4 min read

Choosing the Best Credit Card Processing Company

Aug 29, 2018 9:00:00 AM

Starting up a business can be very challenging, from setting up your day to day operations to choosing the best business strategy. After putting all these in place, one final hurdle you would face as a small business owner is choosing the right credit card processing company; a company appointed by a merchant to handle transactions from assorted channels such as credit cards and debit cards for merchant acquiring banks. For first-time business owners, sifting through so many processing companies (that are doing more or less the same thing) can be confusing. Don't worry, we've got you covered!

Here is what you need to know- the right merchant service for your business depends entirely on your financial needs. Understanding the unique needs of your business will help you select the right credit company. Some offerings work best on an e-commerce website, others in a credit card machine, through your smartphone, an iPad POS, or a virtual terminal. Your choice of a business transaction plays a huge part in determining the best Credit Card processing company for your business.

First, let's break down the way we arrived at the best credit card processing companies for small business. We considered four major characteristics of what we considered to be qualifiers for "the best"; 

  • Transparency
  • Reputation
  • Value for money
  • Moderate business pressures 

Using the above criteria, our team selected these 3 merchant services as some of the best for small business. Check them out!


1. Fattmerchant

If you run an e-commerce business, then Fattmerchant is the company for you. They're a pretty well rounded offering for all business, but especially for card-not-present startups. Fattmerchant also has a very reasonable subscription pricing plan, with a 0% mark up fee, a monthly fee of $99 and $0.08-$0.15 per transaction, 

Our Favorite Features
  • Advanced sales reports
  • Inventory management
  • Mobile app
  • Point of sale software
  • Virtual terminal
  • Billing/invoice
  • 0% markup equals significant savings on large transactions
  • Transparent subscription-based pass-through pricing
  • No early termination fees
  • Inventory management
  • POS app
  • High-quality billing and invoice tools
  • Good customer management
  • Elaborate reporting analytics
Fattmerchant tops our list of the best credit card companies because they offer real value for money. The platform is growing and improving on their services, providing innovative billing tools and invoicing services for every business type. With their variety of awesome features, you're truly getting a great service. Check out their website and see what they have to offer.


2. Dharma

A great option for Non-Profits

Looking for a company that offers a complete credit card processing services at a fair price? Check out Dharma Merchant Services. This company has one of the best transparent fee structures, the interchange and pricing are for small businesses. They don't charge annual, early termination or account setup fees and when you subscribe to Dharma Merchant services, the website quickly greets you with an easy to read disclosure on all of their fees. 

Our Favorite Features 

  • Proven track record with nonprofits

  • Transparent interchange-plus pass-through pricing
  • Excellent customer service
  • Discounted rates for nonprofits

Dharma made our list for their unique services. What makes Dharma exceptional from most other companies? They give out a chunk of their profit to charity, hence their motto “Commerce with Compassion.” If you run a nonprofit business, you will enjoy Dharma’s discounted rates for nonprofit startups. You can check out the services they offer small businesses on their website


3. Payline

Awesome for Startups

Wondering if there is a company that covers all the known bases for small financial transactions? Payline is the merchant services for you. The company offers affordable pricing subscriptions best for low-volume sellers. You will find a full explanation on the costs for all other extra features on their website, transparency at its peak! The company runs a “Commercial Co-venture” program that supports non-profits and other charity giving.

Our favorite features

  • Swift mobile processing app
  • Excellent billing management
  • Easy integration API for customization
  • Virtual terminal
  • Transparent interchange
  • Exceptional e-commerce shopping cart compatibility
  • No early termination fees
  • Outstanding $0 monthly fee option

Payline merchant services are best for brand-new or mobile businesses looking for proper equipment, better value with lower rates. You can visit their website to get the details!


Summing It Up

It's tough to make claims on behalf of a service company, but the services offered by these companies are genuinely exceptional. Each of them stands apart from the rest when it comes to setting up a merchant account for small businesses. Check out their website and reviews by other users and see for yourself why they are some of the best credit card companies for small businesses! 


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Jessica Veiga

Written by Jessica Veiga

Jessica Veiga is an experienced B2B marketing expert with a history of working in software, SaaS, technology, accounting, and services spaces. Jessica's passion for social sciences and communication drew her to sales and marketing, where she has worked with clients across a range of industries, including retail, education, technology, and more. With real-world experience at top marketing and software companies in Boston, assisting hundreds of businesses across numerous stages of growth, and a BS in Psychology & Counseling, Jessica is uniquely qualified as a senior leader and team player to help lead businesses to maximize their reach, tell their stories, digitally evolve, and build mission-driven marketing strategies.