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After conducting a thorough analysis, we were able to condense the initial list to the 10 best credit card processing companies. We found 24 companies that stood out for further evaluation based on their search volume and reviews by both professionals and consumers.

News analyzed and compared a variety of publicly available data, including internet search data, to determine which credit card processing service businesses are most interested in. We researched the companies and products people care most about. The following describes our 360 approach to researching and analyzing credit card processing companies to provide guidance to prospective business consumers.ġ. In addition, we maintain a separate business team that has no influence over our methodology or recommendations. All sample products provided for review are donated after review. Our 360 Reviews team does not take samples, gifts, or loans of products or services we review. To build our ratings, we researched more than 24 companies and analyzed 15 reviews. Our 360 Reviews team draws on this same unbiased approach to rate the products that you use every day. News & World Report, we rank the Best Hospitals, Best Colleges, and Best Cars to guide readers through some of life’s most complicated decisions. Why You Can Trust Us: 24 Companies ResearchedĪt U.S. This is a bank account that enables a business to accept credit cards, debit cards, and digital payments.

Merchant Account: The payment processing company facilitates the movement of money from the issuing bank to the merchant account.

Issuing Bank: The issuing bank is a financial institution associated with a customer’s credit card.

The payment processor validates card security and facilitates the transfer of payment, moving money from the issuing bank to the merchant account.

Payment Processor: Payment processors act as a shuttle, delivering information from the issuing banks of the credit cards customers use to merchant accounts, where accepted payments ultimately land.

The payment gateway communicates a payment decline or acceptance.

Payment Gateway: A payment gateway is a tool that securely connects information that is sent through the payment processor from a customer’s bank to the merchant’s account.

Point of Purchase: A customer makes a purchase in-store with a card reader or online through a business’s e-commerce site.