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.
How to Select the Best Construction Credit Card Processor
When selecting the best credit card processor for a construction business in the USA, there are several key factors to consider. Here are some specific considerations that should be taken into account.
Compatibility with Construction Software
The credit card processor should be compatible with the software that the construction business uses. Many construction companies use specialized software for project management, billing, and accounting, so it is important to choose a credit card processor that can integrate with these systems.
Acceptance of Commercial Cards
Construction projects often involve large expenses, so it is important to select a credit card processor that can accept commercial cards, which typically have higher limits and reward programs that can benefit the business.
Credit Card Payment Processing Fees
Payment processing fees can vary widely between different credit card processors. Construction businesses should compare the fees charged by different processors and consider factors such as transaction fees, monthly fees, and chargeback fees.
Payment Processing Speed
In the construction industry, time is often of the essence, so it is important to choose a credit card processor that offers fast payment processing. This can help ensure that payments are processed quickly and efficiently, which can be important for maintaining cash flow and keeping projects on schedule.
Security and Fraud Prevention
Construction businesses should select a credit card processor that offers strong security measures and fraud prevention tools to help protect against payment fraud and data breaches.
Reliable Customer Support
Finally, it is important to select a credit card processor that offers good customer support, including 24/7 customer service and technical support. This can be particularly important in the construction industry, where problems can arise at any time and delay payments or disrupt project schedules.
Top Picks for Merchant Services for Construction Companies
#1 Helcim
Top Pick for Construction Credit Card Processing
Helcim is a merchant account provider headquartered in Alberta, Canada, and Seattle, Washington. The company provides merchant services and credit card processing to both U.S. and Canadian businesses. Helcim offers traditional payment processing equipment as well as a feature suite called “Helcim Commerce,” which is intended to serve as an all-in-one business management solution for merchants across all of their sales channels.
Helcim: The Perfect Credit Card Processing Solution for Construction Businesses
As a small business owner in the construction industry, finding the right credit card processing solution is crucial. With so many options available, it can be overwhelming to determine which provider is the best fit for your unique needs. Fortunately, Helcim is an excellent option for construction businesses looking to accept credit card payments.
Industry-Specific Features
One of the biggest advantages of using Helcim for construction payment processing is their industry-specific features. For example, Helcim offers a robust virtual terminal that allows you to easily input orders and track inventory. This is especially helpful for construction businesses that have a high volume of orders or frequently sell custom products. Additionally, Helcim offers customizable receipts and reporting, so you can easily track sales and inventory by project or customer.
Affordable Pricing
Another reason to consider Helcim for construction payment processing is their affordable pricing. With transparent pricing and no hidden fees, Helcim makes it easy to understand your costs and avoid unexpected charges. Additionally, Helcim offers interchange-plus pricing, which means you only pay the actual interchange fees charged by the credit card networks, plus a small markup. This can save you a significant amount of money over time, especially if you process a high volume of transactions.
Excellent Customer Service
Finally, Helcim is known for their excellent customer service. As a small business owner in the construction industry, you don't have time to waste on complicated payment processing issues. With Helcim, you can rest assured that you'll have access to knowledgeable support staff who can help you resolve any issues quickly and efficiently. Additionally, Helcim offers a wealth of resources on their website, including tutorials and FAQs, so you can easily find answers to common questions.
Helcim is a great option for construction businesses looking for a reliable, affordable, and user-friendly credit card processing solution. With industry-specific features, affordable pricing, and excellent customer service, Helcim is well-suited to meet the unique needs of construction businesses.
Host Merchant Services
Top Rated for Construction Merchant Accounts
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+.”
Host Merchant Services – The Best Payment Processing Solution for Construction Product Retailers
If you are a small business owner in the construction industry, you know how important it is to accept credit card payments from your customers. However, finding a reliable payment processing service that caters to the specific needs of your industry can be challenging. Fortunately, Host Merchant Services offers a range of payment processing solutions that are tailored to meet the unique requirements of businesses that sell construction products.
HMS is an Expert in the Construction Industry
One of the key benefits of Host Merchant Services is their expertise in the construction industry. They understand the unique payment processing challenges that construction product retailers face, such as the need to process large transactions and the potential for chargebacks due to the high cost of some construction products. With Host Merchant Services, you can rest assured that your payment processing needs are being taken care of by experts who understand your business.
