Best Retail Merchant Account Providers

What to Know Before Getting Started

Starting a New Business?

Selecting a credit card processor is often more complicated than most people expect. How much should you be paying in fees? Should you lease or buy equipment? Should you be locked into a service agreement for anything length of time? These considerations and several others are imporant to understand before signing up with any merchant account provider. Mistakes are easily made and can be very costly to your business. Along with seeing our top choices for payment services below, be sure to checkout this post to avoid common traps in the merchant services industry.

Considerations For Current Business Owners

Changing merchant accounts can be an expensive, complicated, and time consuming process. Are you really going to save as much as promised? Do you need to buy to new equipment or sign new lease agreements? Will there be other less accountable costs such as those associated with employee retraining? Before selecting one of our choices below, you may want to consider renegotiating your fees with your current payment processing vendors using the help of a contingency-compensated consultant. It can result in a dramatic decrease in costs without the pains of switching. In some cases business owner have also obtained substantial refunds of prior overcharges along with saving thousands in future processing costs. See this post to learn more about this little-known alternative to changing merchant account provider.

Finding The Good Guys Can Be Tricky

Retail is the largest and most competitive sector of the merchant services industry. There are hundreds of payment solutions for every type of retail location, from traditional countertop terminals to tablet-based POS to mobile phone swipers. And since nearly every merchant account provider offers some kind of general credit card processing solution for retail, it can be difficult to tell good providers from bad.

We’ve Done The Research To Find The Best Ones

That’s why we’ve prepared this list of the best merchant accounts for retail. This list includes providers that offer complete payment processing solutions for pop-up stores, enterprise level corporations, and everything in between. More importantly, though, they all have well-deserved reputations for providing fair pricing, helpful customer support, and reliable service. In order to ensure that you find the best fit for you, click through the list and see what each provider has to offer before contacting a sales rep.

Our unbiased articles are supported in part by helping you find highly reviewed merchant accounts. You can learn more here.

Why These Merchant Account Providers

Fattmerchant

Best Overall Option

Active since early 2014, Fattmerchant is a merchant account provider leading the industry’s move toward flat-rate, subscription-style pricing. The company’s products and services include EMV-compatible countertop terminals, a virtual terminal, an online payment gateway, an online shopping cart, mobile phone processing, QuickBooks integration, online invoicing, and recurring billing. Fattmerchant is capable of serving all standard-risk retail business types and offers free equipment for all accounts.

Fattmerchant Pricing

Fattmerchant offers multiple pricing plans with different rates, but all of its plans charge a fixed monthly fee and a fixed per-transaction dollar amount above interchange. In other words, none of Fattmerchant’s plans charge a percentage-based fee on each transaction, meaning that merchants will not pay more to process a large transaction than they will a small transaction. Fattmerchant currently has an “A” rating on CPO and an “A+” rating with the Better Business Bureau.

For more information, visit the Fattmerchant website, or call (866) 397-9826.

Host Merchant Services

Retail & E-Commerce Combined

Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for most general retailers. The company’s products and services include point-of-sale solutions, online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, gift and loyalty programs, and merchant cash advance. Host Merchant Services specializes in e-commerce businesses but is able to serve retail businesses just as well.

Host Merchant Services Pricing

Host Merchant Services has received only positive feedback on public forums, with most reviewers singling out the company’s customer service for praise. The company offers interchange-plus pricing with no early termination fees to all of its merchants, meaning that users will enjoy the most transparent pricing model and can cancel service without penalty. The BBB gives Host an “A+” rating, and CPO also gives the company an “A+.”

For more information, visit the Host Merchant Services website or call (888) 727-4538.

PaymentCloud

Accepts All Business Types

Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving retail businesses of nearly any type. This includes “high-risk” retail industries such as CBD and Kratom businesses. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. PaymentCloud provides a dedicated account rep to all new merchants for the life of the account.

Custom Pricing Plans

The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant’s business type and processing history. The BBB does not maintain a profile for PaymentCloud at this time, but CPO gives the company an “A.”

For more information, visit the PaymentCloud website or call (888) 506-7859.

Our unbiased articles are supported in part by helping you find highly reviewed merchant accounts. You can learn more here.

Why These Merchant Account Providers

Other Merchant Account Options

The providers in this section may not have been researched as thoroughly or may lack a quality that prevented them from being listed above. We have listed them here to provide a broader view of potential merchant account options. Are you a decision maker with your company and believe that you should be listed below? Tell us here.


Payline Data

Operating from its headquarters in Chicago, Illinois, Payline Data is the best payment processing option for retailers that we have reviewed. The company can supply point-of-sale solutions for traditional brick-and-mortar locations, small mobile merchants, e-commerce stores, MOTO businesses, and most other retailers including some high risk merchant accounts. Its products and services include merchant cash advance, an online payment gateway with QuickBooks integration, wireless terminals, EMV and NFC acceptance, and a USB swiper for desktop computers.

Payline Data earns the top spot on this list because it has received widespread praise from merchants for its interchange-plus pricing structure with no cancellation fee and its friendly, helpful customer support team. It is a solid all-around processor that will be a good fit for just about any retail business. Our review of Payline Data gives the company an “A+” rating, while the Better Business Bureau gives Payline an “A.”

Chase Paymentech

Chase Paymentech is the payment processing division of JPMorgan Chase and is one of the largest direct processors in the world. The company can provide processing solutions for retailers of any size, including future-proof countertop terminals, online payment acceptance, mobile swipers, a virtual terminal, check acceptance, and recurring billing. Chase Paymentech also consistently distinguishes itself from its other major bank competitors by maintaining a remarkably low complaint rate relative to its size. Chase Paymentech currently has an “A” rating on CardPaymentOptions.com and an “A+” with the BBB.

Thank you for reading my review. I hope that it has helped you with your research.

Why I'm Qualified to Write About Credit Card Processing and Merchant Account Services

I'm a former credit card processing sales director who left the industry because I didn't like how it takes advantage of small business owners. It feeds like a leech on businesses and thrives by imposing fees that are nearly impossible to comprehend. Seeing a need for change, I left and built this website help business owners better understand the industry, research merchant services providers, and get refunds of excessive merchant account fees. My experience of working "behind the curtain" in the industry, and using that knowledge for good, has resulted in millions of dollars returned to hard-working small business owners as well as enterprise-level companies.

From the time that I starting working in the merchant services industry to when I left to create this website, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this "insider" knowledge to myself. To lift the fog, I've reviewed hundreds of companies, read thousands of user reviews, and learned the pricing tricks of every provider. If you have questions about credit card processing, you can find the answers on this website.

How I Can Help You

I specialize in helping businesses get refunds of excessive fees and have recovered $1,567,184 this year alone! Submit a recent statement below to find out if you are getting overcharged. I'll take a look at it for free. If I find fees that can be refunded, hire me on contigency. I only get compensated if I put money back into your pocket.

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