How to Get the Cheapest Credit Card Processing for Businesses

Cheapest Credit Card Processing for Your Small Business - Small Business  Trends


Are you looking for the cheapest merchant services for small businesses? Who can help you make the right choice? Below, you can find the basic information concerning the cheapest credit-card processing solutions. 


Credit-Card Processing & Its Fees

Thanks to credit-card processing, you can accept cards as payment options. Credit-card processing services providers act as mediators between customers, merchants, and financial institutions. As a result, you can enjoy seamless payment processing for your business.


Today more than ever it’s critical to start accepting payments online. Otherwise, you’re going to lose tons of credit-card sales and your customers are going to shop with your competitors.


Payment-processing companies use the following pricing models to charge fees:

  • Flat rate: in this case, you pay the same rate for transactions, and this usually combines a percentage plus a small fee.
  • Interchange plus: you pay a flat fee for each transaction together with a varying percentage of the transaction matching the amount that the credit-card company charges (interchange fee).
  • Tiered pricing: this is when interchange fees and tiers pricing are bundled, and you’re charged a variable rate in three tiers, instead of paying different rates per credit card.


Cheapest Merchant Services for Small Business

When searching for the cheapest credit-card processing solutions, remember that the cheapest may be far away from being the best. So, you need to find the best solution for your own business wants and needs. Here are the top three providers of the cheapest credit-card processing services:


  • Square Payments 

Square is among the most respected credit-card processors in the industry. You can choose one of its many POS hardware and equipment solutions to process card payments. 

  • The pricing model is simple
  • There aren’t any hidden fees
  • In-person payments fee is 2.6% + $0.10 per transaction fee
  • Remote transactions fee is 2.9% + $0.30 for each transaction
  • No monthly fees


  • PayPal Zettle 

Offers a complete POS solution for small businesses, allowing credit-card payments online and on-site. 

  • There aren’t any monthly fees
  • Customers can make purchases online or in-store using a QR code or mobile app
  • U.S. merchant fees vary from 1.90% to 2.90% + $0.30 for each transaction
  • There aren’t any monthly fees


  • Stripe 

Stripe is another reputable company in the credit-card processing market. Stripe enables merchants to customize online and personal checkout experiences for customers.

  • Offers reasonably pricing
  • Customers can make online payments via a Stripe integration to the website or through an invoicing service
  • Merchants pay 2.9% + $0.30 for each transaction
  • There aren’t any monthly fees


Payment-processing companies charge merchants based on different structures. To find the cheapest transaction and subscription fees, flat-rate or variable fees, work with a merchant-services comparison expert that reviews contracts, rates, and fees to ensure you’re getting the best deal. This is how you can get the quickest access to the most reliable and cheapest merchant services for small business


Cheapest Credit-Card Processing Solutions for Merchants 

You can find many credit card processing providers in the market these days. You need to evaluate your options so to come up with the best solution for your business needs. Working with a reputable comparison specialist, you can pick a credit-card processing provider that can help you minimize your costs for the services you need.


Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of the cheapest merchant services for small business. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.