payment option you can think of, including: Stax is most widely known for its transparent fees, subscription-based pricing model, and 0% markup on interchange rates–and for accepting all payment types. Services include low-cost ACH processing, integrated payments, invoicing and billing software, analytics, and more. Stax is an all-in-one merchant services provider. Stax - Best For Reducing Fees on All Payment Types Payline – Best for high-risk businessesįor each processor, I’ll break down the pricing, benefits, drawbacks, and which types of businesses should consider the service.īelow that, you’ll find a guide to how we selected the processors on this list and how you can use the same criteria to make the best choice for your business.CDGcommerce – Best for non-profit organizations.PayPal – Best simple solution for small business payment processing.National Processing – Best for paying month-to-month.Flagship Merchant Services – Best customer service for small businesses.Helcim – Best for small businesses processing more than $3,000 per month.Square – Best for stores with in-person and online sales. ![]() Payment Depot – Best for high-volume payment processing.Stax – Best for reducing fees on all payment types.The 10 Best Credit Card Processing Services ![]() Whether you’re selling in-person or online, this guide will help you choose the best credit card processing service for your business. Want to jump straight to the answer? The best credit card processing services for most businesses are Stax or Square.Ī good credit card processor is crucial for the success of your company.
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