Credit card processing is a vital component of any retailer seeking success. Simply put, you cannot grow without offering your customers the convenience of credit cards. Yet finding a good deal is not as easy as walking into a bank. Often, small businesses are forced to do business with third parties as most banks don’t offer accounts directly to them. This tosses the small business into a complex world of fees and charges where unscrupulous organizations try to squeeze every last cent out of hard working companies. Fortunately however, there are some shining lights when it comes to credit card processing. Without further adieu, here are the top five credit card processing companies of 2011.
# 5: Merchant One
With an extraordinary approval rating of 98%, Merchant One is a shining beacon in the world of credit card processing. Their award winning customer support is feted by many as the best in the entire industry. Included amongst its features:
Unlike other nefarious organizations, Merchant One does not hit small businesses with hidden charges. Its fees are up front for businesses to see:
Companies new to credit card processing are recommended to visit Merchant One and benefit from their peerless customer service.
#4: Chase Paymentech
Chase Paymentech enjoys a customer approval rating of 98% making it yet another safe option for those looking for credit card processing solutions. Its prices compare well to other companies in the industry and its customer service is available all day, everyday. Chase Paymentech is recognized as a leader in the industry, winning the Visa Service Quality Performance Award seven times. Their Orbital Payment Gateway won the 2010 Retail System award for Card and Payments Solutions of the year. The company offers features such as:
In terms of fees, Chase Paymentech charges:
Chase Paymentech has many years of experience in the credit card processing industry and is one of the most established companies.
GoEmerchant is renowned for approving 99% of all businesses who apply for assistance. This makes it the number one credit card processing merchant when it comes to approval rating. GoEmerchant’s goal is to make life easier for its customers with features such as:
When it comes to fees, goEmerchant charges:
The lack of application and startup fees make goEmerchant an attractive proposition for new companies with a small budget.
#2: Merchant Warehouse
Merchant Warehouse also offers a 99% approval rating with internet based businesses benefiting most of all from low fees and charges. This company has a reputation for quickly dealing with specific customer issues and is growing rapidly. It won the prestigious Stevie Award for Sales Lead Management System of the Year at the fifth Stevie Awards for Sales & Customer Service. Among the features offered include:
Merchant Warehouse charges:
Few credit card processing companies are regarded as highly as Merchant Warehouse.
#1: Flagship Merchant Services
Flagship Merchant Services is rated by most businesses as the number one credit card processing company in the business. Their application process is conducted online and as a result, they have the quickest approval time in the industry. They do not restrict companies with a long contract. Instead, they offer month to month deals because they are so confident in their ability to impress. Flagship Merchant Services has also won the TopTen Reviews gold award for credit card processing companies. It offers features such as:
In terms of fees, Flagship charges:
All of the above credit card processing companies can be trusted to provide top notch service while offering low fees and charges. Although small businesses are advised to shop around, it is unlikely you will find better organizations than the five listed above.