Our Top 8 Cheapest Credit Card Processing Solutions for Small Businesses

Our Top 8 Cheapest Credit Card Processing Solutions for Small Businesses If you run a small business and are looking for the cheapest credit card processing solutions on the market today, look no further than our 8 picks! Unemployment is hovering around a near all time low of 4%. That coupled with outstanding consumer confidence has created conditions where business owners are turning massive profits in comparison to what they were generating over the last half decade. In order to take advantage of the up economy, its imperative that you ditch the cash-only sales moniker and start giving consumers ways to pay by card. Maybe youre not sure where to get started when it comes to credit card processing. Maybe youre already processing credit card payments but are curious to know what the cheapest credit card processing solutions are. Either way, weve got you covered. In this article, I share with you the 8 best and cheapest credit card processing companies you can start doing business with today! 1. PayPal Starting off my list of the cheapest credit card processing solutions is good old PayPal! PayPal is a premier brand when it comes to online payments but it was slow out of the gate when it came to helping businesses make in-person sales. Well, as it turns out, slow and steady wins the race because now that PayPal has hit the credit card processing scene, its offering a solid product. With PayPal, youll enjoy no monthly fees and a low 2.9% per swipe + $0.30 service charge. 2. Stripe Next up is a small business favorite in the cheapest credit card processing solutions pool, Stripe. Stripe boasts being the new standard for accepting payments both online and off and Im having a hard time disagreeing with them. They offer an incredibly intuitive sales portal for business owners to manage their income and feature excellent online and offline sales integrations. Whats more, Stripe matches PayPal blow for blow when it comes to pricing. The company charges zero in monthly fees and has a per sale cost of 2.9% + $0.30. 3. High Risk Solutions This isnt the cheapest credit card processing company youll see on most lists, but dont let that deter you from hearing what this company has to offer. At High Risk Solutions, they specialize in helping companies that are having trouble getting their credit card processing applications approved. You might ask yourself, Why would a company have trouble getting approved by a well-known credit card processing company?. Well, there are a lot of reasons for that but one of the top ones is that not all industries are looked at favorably by mainstream processors. For example, businesses operating in niches like debt collection, online gaming, multi-level marketing, and the like may have a tremendous amount of trouble finding a processing partner. Thats where High Risk Solutions swoops in to save the day. Not only does High Risk Solutions not discriminate against industries, as an added bonus, it also offers great rates! View here to find out what businesses might benefit from this type of payment processor. 4. Square Square was the maverick company in the mobile credit card processing space. It gets its name from its trademark square card readers that users plug into their phones when swiping cards. With Square, not only are you partnered with a credit card processing pioneer, but youre also partnering with one of the most widely used mobile processing companies in the world! Square offers one of the best rates available today with just 2.5 2.6% + $0.10 per dip, tap or swipe! 5. Shopify If you already have an online store running through Shopify, youll want to consider using its credit card processing solution. Why? Because youll get unparalleled integration as far as sales reports and other important data is concerned. Not only that, but Shopifys processor works well and their rates are superb for people already using their products. Shopify charges just 2.4 2.7% for in-person credit card swipes so long as you have an online store with them. 6. QuickBooks Similar to Shopify, if you use QuickBooks, youll want to consider using their credit card processing product. With QuickBooks credit card processing, youll enjoy the ability to accept all major credit cards and whenever you sell a product, that product will automatically be deducted from your QuickBooks inventory. That makes your inventory management process fully automated which can save you a lot of time getting all of your books in order at the end of the month. QuickBooks is one of the most streamlined and cheapest credit card processing solutions given its flat 2.7% rate. 7. Amazon Pay Amazon has its toe dipped into every major industry and credit card processing for small businesses is no exception. With Amazon Pay, youll enjoy your payment processing being backed by one of the biggest and most innovative companies on earth. Youll also earn consumers trust by letting them know that Amazon is handling their payment information. On top of that brand recognition, youll enjoy a low swipe rate of just 2.9% + $0.30. 8. Helcim Rounding out our cheapest credit card processing suggestions is a company youve probably never heard of, Helcim. What Helcim lacks in advertising dollars, it makes up for in awesome service. Helcim not only packs all of the same features as the biggest credit card processing players on our list, but it also offers a sliding fee structure. That unique fee structure means youll be able to score awesome discounts if youre selling a lot of items per month! Wrapping Up Cheapest Credit Card Processing Solutions for Small Businesses There you have it! 8 of the best and cheapest credit card processing solutions for your small business. My hope is that youll find on this list a provider that suits your workflows and that you can get started accepting credit card payments and growing your business fast! Are you looking to find ways to scale your business in todays digital-focused economy? If so, Ive got you covered. Check out more of my free business advice now or lets work together one-on-one and start building your brand into the behemoth its meant to be!