How We Evaluated Free Merchant Accounts
30% of Overall Score
Merchant accounts are a necessary business expense, which is why it used to be so expensive to pay with credit cards. These days things it’s easier for the best free merchant accounts for small businesses.
NETELLER
NETELLER is one of the best free merchant accounts for small businesses. It’s super easy to get set up and you can get set up right away for FREE.
They also have tons of tutorials and webinars to help you get the most out of your card readers.
Primus
Primus also has a close to 100% approval rate on CCJs and does not seem to report your business to the credit bureaus.
They also double dip by offering you a card reader and merchant account so you can accept credit card payments anywhere.
They also offer a pay-as-you-go option which is super handy if you need to be more responsive to your customers.
Square
Square is one of the best free merchant accounts for small businesses and it’s easy to learn how to start accepting credit cards and start sharing your credit card reader with your venue or customers.
They offer a FREE card reader and merchant account for 4.
CovEx
CovEx is one of the best merchant accounts for small businesses. You can sign up for detailed merchant account reviews.
25% of Overall Score
Merchant accounts are the gateway to making money on the internet. Setting up merchant accounts has a pay off of 5-10% of overall revenue as recurring revenue. As a result, it's imperative to find the best network based merchant account.
25% of Overall Score
Merchant accounts are the gateway to making money on the internet. Setting up merchant accounts has a pay off of 5-10% of overall revenue as recurring revenue. As a result, it's imperative to find the best network based merchant account.
20% of Overall Score
Free merchant accounts are fast becoming a necessity for any small business, and it’s no wonder as there is no hidden cost associated with using this type of service.
Another great thing about free merchant accounts is that they’re easy to use and manage since they are automatically pre-registered through the system. Even if you have no idea how to manage your own free merchant account, you will still be able to use these accounts without any worry.
With innovative services and flexible solutions at every corner, free merchant accounts have the benefit of offering you more than just a free account. Not only do they come with add-ons such as anti-fraud protection and added security features, but they also give you the convenience of acquiring payments on demand, pre-registration and multiple currencies.
As you can see, there are plenty of advantages that come with signing up for a free merchant account. So if you’re looking for a little something extra to make your small business run smoother, a free merchant account might be just what you’re looking for.
Square
Square is the king of the free POS systems that handle online payments. This is because it’s versatile, affordable, and contains a lot of code that it encourages users to download.
It’ll integrate with most credit card processing. You sign-up for free, and then have to go through a simple set-up and you’re ready to go.
This is a great system for anyone who wants a basic, no-fuss POS system that can be done in minutes and doesn’t take a lot of time to use.
Some features worth noting:
- Multiple Android and iOS devices can be connected to this app, so multiple people can handle the cash register and process payment.
- Integrates with over 60 payment gateways.
- Payment is auto-generated and deposited into your bank account.
- Can setup to accept online payments.
- Cash drawer counts automatically.
- Setup takes minutes.
- Cash drawer locks automatically.
- Free version has all the features you need.
PROS
There are many reasons why you might want to open a merchant account for your small business. One of the most important ones is that it’s the only way to accept credit cards online.
About 1 in 4 adults in the U.S. has a credit card. If you want your customers to be able to use a credit card online, this is a major selling point.
Most companies don’t start selling online until they’re at least 3 years old. Once your company’s goals have been set, finding a merchant account becomes a priority. Because if you don’t set up a merchant account before you launch, you’ll have to wait until you have a customer base before you can accept credit cards. This wastes valuable time and resources.
CONS
Retailers considering a full-service e-commerce offering may want to consider offering wholesale to brick-and-mortar retailers or sell online on behalf of retailers. You can customize the checkout process and user experience to comply with local laws in your region. You can also introduce physical locations to your brand, which could be a new draw for your brand.
The drawback to this strategy is that it takes some time up front to build the site, provide logistics and fulfillment, and establish partnerships with retailers. It also requires someone with expertise in e-commerce to administer the site and make sure everything stays up and running.
If you already have a brick-and-mortar business, you could also sell products in your existing store and find opportunities to co-market online. If you don’t currently have a brick-and-mortar location, partnering with a location or hiring a site administrator to manage a social media and e-commerce presence as an employee may be worth the time and money.
- MINDSHARE
MINDSHARE’s Market Intelligence Reports provide retailers with comprehensive information about the consumer and retail industry.
By submitting a business category, processing company, and territory, Market Intelligence Reports provide comprehensive retail information to help you make smarter business decisions.
