Best Credit Card Processors For Ecommerce

Merchant Warehouse - Merchant Warehouse has some of the best customer service in the credit card processing industry and offers a very competitive discount rate for internet transactions. Unlike some credit card processors, Merchant Warehouse offers a very quick start-up time and can have an online merchant approved and processing transactions within twenty-four hours of receiving a merchant's application. 99% of all merchants who apply for an account with Merchant Warehouse are approved. The company does not require a merchant to pay any start-up costs, and there is no binding contract or termination fees that limit a merchant's ability to switch to another credit card processor down the line. Customers and merchants alike can have instant, real time access to the details of their transactions, and the 24/7 customer and technical support staff will keep a merchant's business up and running anytime of the day. The only criticism that Merchant Warehouse customers have made is that their sales department does not always get back to new customers right away when they are applying for an account, but this problem can be circumvented with a quick follow up call to the company to keep things moving.

Merchant One - Out of all of the credit card processors that a merchant has to choose from, only Merchant One can offer same day start-up once a merchant has submitted his application. Merchant One has some of the best software available for ecommerce merchants, including a useful account dashboard that lets merchants intuitively access the data that they need without needing to go hunting for it. Merchant One also offers the hands-down fastest rate when it comes to payments clearing an account, with almost all transacting completely processed within a single day. However, Merchant One does not offer live chat for customer support, which is feature that many internet merchants find to be quite useful. Merchants with a low credit rating should note that Merchant One does not approve as many of their applicants as some credit card processors.

Flagship Merchant Services - Flagship Merchant Services is generally considered to be one of the most reputable credit card processors in the industry and has earned numerous awards by a variety of ecommerce organizations and publications. One of the things that many merchants find appealing about Flagship Merchant Services is that they allow their customers to do business based on a month-to-month contract, meaning merchants do not have to worry about a termination fee if they decide to close up shop or switch to another credit card processor. On the downside, Flagship Merchant Services does not accept most international credit cards, which is a deal breaker for any merchant who does much business outside of the United States.

Electronic Transfer Inc - Electronic Transfer Inc offers a completely free start-up and an excellent virtual terminal that seamlessly integrates with a merchant's website. Unlike some credit card processors, Electronic Transfer Inc processes all of their merchant applications themselves, resulting in a much faster turn around time. The only major problem with Electronic Transfer Inc is that they do offer customers very many options for point of sale credit card equipment. This can be a problem for merchants who have a business presence both on the internet and at the retail level.
Gotmerchant - Gotmerchant is one of the most popular credit card processors for merchants who do nearly all of their business online. Their virtual terminal offers comprehensive fraud protection using state of the art data encryption, and merchants can choose from a wide array of gateway providers. Gotmerchant does charge new merchants a fairly high start-up cost of just under fifty dollars, but the credit card processor will remove the fee for merchants who are willing to pay a slightly higher monthly statement fee.