Best Credit Card Processing Companies (September 2024) Ranked by Better Business Advice

NEW YORK--(BUSINESS WIRE)--Sep 17, 2024--

Better Business Advice unveils its comprehensive evaluation of the best credit card processing companies for September 2024. This latest article highlights industry leaders who offer innovative solutions tailored to diverse business needs. Stax Pay offers a cost-effective payment processing solution that caters to high-volume businesses while Payment Depot provides transparent and low-cost interchange plus plans. Meanwhile, CardX enables businesses to cut processing costs by passing these fees directly to customers. These three companies stand out due to features that enhance and simplify payment processes.

Best Credit Card Processing Companies

• Stax Pay: unlock transparent, cost-effective payment processing—no markup, just powerful features, best for high-volume businesses
• Payment Depot: save on processing costs with Payment Depot’s transparent interchange plus plans—ideal for variable or low-volume businesses
• CardX: best for businesses looking to cut processing costs—pass fees to customers through surcharging

Stax Pay: Membership Model for High-Volume Businesses

Stax Pay is a top contender due to its subscription-based model and extensive range of features. Catering to businesses of all sizes, Stax Pay provides a cost-effective approach to credit card processing with its 0% markup on interchange rates. This transparency, coupled with a membership pricing model, ensures that businesses can manage their payment processing costs effectively.

Stax Pay's offerings include full-service merchant accounts, advanced payment terminals from major brands like Clover and Ingenico, and a mobile app that supports both in-person and online transactions. The platform’s features extend to virtual terminals, customizable shopping carts, invoicing, inventory management, and a customer database. Additionally, Stax offers robust developer tools such as an API, mobile SDK, and JavaScript library, enhancing its integration capabilities.

However, Stax Pay’s pricing structure, which includes a monthly fee ranging from $99 to $199 based on annual processing volumes, may not be ideal for businesses processing less than $5,000–$8,000 per month. Despite this, its comprehensive suite of features and U.S. based customer support make it a compelling choice for businesses with significant processing needs.

Payment Depot: Transparent Interchange Plus Pricing Model

Payment Depot distinguishes itself with a transparent interchange plus pricing model that is particularly advantageous for variable or low-volume businesses. Payment Depot offers significant cost savings through its low-cost interchange plus plans.

Payment Depot provides merchants with transparent pricing and a range of features including virtual terminals, POS systems from Clover and Vital Select, and mobile payment options via the SwipeSimple app. Payment Depot’s plans also include data breach protection and the possibility of customized solutions for businesses with unique processing needs.

Payment Depot’s commitment to transparent pricing and its comprehensive feature set make it a valuable option for businesses looking to optimize their payment processing costs.

CardX: Cost-Effective Surcharging Solution

CardX, a subsidiary of Stax, offers a unique surcharging solution that allows businesses to pass credit card processing fees directly to customers. This model, which supports 0% fee payments for credit card transactions, helps businesses significantly reduce their processing costs.

CardX’s competitive surcharging fees—3% for credit cards and a maximum of 2.91% for debit cards—are lower than many competitors. The service supports various transaction methods, including in-person through Dejavoo terminals, online via Mastercard Click-To-Pay Lightbox, and over the phone with its virtual terminal. Additionally, CardX’s compliance with Mastercard’s surcharging regulations ensures legal adherence and a competitive edge in the market.

CardX provides robust customer support through multiple channels including U.S. based live phone support, email, and social media. Its flexibility and compliance make it an appealing choice for businesses looking to minimize transaction expenses.

Verdict: Tailoring Choice to Business Needs

Stax Pay, Payment Depot, and CardX each offer distinct advantages suited to different business scenarios. Stax Pay is well-suited for high-volume or large-ticket transactions, offering significant savings and comprehensive support.

Payment Depot excels with its transparent pricing and extensive feature set, making it ideal for businesses with diverse processing needs. Meanwhile, CardX’s surcharging solution is perfect for businesses aiming to pass on transaction fees to customers while enjoying competitive processing costs.

For more details on each company’s offerings and to read the full article, visit Better Business Advice’s website.

About Better Business Advice: Better Business Advice is a business advice website dedicated to helping businesses succeed. As an affiliate, Better Business Advice may earn commissions from services mentioned in the links provided. The information provided by Better Business Advice does not, and is not intended to, constitute legal advice; instead, all information, content, and materials are for general informational purposes only.

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Andrew Mathews (andrew@betterbusinessadvice.com)

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCE BANKING PAYMENTS PROFESSIONAL SERVICES TECHNOLOGY

SOURCE: Better Business Advice

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