Pricing
We all know that to do business, a lot of money is required. As a small business, you need a credit card processing company that offers you the best prices. We have created this list of top 5 merchant account providers that will make your business more successful. Do your research before deciding upon a Merchant Seller or the service provider.
Global Payment Systems is a Merchant Services Company that offers the best rates and lowest fees. Their prices are so low that there is no competition for their services. They have added a new kind of service known as the Merchant Center. This service informs their clients about the different types of transactions that are taking place with them.
Square is a small business-friendly and also the tiny card reader which makes it easy to accept credit card payments. They offer 2 new unique features called Square Capital and Square Trade. Square Capital allows you to receive business loans in just a day and can keep your business running financially. Square Trade is a feature of the service which allows you to get the money back for replacements and repairs to your card reader.
First Data has a great reputation for providing card services to small businesses. When you want to start over to build a better business if something happens to you. First Data is a great company to work with.
We created this post to help you make the right decision after comparing all the accounts offered by each company.
Features
The requirements associated with opening a merchant account depend on the type of business you have. For example, a small electronics business won’t need as much financial backing as a wholesale distributor. So what are the features of a top-notch merchant account? Here’s a brief overview of some of the most common characteristics.
Accept and Charge Credit Cards
The ideal merchant account will allow you to accept credit card payments and process credit cards for refunds. A merchant account‘s ability to process and maintain credit cards is essential in order to develop long-tern relationships with your customers.
Accept Debit Cards
The type of business you have will determine the type of debit card you’ll need when establishing a merchant account. Some businesses issue their own debit cards and process their own transactions, making a separate merchant account unnecessary, while others can utilize a debit card issued by the merchant account provider. This is also called a co-branded debit card.
Get Approval for Quick Processing
The amount of business you’ll need to process through the merchant account will significantly influence the provider’s approval process. You’ll want to engage with a merchant account that accepts large purchases in a speedy manner.
PayPal
PROS
There are many reasons why you might want to open a merchant account for your small business. One of the most important ones is that it’s the only way to accept credit cards online.
About 1 in 4 adults in the U.S. has a credit card. If you want your customers to be able to use a credit card online, this is a major selling point.
Most companies don’t start selling online until they’re at least 3 years old. Once your company’s goals have been set, finding a merchant account becomes a priority. Because if you don’t set up a merchant account before you launch, you’ll have to wait until you have a customer base before you can accept credit cards. This wastes valuable time and resources.
CONS
Retailers considering a full-service e-commerce offering may want to consider offering wholesale to brick-and-mortar retailers or sell online on behalf of retailers. You can customize the checkout process and user experience to comply with local laws in your region. You can also introduce physical locations to your brand, which could be a new draw for your brand.
The drawback to this strategy is that it takes some time up front to build the site, provide logistics and fulfillment, and establish partnerships with retailers. It also requires someone with expertise in e-commerce to administer the site and make sure everything stays up and running.
If you already have a brick-and-mortar business, you could also sell products in your existing store and find opportunities to co-market online. If you don’t currently have a brick-and-mortar location, partnering with a location or hiring a site administrator to manage a social media and e-commerce presence as an employee may be worth the time and money.
- MINDSHARE
MINDSHARE’s Market Intelligence Reports provide retailers with comprehensive information about the consumer and retail industry.
By submitting a business category, processing company, and territory, Market Intelligence Reports provide comprehensive retail information to help you make smarter business decisions.
Pricing
We all know that to do business, a lot of money is required. As a small business, you need a credit card processing company that offers you the best prices. We have created this list of top 5 merchant account providers that will make your business more successful. Do your research before deciding upon a Merchant Seller or the service provider.
Global Payment Systems is a Merchant Services Company that offers the best rates and lowest fees. Their prices are so low that there is no competition for their services. They have added a new kind of service known as the Merchant Center. This service informs their clients about the different types of transactions that are taking place with them.
Square is a small business-friendly and also the tiny card reader which makes it easy to accept credit card payments. They offer 2 new unique features called Square Capital and Square Trade. Square Capital allows you to receive business loans in just a day and can keep your business running financially. Square Trade is a feature of the service which allows you to get the money back for replacements and repairs to your card reader.
First Data has a great reputation for providing card services to small businesses. When you want to start over to build a better business if something happens to you. First Data is a great company to work with.
We created this post to help you make the right decision after comparing all the accounts offered by each company.
Features
The requirements associated with opening a merchant account depend on the type of business you have. For example, a small electronics business won’t need as much financial backing as a wholesale distributor. So what are the features of a top-notch merchant account? Here’s a brief overview of some of the most common characteristics.
