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The Top 6 Merchant Services: Square Flagship Merchant Services Helcim Payment Depot Fattmerchant Stripe. iPayment uses First Data as their processor, and it can get confusing trying to figure out who is processing what through what service. Helcim – The Best For Small Business.
In addition, they also ensure the privacy of business data and compliance with laws and regulations. Highest level of PCI security compliance that keeps payment data secure. HelcimHelcim is a low-cost payment processor dedicated to small and medium businesses. Transform mobile devices into point-of-sale systems.
PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). This regulation is managed by the Payment Card Industry Security Standards Council (PCI SSC) and is meant to protect the cardholder’s data.
Processor: An entity responsible for handling transaction data between the merchant, acquiring bank, and card networks. Helcim and Stripe are the more popular payment processors offering interchange plus pricing models. They often provide services such as authorization, clearing, and settlement. These can add up. to 2.54% + $0.10
Verify that the provider is PCI-DSS compliant to ensure that your customers’ data is protected according to industry standards. Fraud detection tools are also valuable, as they help minimize the risk of fraudulent transactions and safeguard your business and customers against data breaches.
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