Seamless Integration With Construction Retailer Software
Another advantage of using Host Merchant Services is their seamless integration with popular point-of-sale systems used by many construction product retailers. This makes it easy to accept credit card payments in-store, online, or on-the-go. Additionally, Host Merchant Services offers competitive rates and no hidden fees, making it a cost-effective solution for small businesses.
Robust Security and Fraud Prevention
Host Merchant Services also prioritizes security and fraud prevention, which is critical for businesses that sell high-value construction products. Their payment processing solutions are designed to minimize the risk of chargebacks and fraudulent transactions, helping you protect your business and your customers.
Host Merchant Services is an excellent payment processing option for small businesses that sell construction products. With their industry expertise, seamless integration with popular POS systems, competitive rates, and commitment to security and fraud prevention, Host Merchant Services is the ideal choice for construction product retailers looking for a reliable payment processing solution.
For more information, visit the Host Merchant Services website or call (888) 727-4538.
PaymentCloud
Top Rated for Construction Credit Card Processing
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.”
PaymentCloud: The Ideal Credit Card Processor for Construction Businesses
As a business owner selling construction products, it is crucial to have a reliable and secure payment processing system that can handle your transactions seamlessly. PaymentCloud is the perfect option for small businesses looking to accept credit card payments from customers who purchase construction products.
Ability to Handle High Monthly Volume Capacity
PaymentCloud understands the unique challenges that come with payment processing for the construction industry. For example, many construction businesses have higher-than-average transaction amounts, which require a payment processor with a high monthly volume capacity. PaymentCloud's customizable payment processing solutions can accommodate large transaction amounts, making it an ideal choice for construction businesses.
State-of-the-Art Security Technology
In addition to handling large transaction amounts, PaymentCloud also offers robust security features that protect both you and your customers' sensitive payment information. With PaymentCloud, you can rest easy knowing that your payment processing is PCI compliant and uses state-of-the-art encryption technology to safeguard transactions.
Versatile Payment Options
Another benefit of using PaymentCloud for construction payment processing is the ability to accept payments from multiple channels. This includes online, in-person, and even over the phone. This versatility allows you to offer a seamless payment experience to your customers, no matter how they choose to purchase from you.
PaymentCloud is an excellent choice for small businesses in the construction industry looking to accept credit card payments from customers. With its ability to handle high transaction amounts, robust security features, and versatile payment acceptance options, PaymentCloud is an ideal payment processing solution for businesses of any size.
For more information, visit the PaymentCloud website or call (888) 506-7859.
National Processing
Top Rated for Construction Merchant Services
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.
National Processing – An Excellent Choice for Construction Businesses
National Processing is a reliable credit card processing service that caters to the needs of small businesses, particularly those in the construction industry. If you're a business owner selling construction products and need to accept credit card payments from customers buying construction products, National Processing is an excellent option for you. Here are some reasons why:
Specialized Payment Solutions for the Construction Industry
National Processing understands the unique needs of the construction industry and offers specialized payment solutions tailored to meet those needs. They offer equipment financing, project financing, and progress payments to help construction businesses manage their cash flow effectively. Their payment processing services are designed to help businesses reduce payment processing costs and improve payment processing efficiency.
Secure Payment Processing
National Processing takes security seriously and provides businesses with secure payment processing solutions. Their payment processing platform is PCI compliant, ensuring that all customer payment data is encrypted and secure. Additionally, they use fraud prevention tools to detect and prevent fraudulent transactions, giving you peace of mind knowing that your business and customers are protected.
Cost-Effective Payment Processing
National Processing offers cost-effective payment processing solutions to help small businesses save money. They provide transparent pricing with no hidden fees or charges, allowing businesses to budget their payment processing costs accurately. Additionally, they offer competitive rates and flexible payment plans, enabling businesses to choose the payment processing solution that best fits their needs and budget.
National Processing is an excellent option for business owners selling construction products and need to accept credit card payments from customers buying construction products. Their specialized payment solutions, secure payment processing, and cost-effective payment processing make them a top choice for small businesses in the construction industry.
For more information, see the National Processing website or call (385) 777-1235.
Additional Options
CDG Commerce
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.
Why CDG Commerce is the Ideal Credit Card Processor for Construction Product Sales
For small business owners who sell construction products and need a reliable payment processor to handle their credit card transactions, CDG Commerce offers a comprehensive solution that is tailor-made to meet the unique needs of the construction industry. With CDG Commerce, businesses can enjoy fast and secure payment processing, competitive pricing, and a range of payment options that make it easy to accept credit cards from their customers.