Accept and Charge Credit Cards
The ideal merchant account will allow you to accept credit card payments and process credit cards for refunds. A merchant account‘s ability to process and maintain credit cards is essential in order to develop long-tern relationships with your customers.
Accept Debit Cards
The type of business you have will determine the type of debit card you’ll need when establishing a merchant account. Some businesses issue their own debit cards and process their own transactions, making a separate merchant account unnecessary, while others can utilize a debit card issued by the merchant account provider. This is also called a co-branded debit card.
Get Approval for Quick Processing
The amount of business you’ll need to process through the merchant account will significantly influence the provider’s approval process. You’ll want to engage with a merchant account that accepts large purchases in a speedy manner.
Stripe
PROS
There are many reasons why you might want to open a merchant account for your small business. One of the most important ones is that it’s the only way to accept credit cards online.
About 1 in 4 adults in the U.S. has a credit card. If you want your customers to be able to use a credit card online, this is a major selling point.
Most companies don’t start selling online until they’re at least 3 years old. Once your company’s goals have been set, finding a merchant account becomes a priority. Because if you don’t set up a merchant account before you launch, you’ll have to wait until you have a customer base before you can accept credit cards. This wastes valuable time and resources.
CONS
Retailers considering a full-service e-commerce offering may want to consider offering wholesale to brick-and-mortar retailers or sell online on behalf of retailers. You can customize the checkout process and user experience to comply with local laws in your region. You can also introduce physical locations to your brand, which could be a new draw for your brand.
The drawback to this strategy is that it takes some time up front to build the site, provide logistics and fulfillment, and establish partnerships with retailers. It also requires someone with expertise in e-commerce to administer the site and make sure everything stays up and running.
If you already have a brick-and-mortar business, you could also sell products in your existing store and find opportunities to co-market online. If you don’t currently have a brick-and-mortar location, partnering with a location or hiring a site administrator to manage a social media and e-commerce presence as an employee may be worth the time and money.
- MINDSHARE
MINDSHARE’s Market Intelligence Reports provide retailers with comprehensive information about the consumer and retail industry.
By submitting a business category, processing company, and territory, Market Intelligence Reports provide comprehensive retail information to help you make smarter business decisions.
Pricing
We all know that to do business, a lot of money is required. As a small business, you need a credit card processing company that offers you the best prices. We have created this list of top 5 merchant account providers that will make your business more successful. Do your research before deciding upon a Merchant Seller or the service provider.
Global Payment Systems is a Merchant Services Company that offers the best rates and lowest fees. Their prices are so low that there is no competition for their services. They have added a new kind of service known as the Merchant Center. This service informs their clients about the different types of transactions that are taking place with them.
Square is a small business-friendly and also the tiny card reader which makes it easy to accept credit card payments. They offer 2 new unique features called Square Capital and Square Trade. Square Capital allows you to receive business loans in just a day and can keep your business running financially. Square Trade is a feature of the service which allows you to get the money back for replacements and repairs to your card reader.
First Data has a great reputation for providing card services to small businesses. When you want to start over to build a better business if something happens to you. First Data is a great company to work with.
We created this post to help you make the right decision after comparing all the accounts offered by each company.
Features
The requirements associated with opening a merchant account depend on the type of business you have. For example, a small electronics business won’t need as much financial backing as a wholesale distributor. So what are the features of a top-notch merchant account? Here’s a brief overview of some of the most common characteristics.
Accept and Charge Credit Cards
The ideal merchant account will allow you to accept credit card payments and process credit cards for refunds. A merchant account‘s ability to process and maintain credit cards is essential in order to develop long-tern relationships with your customers.
Accept Debit Cards
The type of business you have will determine the type of debit card you’ll need when establishing a merchant account. Some businesses issue their own debit cards and process their own transactions, making a separate merchant account unnecessary, while others can utilize a debit card issued by the merchant account provider. This is also called a co-branded debit card.
Get Approval for Quick Processing
The amount of business you’ll need to process through the merchant account will significantly influence the provider’s approval process. You’ll want to engage with a merchant account that accepts large purchases in a speedy manner.
QuickBooks Payments
Pro … No Installation
When it comes to merchant account costs, starting a new business usually ends up costing a lot with the outlay of multiple fees such as merchant fees and setup fees that small businesses have to pay.
