7 Cheapest Credit Card Processing Companies for 2022 – Which One Is Right for Your Business?

7 Cheapest Credit Card Processing Companies for 2022 – Which One Is Right for Your Business

And 2022 isn’t that far away! If you’re thinking about accepting credit cards, then here are 7 of the cheapest credit card processing companies you can use in 2022 to accept payments from your customers and clients. Keep reading to find out which one of these could be the best credit card processing company for your business.

No 1. Merchant Services the USA

Merchant Services USA is the first company on our list and this is because they can offer both card-present and card-not-present transactions. They also offer you a no-contract option, so you’re able to cancel your account at any time. All their pricing starts from as little as $0.0075 per transaction, making them one of the cheapest options available in the country for credit card processing services.

Though Merchant Services USA does not give out free statements or receipts, their pricing and service quality is superb for businesses on a budget, where every penny counts.

No 2. Bankers Systems

Bankers Systems is the oldest and most stable credit card processing company in the industry. They also offer a great price point, as they’re ranked at number two on our list of 7 cheapest credit card processing companies for 2022. Bankers have a large and loyal customer base but don’t target startups or small businesses that don’t generate large transactions. If you are looking for a well-established business with a lot of history and stability, this might be your best bet. They have great features, such as live 24/7 service and up to 98% transaction approval rates. However, if you do not process a high volume of transactions or need features that are better suited to new customers like monthly reports and ease of set up, then this might not be the best option for you.

A List Of 7 Cheapest Credit Card Processing Companies For 2022

No 3. Payment Depot

The world of payment processing is ever-changing, and with newer, cheaper providers on the market every year, it’s hard to know who will offer you the best rates. We’ve compiled a list of the seven cheapest credit card processing companies for 20202 to help you choose. These providers have been evaluated on both price and level of support offered. You’ll find a chart at the bottom that compares what each provider offers so you can quickly see if they’re right for your business before getting into any details.

No 4. First Data

First Data is a leading provider of credit card processing, checkout solutions, and retail store systems. They have developed technology that is scalable and ready to meet the needs of almost any small business. Founded in 1988, First Data became one of the most recognized companies in the world. With nearly 5 million merchant locations worldwide and annual revenue in excess of $8 billion, First Data continues to be an innovator that provides products and services tailored to its customer’s specific needs.

No 5. Global Payments Inc.

It is also important to be able to accept various forms of payment, so as a business owner, you need to make sure that your processing company will support the type of card or form of payment that you intend to take. This can be done by getting in touch with their customer service team and asking them about their acceptable payments. Asking this question beforehand can save you from rejection. If the company does not seem to support one of the forms of payment that you intend on taking, then don’t bother going any further with them. There are plenty of other companies out there who will gladly work with you and your needs. No 6. Cyber Source: It’s important to find a credit card processing company that allows customization because not every single client has the same needs when it comes to accepting credit cards. Some clients might want refunds right away while others may want more detailed receipts at the end of each transaction, which means different software would have to be used between those two types of businesses.

No 6. Chase Paymentech Solutions

Chase Paymentech Solutions is a popular credit card processing company and the best value out of the 7 different companies on this list. While there are several other credit card processing companies to choose from, most have monthly fees that range from $0-$500. Chase Paymentech Solutions falls at the lower end of this spectrum with a monthly fee of $19, which can be paid upfront or in three installments. In addition to affordable pricing, Chase offers competitive rates to make it easier for you to stay profitable and maintain your customer base.

No 7. TPV Technology

If you are looking for the cheapest credit card processing company, then you have come to the right place. Here is a list of 7 of the cheapest credit card processing companies:

Frequently Asked Questions

What types of transactions does TPV process? TPV can process transactions in many different formats such as chip cards, magnetic stripe cards, and EMV technology. What industry can TPV work with? TPV can work with any industry which has customers paying on a recurring basis. For example travel and hospitality, education, nonprofit organizations, etc. How will my transactions be processed? TPV processes transactions in batch files rather than as they occur which is advantageous because batch files will include all incoming transactions over a certain period of time – such as 24 hours or 7 days.