Flexible Payment Options for Construction Products
CDG Commerce offers a range of payment options that are ideal for businesses that sell construction products. With CDG Commerce, businesses can accept all major credit cards, as well as ACH and e-check payments. This makes it easy for businesses to accept payments from customers who may not have a credit card or who prefer to pay using a bank account.
Fast and Secure Payment Processing
When it comes to processing payments for construction products, security and speed are essential. With CDG Commerce, businesses can rest assured that their transactions are safe and secure. CDG Commerce uses advanced security features such as tokenization and encryption to protect customer data, and offers fast processing times that allow businesses to get paid quickly and efficiently.
Competitive Pricing
For small business owners in the construction industry, keeping costs down is crucial to staying competitive. With CDG Commerce, businesses can take advantage of competitive pricing and transparent billing that help keep costs under control. CDG Commerce also offers a range of pricing plans to suit different business needs, so businesses can choose the plan that works best for them.
CDG Commerce is an excellent option for small business owners who sell construction products and need a reliable payment processor. With flexible payment options, fast and secure payment processing, and competitive pricing, CDG Commerce offers a comprehensive solution that is tailored to meet the unique needs of the construction industry.
For more information, see the CDG Commerce website or call (888) 393-1079.
Frequently Asked Questions: Construction Merchant Account Credit Card Processing
A construction merchant account provider is a financial institution or service that facilitates payments between clients and construction businesses. These providers process transactions made by credit cards, debit cards, electronic checks, and other digital payment methods.
Having a construction merchant account provider will help you accept various forms of payment, making transactions smoother for your customers. It also ensures your transactions are secure and compliant with financial regulations, reducing your liability for fraudulent activities.
You should consider factors like the provider's fees, customer support, integration with existing business systems, transaction processing speed, the types of payments they accept, and their reputation in the industry. Also, look for providers that understand the specific needs of construction businesses.
Most providers will charge a percentage per transaction, often combined with a flat fee. Some may have monthly or annual fees, as well as fees for setup, chargebacks, and other specific situations. You should ask for a complete list of fees from each provider you are considering and compare them.
In many cases, yes. If your construction business has a high volume of transactions or a good track record with minimal chargebacks, you may be able to negotiate lower fees.
Research reviews from other businesses that use the provider. Good customer support often includes 24/7 availability, multiple contact methods (like phone, email, and live chat), and a willingness to help solve problems.
At minimum, a good provider should be able to accept major credit and debit cards, electronic checks, and popular digital payment methods like PayPal. Some providers may also offer the ability to process payments from newer services, which could be beneficial depending on your clientele.
Start by conducting online research. Look for lists and reviews of the top providers for construction businesses. From there, reach out to several providers to ask about their services, get quotes, and evaluate their customer service. You may also want to ask other construction businesses about their experiences.
Many providers cater to small businesses. Some offer features like simplified pricing, integration with popular accounting software, and specialized customer support.
This depends on the provider and how you want to accept payments. Some providers can process payments using your existing computer or mobile devices, while others may require you to purchase or lease specialized equipment.
As of my knowledge cutoff in September 2021, I don't have specific providers to recommend. However, top providers are those that offer secure, reliable service, reasonable fees, excellent customer support, and a deep understanding of the construction industry.
Henry
I wish to express my heartfelt thanks for your comprehensive and enlightening article on “Best Construction Merchant Account Providers”. As someone in the construction industry, your guide has been an invaluable tool, helping me navigate this specific business area.
Your detailed analysis of each merchant account, pinpointing their unique advantages, potential shortcomings, and key features, was extremely insightful. Your ability to take a complex topic and translate it into easy-to-understand language made this dense subject much more accessible for readers like myself.
I particularly appreciated your focus on essential aspects such as transaction fees, customer support, and security measures. Your insights into specific needs of construction businesses, including the handling of large transactions, mobile payment processing, and the need for robust invoicing features, were notably beneficial.
The depth of research, time, and expertise that went into creating this guide is clear. Your dedication to providing accurate, relevant, and practical information has greatly simplified a typically complicated decision-making process, empowering professionals like me to make informed decisions.
Thank you once again for your invaluable contribution to this field. Your hard work, dedication, and expertise are deeply appreciated.