Solid Debit and Credit Payment Processing for Construction Companies
Residential, commercial, and government-contracted construction businesses have one primary concern when it comes to payment processing: minimizing costs. Between keeping builds on schedule, managing inventory and labor, and landing new contracts, a construction company owner doesn’t have time to haggle over surprise transaction fees and overpriced equipment. The good news for construction companies is that some providers offer inventory and business management solutions in addition to affordable credit card processing. The bad news is that there are hundreds of providers out there, so it’s hard to know where to start.
To help you sift through the seemingly endless supply of payment processors, we’ve compiled the following list of the best merchant account providers for construction companies. The processors below are able to provide Level 3 credit card processing and inventory management for enterprise-scale construction companies as well as affordable mobile payment options for smaller contractors. They have also consistently received positive ratings from merchants and third-party reviewers, meaning that you won’t need to worry about hidden fees or burdensome contract terms. In order to get the lowest rates and best service, it is recommended that you contact multiple providers on this list to compare pricing and features.
Top Picks for Merchant Services for Construction Companies
Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for most general business types, including construction. The company’s products and services include point-of-sale solutions (with a specific package for contractors), online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, and merchant cash advance. Host Merchant Services also specializes in e-commerce solutions and provides a free website and email address to new merchants who desire these services.
Host Merchant Services has received exclusively positive feedback on public forums, with most reviewers singling out the company’s customer service for praise. Host 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+.”
Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving standard to high-risk business types. 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. These features allow merchants to accept payments on-site using mobile payment devices and generate detailed invoices for their services that can be paid through a virtual terminal. For those reasons, PaymentCloud is a good option for construction companies as it allows them to process payments for services online, through the phone, or remotely from a job site.
PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. 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.”
National Processing offers several small business processing options and can assist construction companies with identifying the right POS system or virtual terminal for their needs. The company offers two pricing options: one an interchange-plus program or a “zero-fee” program, both of which offer competitively priced rates.
National Processing has a clean reputation with just one complaint filed in the last three years, which is not concerning in nature. Our independent review finds National Processing to be a solid option for most construction businesses.
Located in Chesapeake, Virginia, CDG Commerce is another great option for construction companies of all sizes and types. CDG has been privately owned since 1998 and offers a proprietary payment gateway (as well as a discount on Authorize.Net’s payment gateway), a virtual terminal, QuickBooks integration, mobile phone processing, security breach protection, and vulnerability scanning. CDG Commerce is ideal for construction businesses that would like a simple, low-cost, fully integrated method for accepting payments online or in person.
CDG Commerce only charges a low, fixed fee per transaction and offers competitive contractual terms, including no annual fees, monthly minimums, or termination fees. CDG also offers next day funding to most business types. CDG has earned an “A+” rating in our review as well as an “A+” rating with the BBB.