![]() In order to get started, you can get a free iPad-compatible card reader. There is an additional charge for Square hardware. For growing businesses, it offers a sleek and smart payment solution. The Square POS system is free to install, but it charges a percentage per transaction, usually 2.6% + 10 for swipes or taps, or 3.5% + 15 for keyed-in card numbers. 3.5% + 15¢ charge for keyed-in transactionsĪ popular e-commerce platform, Square is best for:.There are some features that are more expensive for mid-sized businesses.Does not accept most high-risk industries.Dedicated Solutions for Many Business Types.From a mobile-only payments processing solution, Square has evolved into a full-featured payments ecosystem with the following major features: Square is a popular choice for small and newly-established businesses, including those who only accept non-cash payments occasionally. Square: Best Overall Small Business Credit Card Processing Pick We’ve done the research for you to help you find the right credit card processing system for your business.ġ. It is a huge benefit since it allows customers to use any card they want and it allows businesses to get paid quickly. Businesses can accept payments by credit card and debit card using credit card machines. In 2018, 28% of payments were made using credit cards, and 87% were made with debit cards. Credit Card Processing for Small Business Owners These are on top of our standard considerations for choosing a POS system. ![]() Lastly, we considered whether offline payments could be accepted by the credit card machine if the Internet was down. A user-friendly interface and app were important factors when selecting credit card machines. In addition to looking at the overall cost of ownership, we preferred credit card machines that didn’t charge monthly fees.Īnother important factor was the ease of use. Our decision was also influenced by pricing. Furthermore, we preferred credit card machines with cloud-based software for sending invoices, tracking inventory, and inventory, and managing payroll, email marketing, and loyalty programs. We searched for credit card machines with built-in payment processors that accept contactless payments, such as Apple Pay and Google Pay. Our analysis also included real customer experiences. To determine which payment processing software is best for small businesses, we evaluated features, pricing, ease of use, and the ability to accept offline payments during internet outages. How Can Payment Processing Software Help Small Businesses?.Credit Card Processing for Small Business Owners: A Buyer’s Guide.Best for High Volume Business: Stax by Fattmerchant.Best for International Businesses: Helcim.Best for High-Risk & Ecommerce Merchants: PaymentCloud.Best for Low-Cost ACH/ECheck Processing: NationalProcessing.All you need is a smartphone or tablet with a card reader and an app to start accepting payments.ĭon’t have time to look through all of the products and features? Here’s a quick list of our recommended tools and guides.Ī Quick Overview of the 7 Best Small Business Credit Card Processing Software Options It can be used by businesses of all sizes, including very small ones and individuals, including freelancers, gig workers, independent contractors, and sole proprietors – and the processing equipment is very small and inexpensive. No long-term commitments or monthly or annual fees are charged you only pay for the processing you use. Since Square has a low-risk entry point for accepting debit and credit cards, we selected it as the best credit card processor for small businesses. Our Experts’ Choiceįor small businesses, Square is the best credit card processor because it has a low-risk entry point to accept debit and credit cards. Here are the top 7 companies we reviewed based on their pricing, features, and tools that will work best for small businesses. The best credit card processing software for small businesses provide business owners with the flexibility to grow, ease in accepting payments, and essentials such as a payment gateway and merchant account, so they can manage vendors and keep track of accounts. We earn from qualifying purchases through our links, but this does not influence our evaluations. Affiliate Disclaimer: Our product review team dedicates hours of research, fact-checking and testing to recommend the best solutions to business owners.
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