Where to Get Credit Card Processing Services in 2020 

Friday, June 19th, 2020

Today, credit card processing is almost a must-have for any business accepting payments, whether in-person or online.

But you can’t do much without a payment processor, who usually acts as the link between a business and the various parties involved in each transaction, i.e., bank, issuing company, and the card network.

So which best credit card payment processors should you consider for your payment processing needs?


PayPal is known for its reasonable and honest credit card processing rates.

  • Paypal charges 2.7% for every in-person transaction
  • For every online payment, it charges 2.9% plus 30
  • For every sale that goes through PayPal’s virtual terminal, a merchant pays 3.1% plus 30 cents
  • Manually entered credit card transactions cost 3.5% plus 15 cents per transaction.

Paypal also offers a POS (point-of-sale) and mobile credit card processing for in-person transactions.

On top of that, it ensures unswerving retailer support and a special funding program for retailers.


Square is popular payments experts that onboards both individuals and companies from a wide range of sectors.

The firm uses the flat-rate pricing model, so a retailer pays a constant rate no matter the type of card.

  • Merchants pay a 2.6% fee for any in-person transactions
  • Fee for manually keyed-in payments is slightly higher at 3.5% plus 15 cents because these are fraud-prone transactions.

Square is also an aggregator; it offers a pool account that onboards retailers as sub-merchants under its primary merchant account.

Lastly, it offers mobile credit card processing for in-person payments and a wide range of software and ecommerce technologies. Square also provides business funding.


Payline is a credit & debit card payment processor. It facilitates both in-person, web, and mobile payments and serves both micro-businesses and individual customers.

Payline services come in two payment models, namely, Start and Connect.

  • The Start plan focuses on smaller retailers and seeks to support POS hardware and mobile POS gadgets. Under this model, the retailer pays $10/month and 0.2% plus 10 cents in transaction fees.
  • Under the Connect plan, a merchant pays $20/month and 0.3% per plus 20% in transaction fee.

On top of payment processing, Payline provides other useful business tools and software, including integrations to a range of POS systems and accounting services.

Parting Shot

Other service providers like QuickBooks Payments, Helcim, Adyen, Stripe, CreditCardProcessing.com, and more also offer dependable credit card processing.

Be sure to study the payment plans and familiarize yourself with any related costs to make an informed choice.

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