One thing that confuses many in the business is the merchant services. In the hunt for finding the best merchant service providers, business owners come across many firms that make them more confused and challenging, making it harder for their business growth.
The hunt is worth struggling for as one can find their suited merchant service providers that aid their business growth, accept payments accordingly, and also increases their revenue.
Merchant services in other words are the processes that cover the business payments from their customers. It offers a wide range of processing solutions making the payment easy for both business owners and customers.
With many merchant services in the market, this article will present you 2020’s four best merchant service providers for small businesses.
Square
If you are looking for a simple and easy mobile merchant services, then Square is the best option. It is one of the best service providers for small businesses that do not require a committed merchant account. Square is best known as the payment service provider than the merchant account provider.
The transaction process ranges from 2.5% to 2.6% with no monthly fee or sets up. Apart from this, its services include
- Payment gateways
- Joined payment service accounts
- Card readers
- Great online shopping experience
- POS systems
- Quality customer service and satisfaction
- Merchant financing and more.
Square is best suited for small businesses for it does not offer a committed merchant account making it difficult for large businesses.
Merchant Services Broker Solutions
Next in the list is MS Broker Solutions, one of the best and finest merchant service providers in the industry. It gives its customers the freedom and options to use debit and credit cards as a payment option making the small businesses simple and easy.
It has one of the lowest costs of processing, compromising nothing in the quality and services. It serves its customers in the best way possible ensuring innovation, honesty, and transparency.
The aim of the company is to make the payment options easy and accessible for businesses of all sizes and kinds. It is an award-winning firm, offering the finest customer satisfaction with a five-star rating to its credit.
The services offered by the Merchant Services Broker Solutions are
- Accepting multiple payment methods
- PCI compliance
- Great and simple user experience
- Detection and prevention of fraud and theft
- Top-notch payment assistance
- Excellent customer service – 24/7/365
PayPal
If you are looking specifically for online merchant services that aid you in accepting payments online, then PayPal is the right choice. It offers merchant services at the best rate possible for it belongs to the category of a payment service provider, then the merchant account provider. It is best suited for small businesses and leads the list of service providers in the industry.
Single transactions include 2.9% which charges just $30 monthly fee pay. It is an affordable merchant service, that gives you loads of opportunities, which includes the Pay Pal Here too. Pay Pal Here is a smart free device app that gives you an option for card payments through its reader. And the best part about this app is, it is easily accessible for just $14.99.
Therefore, if you are looking for an affordable merchant service provider along with the in-person payment option, then PayPal is the best option for your small businesses.
Chase Merchant Services
The last that leads on the list is the Chase Merchant Services. It is a traditional service provider that offers the best and finest merchant services. It has many benefits to its credit which includes the bank merchant service provider. It includes acquiring bank and two-in-one processors which makes the payment process move easier and faster.
Unlike other merchant service providers, Chase Merchant Services is open to innovations giving its customers varied options and solutions. Out of many innovative options, it offers a mobile card reader with a full POS system.
Thus, the above are the best four 2020’s merchant service providers. With its varied options and services, these service providers continue to evolve making the small businesses easy, reliable, and simple. So before you hastily and randomly select a service provider, it is always advisable to compare their offerings and prices along with their options and services.
