Alternatively, if you have a website for your business, you could integrate PayPal or Stripe and allow your customers to pay online. Hi Eddie! It then ships your terminal and can send it overnight, if needed. I run a small business that varies on transactions each month. We are a Humane Society Non-profit and currently accept credit cards and are using our bank for our merchant. We then weigh these conclusions against the number of businesses the credit card processor services to decide which companies we feel comfortable recommending. Related to that, Dharma provides discounted rates for nonprofit businesses. Of the processors reviewed in this article, CDGcommerce might be your best bet. Square POS is one of our top picks for Point of Sale! Average per person check is $10-12. Your recommendation would be most appreciated. If your cash flow is often tight and you need to receive your money faster, you might want to consider a different processor, as many offer next-day deposits and some, such as PayPal and Square, offer instant transfers for an additional fee. You will need to provide an email address, shipping address and your payment details. This is so useful information. We occasionally send out emails with special offers. Editor's note: Looking for the right credit card processor for your business? Well, Fattmerchant adds even more value to your account with high-quality invoicing and billing tools, customer management, a virtual terminal, a POS app, inventory management, detailed reporting analytics, and more. If your current terminals are EMV-compliant, you shouldn’t have to buy new ones if you change merchant account providers. Your processing volume is too high for Square to be a good deal, and you’ll also want the stability of a full-service merchant account, which Square doesn’t provide. The mobile system can be subdivided into dedicated machines that only read payment cards or generic mobile devices loaded with the processor’s software connected to a dedicated card reader. Helcim would offer cheaper rates, but there would be a monthly fee whether you use the account in a given month or not. I would recommend taking a look at Square. Plus they offer a flat rate and have no monthly fees or minimums. I know most people want to get point, miles or cash back with credit cards but not everyone. currently I invoice my clients monthly but want to get away from that since I have some clients who are on 3 or 6 month contracts. You could try Helcim and CDGcommerce, but their rates are going to fall around that rate as well. Square provides both free card readers as well as other inexpensive hardware options. I’m currently using Zirmed. Read Review. Seasonal downtime is also available, but you wouldn’t be able to use your account during the slow months when the account is down. You may be able to negotiate with your sales rep to waive some of them. Any help would be appreciated. This year I will have other employee’s to run cc transactions (before I used my phone on square and did all the transactions). No monthly fees for statements or customer service, Your business type and the products and services you sell aren't on Stripe's. Cheers! Very helpful article, thank you. I was SO soured on the entire thing so badly, and was SO embarrassed to admit to my clients that I had been shut down for credit card processing that I abandoned my business that I had built up for over 20 years. It doesn’t sound like your maximum ticket size would be enough to trigger an account freeze. Thanks so much for your question! Like many processors that offer flat-rate pricing with few fees, Stripe doesn't provide you with your own merchant account, and, instead, sets you up as a submerchant under its master merchant account. 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