Source: freeauthnet.com
6. FreeAuthNet
FreeAuthNet provides merchant account services with greater costs and with just interchange-plus pricing. Nonetheless, this may still be a good option if you have to process in-person and online orders as it doesn’t require you to set up a separate account with your online merchant account.
Opening an account with this unique merchant service may take longer than the industry average. It can take up to 4 days for to create an account with FreeAuthNet, while the industry average is 2 days or less.
This merchant service may be ideal for businesses which have high-average and low volume ticket prices. It’s very transparent with its costs, fees and terms of service. It’s a good option if you know you’ll be processing both in-person and online transactions.
Source: helcim.com
7. Helcim
Helcim provides some of the greatest interchange-plus pricing. It is one of the most transparent companies today, posting comprehensive fees and costs for online, retail and even mobile merchant services on its website.
This Canadian firm has been in business for over five years and broke into the United States market in 2013. Due to its low rates and transparent pricing, Helcim is one the greatest merchant account services we reviewed.
This excellent merchant account provider has low processing fees and costs and high level of transparency. The company website offers information about the complex ins and outs of the merchant account services, and Helcim has high-quality client service with its knowledgeable agents.
Source: nationalbankcard.com
8. National Bankcard
It is a popular merchant account service which offers low fees and rates and fast setup. This service has large business clients, such as Comfort Inn and Shell, but also offers services which work very well for the needs of extremely small businesses.
This merchant service offers both tiered and interchange-plus pricing plans. Several companies in this industry are moving towards an interchange-plus pricing model, though a tiered rate is an excellent option too.
A tiered pricing plan consists of an approved rate of 0.25 percent, lowest rate of existing merchant account solutions. While this service favors to push a tiered-pricing choice, you are allowed to shift between any two pricing plans. Moreover, National Bankcard provides EMV-ready terminals for $69.
National Bankcard has affordable rates with individual pricing plans and doesn’t need a long-term contract once you open an account.
Source: creditcardprocessing.com
9. CreditCard Processing
This is a reseller of iPayment, one of the most famous merchant services today. It provides attentive client service and an array of pricing choices to select for your account needs.
Their tiered and interchange-plus pricing models are great options for any small businesses. The interchange-plus rates with the CreditCardProcessing are nearly average at 0.30 percent and $0.10. Rates for qualified debit and credit cards are 0.35% and 1.55% respectively, which is excellent. It is a good option since it has low charges and doesn’t require you to sign a long–term contract.
Source: transfirst.com
10. TransFirst
TransFirst processes transactions directly and doesn’t resell accounts. Equitable fees and costs combined with excellent terms of service and quick setup times make TransFirst a perfect choice in the merchant account services.
It offers two pricing options: interchange-plus and tiered. The interchange-plus has a unique rate of 0.20% + $0.18 that’s better than the average of this industry, though the $0.18 is one of the greatest per transaction charges on our lineup. In addition, at 1.63%, a tiered rate is greater than average.
This direct merchant service eliminates the middleman out of the equation. TransFirst provides low processing rates but lacks customer service choices, like an account agent and reliable response times through an online form.
Featured Image: Thinkstock/moodboard
