Top CPO Recommended Credit Card Processors
Below is a list of processors that score well in our independent processor reviews. As with any merchant account provider, be sure to fully read and understand the terms and fees of the merchant account agreement before signing it. If you are new to the credit card processing industry, or have been burned by a previous processor, it is highly recommended that you read Fee Sweep to learn about the costs and risks of obtaining a merchant account and accepting credit card payments.
Jump to: General Processing | Quote Generators | Mobile Processing | Merchant Account Alternatives
General Processing
Merchant Warehouse Logo
Merchant Warehouse
http://www.merchantwarehouse.com | (866) 460-5538
Merchant Warehouse is one of the best reviewed processors on CardPaymentOptions.com. This company stands apart from most other processors by offering month-to-month contracts, which is almost unheard of in the merchant services industry and ideal for most businesses. Additionally, Merchant Warehouse can serve just about any processing need and is known for having great customer support.
CDG Commerce Logo
CDG Commerce
http://www.cdgcommerce.com
CDG Commerce is another highly rated provider that serves just about any processing need. The company is another one of the very few that offer month-to-month contracts with no cancellation fee. Additionally, CDG is one of the best rated providers when it comes to customer service.
Chase Paymentech Logo
Chase Paymentech
http://www.chasepaymentech.com
Chase Paymentech is another highly rated processor that serves various processing needs. Although the company doesn’t offer month-to-month contracts (3-year service agreement, may be negotiable) Chase is known for providing low cost equipment and processing rates along with great customer support.
Quote Generators
BuyerZone Logo
BuyerZone
http://www.buyzone.com
BuyerZone is a company that matches merchants with credit card processors for the purpose of providing rate and fee quotes. After you have completed the BuyerZone questionnaire, your request will be sent to up to six processors who will then provide rate quotes directly to you. We highly recommend researching all providers that provide quotes, as BuyerZone may be partnered with providers that have not been reviewed on CardPaymentOptions, or scored well in our reviews.
CardFellow Logo
CardFellow
http://www.cardfellow.com
CardFellow is one of the best instant merchant account quote generators in the credit card processing industry. Simply provide basic information about your business and get quote comparisons from various providers instantly. Your information is not shared with any of the providers and CardFellow representatives can assist you in choosing a provider over the phone if you have questions. Overall, a great service for any processing need.
FeeFighters Logo
FeeFighters
http://www.feefighters.com
FeeFighters offers an instant merchant account cost comparison and quote service for U.S. and Canadian merchants. Merchants simply fill out a form providing some basic information about their business and then receive 6-10 instant quotes. The credit card processors that participate in FeeFighters’ program must fully reveal all fees and cannot have early cancellation penalties, thereby making all contracts month-to-month agreements.
Mobile Processing
GoPayment Logo
GoPayment
http://www.intuit-gopayment.com
GoPayment and Square offer very similar credit card processing services. Both work with the iPhone and Android smartphones, have an easy setup process, come with free credit card readers, have no monthly fees or contract and a straight forward rate pricing model. The one benefit that GoPayment has over Square is a dedicated customer support phone line. Whereas Square relies mainly on email customer support.
Square Logo
Square
Square has one of the easiest mobile processing services on the market to set up and use. Square also has no contract, no monthly fees and a single flat processing rate per transaction. The only drawback is that Square holds funds over $1000 for 30 days if the charges occur within a seven day period. If you have larger mobile processing needs, contact Merchant Warehouse.
Merchant Account Alternatives
2Checkout Logo
2Checkout
http://www.2checkout.com
2Checkout is a great option for online retailers that need feature-rich e-commerce tools and a robust user control panel. Even though 2Checkout’s transaction fee is somewhat higher than PayPal’s, 2Checkout beats PayPal when it comes to online tools, payment options and overall customer satisfaction. Additionally, there are no monthly fees, gateway fees or cancellation fees, so merchant’s do not have to worry about being locked in to any contracts. 2Checkout can also be used by international merchants from just about any country.
PayPal Logo
PayPal
http://www.paypal.com
If you have a brand new business, process less than $1000 a month or cannot qualify for a normal merchant account, PayPal is a great alternative to traditional credit card processing. Online retailers should also offer PayPal as an additional payment option because many consumers prefer to using their PayPal account for online transactions. Additionally, PayPal has great features for collecting online donations for non-profits and religious organizations. Be sure to select a “business” account when signing up.
