Top Picks | Best Merchant Service and Payment Processing Providers 2022

Monday, May 2nd, 2022

Are you having trouble sorting through the wealth of information and options available today when it comes to merchant service providers? If so, we’ve done the research for you. Finding the right payment processing provider is a make or break for a business owner. The following list of our top picks will help you choose the best merchant service providers for your small business.


One of the very best merchant service providers today, Worldpay is known for its scalability. Its pay-as-you-go offering makes it ideal for businesses that experience low transaction volumes or high transaction volumes – and anything in between. Since it is also an all-in-one provider, companies are able to use Worldpay for card reader payment gateway and virtual terminal services. Pricing plans are very flexible, transactions are processed in 1-3 days and your business gains 24/7 support.


At this point, everyone has heard of PayPal and has likely used it for either business or personal needs. The provider offers pay-as-you-go rates and accepts payments in many different currencies. Like Worldpay, PayPal is an all-in-one provider, offering merchant accounts, payment gateway, point of sale, and virtual terminal services all in one organized spot. Just be sure you spend some time comparing and analyzing the more complex pricing structure PayPal uses. This option is also great if you need a platform that supports international payments.


It’s no secret that the future is mobile payments from here on out. From its early days in 2009, Square has come a long way in its mission to provide some of the best end-to-end payment processing. This provider offers your company convenience in the ability to secure a point of sale system and merchant service with one provider. They also boast great support for low-volume merchants and specialized services for specific industries. 


Some businesses simply need more assistance with their payment processing for one reason or another. If customer service is one of the top needs on your list, consider Paymentsense. Paymentsense will negotiate cheaper rates with providers on your behalf, offer a range of card machines and provide a variety of payment gateway and virtual terminal services. You gain great rates and fully integrated payment solutions.

Ultimately, the option you choose will depend on your business type and your industry. What challenges do you face in payment processing? What do you need in a provider to overcome those obstacles? Make sure you also consider other details like scalability, international capabilities, and contract lengths.

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