Credit Card Processing Companies: Who Has the Best Merchant Account Rates?

Updated on November 22, 2021

Best Credit Card Processing Companies:- The first question you should ask is do you offer interchange-plus pricing. Why? The go to pricing for most payment processing providers is the tiered-rate pricing model where you have a different rate for debit, qualified, mid-qualified and non-qualified transactions. Many times the way it’s explained to you by a merchant services rep can be a bit deceiving because of the surcharges that aren’t explained properly and are added to your mid and non-qualified transactions. Typically you end up getting charged higher rates and paying more overall when you elect to go with the tiered rate plan even if you think it’s quoted as the lowest rate you’ve seen.

Bottom line is don’t accept tiered rate pricing, instead always ask for interchange-plus pricing. Why you ask? The answer is really quite simple. Your TER or total effective rate is almost always lower. The way you get your TER is to look at your most recent processing statement and divide your total volume for the month into the total charges for the month. To learn more about interchange-plus pricing click The Kiss Method to Understand Interchange-Plus Pricing. Most business owners are too busy and just want the bottom line and now you have it. Why would you ever want to pay surcharges again when you can pay only a small percentage over the actual cost? That’s interchange-plus pricing in a nutshell.

Many providers only offer interchange-plus pricing to higher volume merchants, however we’ve researched hundreds of credit card processing companies and found merchant account providers that will offer this type of low rate pricing for start-ups and established low to high volume merchants. These providers have excellent ratings with BBB and have received the merchant service provider Best of Category Award.

Don’t want to get stuck in another 3 year contract? No problem, these providers have no long-term contracts, no early termination fees and transparent interchange-plus pricing.

Check out the providers below, get several quotes, ask questions and enjoy your new found savings.

Best Merchant Account Rates

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MasterCard Data Integrity

Best of Category Award

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Best of Category Award

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Best of Category Award

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review of payline data credit card processing

Best of Category Award

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Best Merchant Account Rates for U.S. Businesses

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brand-bluepayBluePay’s interchange-plus pricing allows you to get the best rates possible for your credit card processing services. When you call or apply online to get a quote, make sure you ask for interchange-plus pricing and request no early termination fee. BluePay has all of the latest technology and products to help your business get to the next level, offers a free side-by-side cost analysis and has the BluePay Challenge where if they can’t save you money they’ll give you $500 for letting them try. BluePay takes extra precautions to ensure your customer’s card data is secure and is a Best of Category Award Winner with an A+ BBB rating. To learn more, visit the BluePay Website or read the complete review.

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