Top 10 Best Credit Card Processing Companies in New York
In today’s modern landscape, cash is no longer the KING. Purchasers are rapidly gravitating towards cashless payment methods, including credit card, and debit card payments, as well as online payment such as, mobile credit card, and contactless payments processing services.
It is essential to collaborate with a vendor that allows you to accept payments seamlessly and caters to you with payment solutions that meet the needs and requirements of modern buyers.
In this blog, we will review some of the best payment processing solutions NY to assist you in figuring out which of them might be the best credit card processing service provider for your business needs.
What Is A Credit Card Processor?
While making card payments, there are a total of three companies involved: the business, the credit card company, and the credit card processor. The credit card processor is responsible for transferring funds from the credit card account to the business.
What to Look for in a Payment Processor Company
Businesses must optimize their cash flow in order to grow – which includes taking various types of payments. If you haven’t already started to maintain your cash, then we’d recommend that you begin by selecting an effective credit card processor.
Picking a payment processor begins by understanding what your business needs. Business owners must keep the following things in their mind while beginning their search for the best online payment processing service provider.
Reliability
When it comes down to picking the right payment processor, customer service should be at top of your list. You need a processor that is available when any problem arises, so that the problem can be solved in no time.
You should also bring in consideration the time zone where your card processor is located. You should ask the following questions:
- Do they have chat bots?
- Are they available 24/7/365?
- If your business does not overlap, do they provide self-service options?
Also, ask them how long and frequent maintenance usually takes. If their maintenance overlaps with your sales hours, it could hurt your optimized cash flow. Unpredictable and constant maintenance also disrupts the consumers buying process and may discourage buyers from purchasing from you in the future.
Cost
Another consideration is payment processor cost. Avoid picking options outside your budget that might become a burden on your pocket.
Expenses might vary from company to company. In order to avoid overpaying, search for brand that describes clear offers and pricing. Hidden fees can easily drain your morale and finances.
What Type of Card and Payments Do They Support
The most typical card types are American Express, Visa, Discover, and MasterCard. You might also need a software that can perform contactless transactions. This enables consumers to purchase using Google and Apple Pay.
Top Ten Payment Processing Solutions NY
Now that you are aware of what you should be looking for, it is now time to explore your available options. Take a look at these top 10 credit card processors for businesses below to find your perfect match.
1. Stripe
It offers per-transaction pricing with more than 100 features to pick from. Some of Stripe’s features include unified dashboard, 24/7 phone, global payments, email, and chat support. Stripe offers cardholder support to more than 195 countries with local payment options to reduce conversion rates.
2. CardX
CardX is aware about the intricacies of credit card compliances laws and has come a long way to build solutions that guarantees compliance. Many of their solutions are built in software. With CardX, you can sit back and relax as your consumers will have easy, and secure card transactions.
3. Shopify
If your business has an online component, bring Shopify into consideration. Their platform offers both online and in-person payments. It also enable users to embed payment solutions, you can enable secure checkout, and personalize the online shopping experience. In addition, its website offers a variety of learning resources to help you grow your business.
4. Price Right Global Solutions LLC
Price Right Global Solutions LLC is one of the service providers that delivers advanced and newly launched Clover devices for its business owners. Clover is one of the leading POS system provider in the industry. In addition, it can also connect you to various third- party applications, so that you can proceed using services that already works wonders for you.
Clover devices works just fine for businesses of all sizes and types. It also allows you to take complete control of your inventory, manage employees, create reports, etc. Price Right global Solutions LLC offers transparent pricing, which means no hidden fees or charges.
5. Payline
Payline is a payment processor with services for online and in-person payments. Their primary focus is on low transaction fees. It also accepts major credit card brands, Payline works if your business is looking for low transaction fees.
6. Dharma Merchant Services
Dharma Merchant Services is another trusted credit card payment processor that serves industries from all walks of life. When collaborating with vendors and suppliers, they pick sustainable and local providers when possible. Their cost differs from industry to industry, and you can easily view their full details on their website.
7. Payment Depot
Payment Depot is perfect for whole sales rate, it offers membership model rather than taking certain percentage of each payment. This way merchants do not have to upsurge their rates in order to cover transaction costs. Payment Depot has included their equipment costs in subscription fees, and their terminal types accept various types of payment options.
8. ProMerchant
ProMerchant is the best choice for retail and restaurant owners, it offer solutions for brick-and-mortar business along with online merchants. For those who operate high-risk businesses, there are services available for your businesses too. ProMerchant can also help you approve your account in about less than two hours.
9. Stax
If you own a healthcare operations, then Stax is the right card processor for you. It strives to simplify operations for business owners by acquiring an all-in-one platform with demos available if you request.
As a healthcare operator with Stax you can offer client payments plans and can also schedule payments for later dates. You can also accept contactless transactions digitally or in-person. Stax’s subscription has three various tiers that are billed per month.
10. National Processing
Are you looking for an industry-specific plans? National Processing can help you out. It focuses on catering plans for different industries. Some of the industry options they offer are restaurants, e-commerce, and retail. They also offer virtual terminal to those who only accept online and phone orders. In that case, no hardware will be needed.
Picking the Right Credit Card Processor
There are different credit card processors options available in the market. Based on your company’s plans, aims, and goals, you will need to consider security, equipment, costs, and tools while picking your provider.
If you own a small business and are struggling to find the best online payment processing service provider, then Price Right Global Solutions LLC can guide through every step of the procedure. Feel free to reach out to us and our representative will cater to all your queries.
