To accept card payments at your business, you’ll need a payment processor. Here are the top solutions for small businesses, rated across more than 30 data points to ensure they meet most businesses’ needs. All of them offer minimal added costs, competitive rates, built-in POS capabilities/integrations, and the ability to accept online and in-person payments.
If a payment processing company has these features, it’s usually a solid option. However, the best fit for you depends on your business’s industry, sales volume, and how you typically accept payments. Here are the best payment processors and where they stand out:
– Best for brick-and-mortar sales → Square
– Best for online sales → Stripe
– Best for mobile sales → PayPal
– Best for volume discounts → Helcim
– Best for quickly growing businesses → Finix
Square is the best choice for brick-and-mortar sales. It offers more than just payment processing, with tools for staff management, marketing, and inventory tracking. Square’s low barrier to entry, free card reader, and POS software make it an easy choice for businesses with physical storefronts.
The best fit for most businesses, including the brewery mentioned, is Square’s Plus plan, which offers a wider range of features and lower processing rates. Square supports businesses in various industries and is easy to use, making it a versatile option for many small businesses.
For more details on Square’s fees and key information, refer to our overview of Square’s fees and other details. Instant deposits are available for a 1.75% transaction fee. There is no contract required and chargebacks cost $0. Hardware options include dual-screen countertop registers, iPad POS systems, handheld terminals, and card readers. Support is available through chat and email in all plans, with phone support included for Plus plan subscribers on weekdays from 6 a.m. to 6 p.m. PT, and 24/7 phone support for Premium plan subscribers. PayPal does not offer these additional features. If you’re looking for a comprehensive review of Helcim, including its features and payment processing capabilities, you’ve come to the right place.
Helcim offers competitive payment processing rates, such as interchange plus 0.4% and 8 cents per in-person transaction, making it a great choice for businesses with lower monthly card transaction volumes. Additionally, its POS plan pricing is transparent, with no long-term contracts and affordable chargeback fees.
However, one drawback of Helcim is its limited hardware options, as it only offers a handheld terminal and a credit card reader. This may not be suitable for businesses looking for countertop POS systems for brick-and-mortar spaces.
On the other hand, Finix is a top choice for quickly growing businesses due to its personalized approach and low interchange-plus rates. While it has a higher monthly fee, its cost-effective pricing model makes it ideal for larger businesses with high transaction volumes.
Finix also offers 24/7 emergency support and dedicated implementation specialists, but lacks direct accounting software integrations. This may pose a challenge for businesses without coding expertise, as manual data entry may be required.
Overall, both Helcim and Finix have their strengths and weaknesses, so it’s essential to consider your business’s specific needs and volume of transactions when choosing a payment processor.
For more details on Helcim and Finix, including their fees and key features, be sure to read our full reviews. following sentence:
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