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What’s the Best Payment Processor for Small Business?

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Learn More Subscription This model uses a monthly membership fee, which then gets the business access to the direct wholesale cost of credit processing from Visa and Mastercard. It’s a combo of subscription and flat-rate pricing structures. Helcim Helcim provides full-service merchant accounts without a monthly fee.

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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

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Some popular processors offering interchange plus pricing structures include Payment Depot, Stripe, and Helcim. Payment processors who’ve popularized this model include PayPal and Square. This is why it’s important to consider whether your transactions mostly fall under the lower or higher rates.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

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Square and PayPal are two that have popularized this model. Helcim and Stripe are the more popular payment processors offering interchange plus pricing models. Membership pricing instead is a subscription model where you pay a monthly fee and then whatever the interchange rates are at the time of transaction. These can add up.