Compare all credit card processors at once
This is a basic review of available payment processors for web based businesses including a comparison of some of the most popular credit card processors enabling you to accept credit cards online today.
Overview
compare 3rd party credit card processors
Who accepts which credit card?
What should I consider before I sign up with a credit card processor?
Miscelaneous notes on particular 3rd party processors
Merchant accounts
The traditional method of accepting credit cards requires applying to a bank for a merchant account, these accounts usually require weeks to get up and running and require fees of $500 or more just to apply.
Most banks have a relationship with only one credit card so once you are approved for Visa, for example, you will have to apply again, often to another bank, for a MasterCard account and so on.
So why do people apply for merchant accounts? The main benefit is that your business will get a low discount rate, typically around 3%. The discount rate is the percentage of each sale that the credit card processor charges you.
Third party processors
The credit card processors listed in the table below are known as 3rd party processors. They have traditional merchant accounts and process your customers’ payments through them. As they are accepting the risks that traditional banks might not, they will charge you more for the privilege of accepting credit cards via their service
Online credit card processors comparison table*
Processor |
Setup |
Monthly |
Percent |
Transaction |
Dloads |
Ebay |
Adult |
Checks |
Subs |
Phone |
Min |
Foreign |
Payment |
Setup |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2Checkout | $49 | 0 | 5.5% | $0.45 |  |
|
 |
|
|
0 | |
ACH | 1-12 hrs | |
| MerchantPlus | free | $19.95 | 2.15% | $0.25 | |
|
|
|
0 | |
ACH | 24-72 hrs | ||
| Authorizeit | $49 | $29.99 | 2.19% | $0.50 | |
|
$900 | US,CAN | 24-72 hrs | |||||
| Cardservice | $49 | $29.99 | $0.30 | |
|
|
|
$25 | |
ACH | 24-72 hrs | |||
| ccbill | free | 0 | 14.5% | $0.30 – $1 | ONLY | |
|
* |
0 | CHECK | 24-48 hrs | |||
| ccnow | $9.95 | $9.95 | 4.99% | $0.50 | |
|
|
$100 | |
ACH, CHK, W | ||||
| Charge | FREE | – | 2.25% | $0.25 | |
|
|
|
0 | ACH | same day | |||
| Chase Paymentech™ | free | $22.95 | CALL | $0.20 | |
* |
|
|
|
|
* |
ACH | 24- 72 hrs* | |
| Digibuy | $29.99 | 0 | 13.9% | $0 | ONLY | |
|
|
|
|
|
ACH, CHECK | same day | |
| GoogleCheckout | free* | 0 | 2%* | $0.20* | |
|
|
|
|
|
0 | |
ACH to US | varies |
| Kagi | free | 0 | 2.5% | $.15 – $5 | |
|
|
0 | |
CHECK or WIRE | 1hour plus | |||
| NOCHEX | $90 | 0 | 2.9% | $0.40 | |
|
|
0 | |
|||||
| PayPal | free | 0 | 2.9% | $0.30 | |
|
|
|
|
|
0 | |
ACH | same day |
| Propay | free | $4.99 | 3.25% | $.65 | |
|
|
0 | |
ACH | ||||
| World Pay | quote | quote | quote | |
|
|
0 | * |
7-10 days |
*Hover your mouse over bold table headings and figures above for definitions and more details .
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