The fees could be written off as a one time expense but it still is a hefty amount especially for new businesses. As a small business owner, the last thing you or your business needs is to spend a lot of time working on your administrative matters. With QuickBooks Payments Pro, there is no installation requirement so there is no need to use extra hours to go through the installation process. The software is ready to use, no setup required.
Merchant fees are really cheap for small and budding businesses. Even with different chargeback policies, you will pay less than the minimum credit card transaction fees. There is no extra charge if you want to increase the monthly earnings which encourages more money to flow in your business.
This payment system paired with QuickBooks will help you manage your business better and give you a much more efficient way of processing payment easily.
PROS
There are many reasons why you might want to open a merchant account for your small business. One of the most important ones is that it’s the only way to accept credit cards online.
About 1 in 4 adults in the U.S. has a credit card. If you want your customers to be able to use a credit card online, this is a major selling point.
Most companies don’t start selling online until they’re at least 3 years old. Once your company’s goals have been set, finding a merchant account becomes a priority. Because if you don’t set up a merchant account before you launch, you’ll have to wait until you have a customer base before you can accept credit cards. This wastes valuable time and resources.
CONS
Retailers considering a full-service e-commerce offering may want to consider offering wholesale to brick-and-mortar retailers or sell online on behalf of retailers. You can customize the checkout process and user experience to comply with local laws in your region. You can also introduce physical locations to your brand, which could be a new draw for your brand.
The drawback to this strategy is that it takes some time up front to build the site, provide logistics and fulfillment, and establish partnerships with retailers. It also requires someone with expertise in e-commerce to administer the site and make sure everything stays up and running.
If you already have a brick-and-mortar business, you could also sell products in your existing store and find opportunities to co-market online. If you don’t currently have a brick-and-mortar location, partnering with a location or hiring a site administrator to manage a social media and e-commerce presence as an employee may be worth the time and money.
- MINDSHARE
MINDSHARE’s Market Intelligence Reports provide retailers with comprehensive information about the consumer and retail industry.
By submitting a business category, processing company, and territory, Market Intelligence Reports provide comprehensive retail information to help you make smarter business decisions.
Pricing
We all know that to do business, a lot of money is required. As a small business, you need a credit card processing company that offers you the best prices. We have created this list of top 5 merchant account providers that will make your business more successful. Do your research before deciding upon a Merchant Seller or the service provider.
Global Payment Systems is a Merchant Services Company that offers the best rates and lowest fees. Their prices are so low that there is no competition for their services. They have added a new kind of service known as the Merchant Center. This service informs their clients about the different types of transactions that are taking place with them.
Square is a small business-friendly and also the tiny card reader which makes it easy to accept credit card payments. They offer 2 new unique features called Square Capital and Square Trade. Square Capital allows you to receive business loans in just a day and can keep your business running financially. Square Trade is a feature of the service which allows you to get the money back for replacements and repairs to your card reader.
First Data has a great reputation for providing card services to small businesses. When you want to start over to build a better business if something happens to you. First Data is a great company to work with.
We created this post to help you make the right decision after comparing all the accounts offered by each company.
Features
The requirements associated with opening a merchant account depend on the type of business you have. For example, a small electronics business won’t need as much financial backing as a wholesale distributor. So what are the features of a top-notch merchant account? Here’s a brief overview of some of the most common characteristics.
Accept and Charge Credit Cards
The ideal merchant account will allow you to accept credit card payments and process credit cards for refunds. A merchant account‘s ability to process and maintain credit cards is essential in order to develop long-tern relationships with your customers.
Accept Debit Cards
The type of business you have will determine the type of debit card you’ll need when establishing a merchant account. Some businesses issue their own debit cards and process their own transactions, making a separate merchant account unnecessary, while others can utilize a debit card issued by the merchant account provider. This is also called a co-branded debit card.
Get Approval for Quick Processing
The amount of business you’ll need to process through the merchant account will significantly influence the provider’s approval process. You’ll want to engage with a merchant account that accepts large purchases in a speedy manner.
Wave
Total checkout fees for customers will be kept low for you and your customers.
Wave Pay offers different prices depending on your volume.
Default rate – Group A
Wave Pay offers an all-in price for all customers using Wave Pay.
Customers have the option to choose Wave Pay or another platform.
With Wave Pay, paying by credit card is completely FREE.
Customers receive their merchandise within two hours.
Free to use Wave Pay’s system for both small and large merchants.
All-in processing fee at 1.9% and FREE for all retail customers … no matter the purchase volume.
Wave Pay offers different prices depending on your volume.
All-in price for all customers regardless of volume … no need to change your rates, interface, or markup.
