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Top Rated Merchant Services Providers for Small Businesses

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Any small business needs the ability to take payments from its customers. For most small businesses, this will be in the form of debit and credit cards whether through point-of-sale (POS) systems or using online checkout services. This is where merchant services providers like First Data come in.

The best merchant services providers for small businesses share critical features, such as:

• Multiple Card support - Support for VISA, MasterCard, American Express debit and credit cards, as well as other card types
• Short Settlement Time - Especially for smaller businesses, getting payments deposited in your account soon after the customer pays will ease cash flow challenges
• Clear Pricing Policy - You'll want a merchant service provider with a transparent pricing policy. Providers that charge opaque fees can cost you money unexpectedly.

Below, we review some of the options available to you if you are on the hunt for a merchant services provider for your small business.

First Data Merchant Services

Founded in 1971, First Data is a merchant services provider with a unique focus on serving businesses from small all the way to larger enterprises. One reason you will want to go with a dedicated merchant services provider like First Data is that merchant services fees will typically be lower than those charged by banks. First Data will help your small business accept all kinds of payment types, from debit cards to credit cards and e-commerce tools.

Among the positives in customer reviews, First Data is noted for very fast card processing and transaction approval. This is a key factor to take into account because slow card processing can create bottlenecks in your shop or even online.

American Express Merchant Services

American Express offers merchant services to help your business accept American Express cards and accomplish other important financial processing. The company boasts a low amount of chargebacks and other e-commerce hiccups for its cards. This, and the fact that it has a deeply committed network of card users, makes Amex merchant services a must. The company's OptBlue program makes it cheaper for merchants to accept American Express cards. In addition, payment processing companies like Global Payments, PayPal, and others, make it easy to seamlessly accept American Express cards alongside other options.

Chase Merchant Services

One of the bank-supported merchant services providers, Chase Merchant Services was previously known as Chase Paymentech. Behind the company is JPMorgan Chase, one of the country's largest banks.

Chase Merchant Services provides solutions to help businesses of all sizes accept payment via credit cards, debit cards as well as online payment gateways. The company is able to serve larger payment volumes very efficiently and has low costs for the capabilities it offers your business.

As a small business, going with Chase Merchant Services helps you access high service levels that would suit even a large business at low prices. You get to plug into a payments juggernaut and only choose what your small business needs. In addition, the company has specialized products for specific industry types such as travel, restaurant, and others.

BluePay

A People's Choice Award winner, BluePay is among the leading merchant services providers in the country. The company's expertise includes providing merchant services for B2B businesses, retailers, restaurants, online, and other business types.

The main advantage of selecting BluePay is the vast array of payment processing solutions the company has got under one roof. Everything from debit card processing to virtual terminals and mobile payments is available. All this is available at reasonable prices that compare very well to the rest of the industry.

Heartland Payment Systems

With an A+ rating from the Better Business Bureau, Heartland is a highly-reputed provider of merchant services. There are many advantages to handling your business with Heartland's merchant services. First, it guarantees that you will receive the funds from all card transactions within one day. This helps you move ahead with your operations smoothly. In addition, Heartland goes to great lengths to make pricing and other data easy to review. Its real-time reporting access will let you view all aspects of your merchant account at any time. This helps you stay on top of events in and around your small business.

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