Best Merchant Accounts for Locksmiths

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.

As a locksmith, you’ve probably seen firsthand the bad situations that people can lock themselves into. But you might be surprised to learn that the same danger applies when it comes to credit card processing contracts. Multiyear terms with automatic renewal and harsh cancellation fees are a standard option with many merchant account providers, and these unsavory terms are not always disclosed by sales agents. Many sales reps will play the “rate game” with you by throwing out all kinds of percentages and fees, which can make it difficult to compare pricing across providers.

Luckily, there are decent credit card processors out there. To make it easier for you to find them, we’ve compiled the following list of the best merchant accounts for locksmiths. The companies on this list offer invoicing tools, mobile payment apps, virtual terminals, and other features that can make it easier to take payments and keep your money coming in. They also provide low-commitment contracts with transparent pricing and quality customer service. To find the right provider for you, be sure to research each processor’s products and features and compare pricing and terms.

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

Host Merchant Services

Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for locksmiths and locksmith businesses of all sizes. The company’s products and services for contractors include a virtual terminal, online marketing tools, and a free mobile credit card processing for iPhone, iPad, and Android devices. Host also offers a free website and business-class email to interested applicants. Host Merchant Services is a good option for independent locksmiths as well as high-volume locksmith operations.

Host Merchant Services has received only 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+.”

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

PaymentCloud

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 their phones or mobile card readers as well as through online billing. For those reasons, PaymentCloud is a good option for locksmiths as it allows them to process payments at the work site whether they’re adding the finishing touches to a new home or re-keying locks at an apartment building once an old tenant has moved out.

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.”

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

Fattmerchant

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 locksmiths and offers a comprehensive dashboard for tracking all payments and customers.

Fattmerchant offers multiple pricing plans with different rates. Merchants can select either a plan that charges a flat fee on all transactions or a plan that charges a fixed monthly fee plus a fixed per-transaction dollar amount above interchange. In other words, merchants can choose whether or not they are charged a percentage markup on each 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.

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.


Shopify

Shopify is primarily known as an e-commerce platform for online merchants, but the company recently launched a point-of-sale software solution for iPad and iPhone. The Shopify POS app can accept cards via a headphone jack card swiper or a $129 EMV reader and includes features like inventory syncing with a webstore, emailed receipts, automatic tax calculations, basic email marketing, and in-store refunds. The service can also be paired with a Shopify online store, which comes with numerous customization options. Shopify POS is a great fit for locksmiths who would like to accept payments on-site using their phones as well as through online billing.

Shopify offers month-to-month pricing plans with variable pricing and product tiers. The company is headquartered in Ottawa, Ontario, and has been in operation since 2005. The company provides phone, email, and live chat support to all of its merchant tiers and enjoys very few online complaints despite its massive user base. The BBB gives Shopify an “A+” rating at this time, while CardPaymentOptions.com awards the company an “A.”

For more information, see the Shopify website.

CDG Commerce

Located in Chesapeake, Virginia, CDG Commerce is a great option for standard-risk merchants 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, sales reporting, security breach protection, and vulnerability scanning. CDG Commerce is ideal for locksmiths who require a simple, low-cost, integrated retail or online processing solution.

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.

For more information, see the CDG Commerce website or call (888) 393-1079.

Host Merchant Services

Host Merchant Services is a Newark, Delaware-based merchant account provider that is well-suited for swimming pool contractors of all sizes and types. 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, third-party software integration, and merchant cash advance. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to interested merchants. Host is a great fit for locksmiths that would like to make sales in person and online at an affordable cost.

Host Merchant Services has received only 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 Better Business Bureau 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.

Payline Data

Headquartered in Chicago, Illinois, Payline Data has consistently been reviewed as one of the best merchant account providers on CPO since we first started covering the company. Payline is capable of serving businesses and individual contractors of all sizes. The company offers traditional retail credit card terminals, mobile phone credit card processing (via Flint), an online payment gateway and virtual terminal, QuickBooks integration, and API integration. Payline Data is a great option both for solo locksmiths and for organizations that employ locksmiths.

In addition to its wide array of services, Payline Data offers interchange-plus pricing with month-to-month contracts and no early termination fees. As a result, the company enjoys a large number of positive testimonials from its clients on this website and in other consumer protection forums. The Better Business Bureau currently assigns Payline Data an “A+” rating, and CPO also gives Payline an “A+.”

For more information, see the Payline Data website or call (888) 506-7812.

ProPay

Headquartered in Levi, Utah, ProPay is an e-commerce merchant account provider that provides simple billing and payment options for locksmiths. ProPay users can utilize digital invoicing to collect payments from clients via email or they can purchase ProPay Jak, the company’s mobile phone processing solution, to take payments on-site. ProPay is also able to process ACH transactions through its virtual terminal and online payment gateway. ProPay is an ideal choice for locksmiths who require a fully-featured, internet-based payment processing solution.

ProPay’s pricing will vary depending on each merchant’s business type, size, time in business, and preferred method of payment acceptance. The company is a TSYS subsidiary and has a very low complaint total in the past three years for a provider of its size. Our review of ProPay currently gives the company an “A” rating, while the Better Business Bureau gives ProPay an “A+.”

For more information, see the ProPay website.

Spark Pay

Launched in April 2013, Spark Pay by Capital One is a mobile processing app offered as part of Capital One’s “Spark Business” suite of small business solutions. It can be acquired via a free download from the App Store or Google Play Store and comes with a free headphone jack card reader. Spark Pay is a relatively basic mobile processing app that enables locksmiths to conveniently swipe cards on-site using equipment they already own.

Spark Pay offers two pricing plans for merchants. The first, the Go Plan, is intended for low-volume merchants who simply wish to accept credit cards via their iPhones. It charges 2.7% per swiped transaction, 2.95% per swiped American Express transaction, and 3.7% per keyed-in transaction. There are no other monthly fees associated with this plan. The Pro Plan, which is intended for higher-volume merchants, charges 1.95% per swiped transaction, 2.95% per swiped American Express transaction, and 2.95% per keyed-in transaction. It includes a monthly fee of $9.95 and can be cancelled anytime without penalty. Spark Pay also allows users to send digital receipts. The service comes with live phone support and email support for all users.

You can learn more in our full Spark Pay review, or visit the Spark Pay website.


If your business offers merchant services for locksmiths, please leave a comment in the comment section below or contact us through our contact page in order to get listed in this article.

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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