¦ and the only one that takes the most pain out of our checkout commission.
Wave Pay’s price-only model ¦ off sets credit cards fees ¦ and keeps merchants focused on their business.
With Wave Pay, Wave Pay uses different prices based on your volume ….
¦ and keeps your consumers focused on their shopping experience.
PROS
There are many reasons why you might want to open a merchant account for your small business. One of the most important ones is that it’s the only way to accept credit cards online.
About 1 in 4 adults in the U.S. has a credit card. If you want your customers to be able to use a credit card online, this is a major selling point.
Most companies don’t start selling online until they’re at least 3 years old. Once your company’s goals have been set, finding a merchant account becomes a priority. Because if you don’t set up a merchant account before you launch, you’ll have to wait until you have a customer base before you can accept credit cards. This wastes valuable time and resources.
CONS
Retailers considering a full-service e-commerce offering may want to consider offering wholesale to brick-and-mortar retailers or sell online on behalf of retailers. You can customize the checkout process and user experience to comply with local laws in your region. You can also introduce physical locations to your brand, which could be a new draw for your brand.
The drawback to this strategy is that it takes some time up front to build the site, provide logistics and fulfillment, and establish partnerships with retailers. It also requires someone with expertise in e-commerce to administer the site and make sure everything stays up and running.
If you already have a brick-and-mortar business, you could also sell products in your existing store and find opportunities to co-market online. If you don’t currently have a brick-and-mortar location, partnering with a location or hiring a site administrator to manage a social media and e-commerce presence as an employee may be worth the time and money.
- MINDSHARE
MINDSHARE’s Market Intelligence Reports provide retailers with comprehensive information about the consumer and retail industry.
By submitting a business category, processing company, and territory, Market Intelligence Reports provide comprehensive retail information to help you make smarter business decisions.
Pricing
We all know that to do business, a lot of money is required. As a small business, you need a credit card processing company that offers you the best prices. We have created this list of top 5 merchant account providers that will make your business more successful. Do your research before deciding upon a Merchant Seller or the service provider.
Global Payment Systems is a Merchant Services Company that offers the best rates and lowest fees. Their prices are so low that there is no competition for their services. They have added a new kind of service known as the Merchant Center. This service informs their clients about the different types of transactions that are taking place with them.
Square is a small business-friendly and also the tiny card reader which makes it easy to accept credit card payments. They offer 2 new unique features called Square Capital and Square Trade. Square Capital allows you to receive business loans in just a day and can keep your business running financially. Square Trade is a feature of the service which allows you to get the money back for replacements and repairs to your card reader.
First Data has a great reputation for providing card services to small businesses. When you want to start over to build a better business if something happens to you. First Data is a great company to work with.
We created this post to help you make the right decision after comparing all the accounts offered by each company.
Features
The requirements associated with opening a merchant account depend on the type of business you have. For example, a small electronics business won’t need as much financial backing as a wholesale distributor. So what are the features of a top-notch merchant account? Here’s a brief overview of some of the most common characteristics.
Accept and Charge Credit Cards
The ideal merchant account will allow you to accept credit card payments and process credit cards for refunds. A merchant account‘s ability to process and maintain credit cards is essential in order to develop long-tern relationships with your customers.
Accept Debit Cards
The type of business you have will determine the type of debit card you’ll need when establishing a merchant account. Some businesses issue their own debit cards and process their own transactions, making a separate merchant account unnecessary, while others can utilize a debit card issued by the merchant account provider. This is also called a co-branded debit card.
Get Approval for Quick Processing
The amount of business you’ll need to process through the merchant account will significantly influence the provider’s approval process. You’ll want to engage with a merchant account that accepts large purchases in a speedy manner.
Bottom Line
Know what type of merchant accounts you need and if you need one or two specific types of accounts, such as a money processor or EFT processor. The first thing to do is determine how hard you work for your business.
Small business owners have a lot of pressures on them. You obviously spend your normal work day marketing, and you run the business as you do in your normal work world. You do this and you handle your personal matters between your business work, assuming of course that you can pull this off. Now, add to this the fact that you are the sole-proprietor. You do all the work; you net the profit.
If you are a sole-proprietor, you have to be self-employed, and you have to be an accountant that is also a business owner. You have to be a full-time bookkeeper, because you or nobody else is going to pay the bills, remember the sales, bills, and inventory. You have to read printing off the invoice and check the numbers to make sure they match your numbers, and the only way to make the numbers match is to write them down. You have to write them down every day, or else. You have to do it before you can see the evening news.