Merchant services play a huge role in businesses, accepting the debit and credit transactions in online and/or in-person. The merchant service providers offer tools for payment processing like the POS system, payment gateways, and card-reading hardware. Since there are many merchant service providers in the market, this article has compiled a few of the best service providers for small businesses to help the newbies.

Best Merchant Services for Small Businesses

• Square – Square is a one-stop solution for it accepts payments through an online, in-store, virtual terminal, and invoice payments. It is one of the simplest providers for its predictable and transparent pricing. Its usage is free except that it charges only for the transaction fees. Its user-friendly software helps a load for small businesses while demanding no contract, no applications, no monthly fees, or minimum requirements.

• Merchant Services Broker Solutions – MSBS or Merchant Services Broker Solutions is considered as one of the best and finest service providers, best suited for the small businesses. It also takes the top position in the best merchant services providers in 2020. The company offers a flexible and convenient payment processing system and accepts multiple payment methods. It accepts MasterCard, Visa, Discover, JCB, American Express, Google Pay, Masterpass, Apple Pay, and Diner’s Debit card and Club Card. Its team offers 24/7 customer support promising smooth payment acceptance.

• Fattmerchant – Another popular service provider is Fattmerchant, offering a suitable subscription plan for its users. Though it comes with a high monthly fee but is compromised greatly on the transaction fees. The company uses Omni software, which is considered as the best and the latest software in the market. It comes with recurring payment tools, invoicing, and reporting features. Its transparent pricings make it best suited for businesses like wellness companies, healthcare companies, field services, professional services like lawyers, and more. 

• Dharma Merchant Services – A traditional service provider, Dharma Merchant Services offers processing services of interchange plus credit cards for restaurants, storefronts, and B2B sales. Its low-cost processing and no contract features make it one of the most favored firms among the consumers. Its transparent and simple policies and options make it the best-suited service provider for small businesses.

• Helcim – Helcim is considered as the one-stop merchant account provider. It is a great option for small businesses and established businesses. It offers great options and features such as no early termination fees or contracts of any kind, good in international payment processing, and provides free POS, online store software, and invoicing.

Choosing the right merchant service provider is a difficult job, especially if it is a new small business or an established small business. The above providers take a lead in the industry, so choose according to your business needs.