The Cheapest Credit Card Processing Companies of 2023

Accepting credit card payments is essential for businesses of all sizes. However, the fees associated with credit card processing can be high, eating into your profits. That’s why it’s important to compare different credit card processing companies to find the one that offers the lowest fees. In this blog post, we’ll take a look at some of the cheapest credit card processing companies of 2023. We’ll compare their fees, features, and customer service to help you find the best option for your business.

What to Consider When Choosing a Credit Card Processing Company

There are a few factors to consider when choosing a credit card processing company. These include:

• Fees: The most important factor is the fees charged by the company. You’ll want to compare the percentage per transaction and monthly fees.
• Features: The company should offer the features you need, such as fraud protection, recurring billing, and e-commerce support.
• Customer service: The company should have good customer service in case you have any problems.

Cheapest Credit Card Processing for Small Businesses

Here are some of the cheapest credit card processing companies of 2023:

1. Square

Square is a popular option for small businesses because it offers low fees and various features. Square’s fees start at 2.75% + $0.30 per transaction, and it offers a variety of features, including mobile payments, in-store POS systems, and fraud protection. Square is also a good option for businesses that want to accept payments online or over the phone.

Square Features:

• • Mobile payments
  • In-store POS systems
  • Fraud protection
  • Recurring billing
  • E-commerce support
  • Multiple currencies

Best for: Small businesses that want a low-cost, all-in-one payment solution.

2. Payment Depot

Payment Depot is another good option for small businesses. It offers flat-rate pricing, which can save you money on high-volume transactions. Payment Depot’s fees start at $0.10 per transaction plus a monthly fee of $19.95. It also offers a variety of features, including fraud protection, recurring billing, and e-commerce support.

Payment Depot Features:

• • Flat-rate pricing
  • Fraud protection
  • Recurring billing
  • E-commerce support
  • Multiple currencies

Best for: Small businesses that do a high volume of transactions and want to save money on fees.

3. Stripe

Stripe is a popular option for online businesses. It offers low fees and a variety of features, including fraud protection and recurring billing. Stripe’s fees start at 2.9% + $0.30 per transaction. Stripe is also a good option for businesses that want to accept payments in multiple currencies.

Stripe Features:

• • Fraud protection
  • Recurring billing
  • E-commerce support
  • Multiple currencies

Best for: Online businesses that want a low-cost, flexible payment solution.

4. Stax

Staxis is a newer company that offers competitive fees and a variety of features. It’s a good option for businesses seeking a more transparent pricing structure. Stax’s fees start at 2.9% + $0.03 per transaction. Stax also offers a variety of features, including fraud protection, recurring billing, and e-commerce support.

Stax Features:

• • Transparent pricing
  • Fraud protection
  • Recurring billing
  • E-commerce support
  • Multiple currencies

Best for: Businesses looking for a more transparent pricing structure want to save money on fees.

5. PayPal Zettle

PayPal Zettle is a good option for businesses that want to use PayPal to accept credit card payments. It offers low fees and a variety of features, including mobile payments and in-store POS systems. PayPal Zettle’s fees start at 2.7% + $0.30 per transaction. It is also a good option for businesses that want to accept payments in multiple currencies.

PayPal Zettle Features:

• • Mobile payments
  • In-store POS systems
  • Fraud protection
  • Recurring billing
  • Multiple currencies

Best for: Businesses that want to use PayPal to accept credit card payments.

How to Choose the Best Credit Card Processing Company for Your Business

The best credit card processing company for your business will depend on your specific needs and requirements. However, the companies listed above are good options with low fees and various features.

To choose the best company for your business, you must compare their fees, features, and customer service. You can also read online reviews to get feedback from other businesses that have used the companies.

Once you’ve compared a few different companies, you’ll be able to choose the one that’s the best fit for your business.

Conclusion

Choosing the right credit card processing company can save money and improve your bottom line. You can find the best value for your business by comparing different companies and their fees.

I hope this blog post has helped you learn more about the cheapest credit card processing companies for all types of businesses in 2023. If you have any questions, please feel free to comment below.