Comparison of Credit Card Processing Companies


We know that deciding on which of those credit card processing companies to choose can be a complete pain in the neck. That’s how we came up with a Google spreadsheet that lists for you the top options and compares the charge rate plus some of the key features.

There are some big picture decisions to make: Do you need recurring payments? Braintree could be a good option for this. Do you need a mobile device reader to physically swipe cards? Perhaps you might want to try Squareup. Or are you a developer and looking for a really easy way to integrate payments to your site? could be a fit. Paypal is also an easy option for many because there are a lot of people that have a Paypal account, and this can make it easier for those people to transact with you.

You also need to make the decision if you will go for the more traditional (and more difficult) route of getting a separate merchant account and payment gateway, or an easier method of getting an account which does it all for you.

If you would like to add other credit card payment processing options that you are aware of, just let us know so we can edit the sheet.



You can proceed to to the Google spreadsheet in this link:

Prepared by:

Rob Rawson is a co-founder of, a global recruitment platform where you can access very talented staff at affordable rates. They also have a technology called Time Doctor which is software to improve productivity and help keep track and know what your team is working on, even when working from home.

Rob resides in Sydney, Australia but can also be found in major cities around the globe, like Paris, Kiev or San Francisco.

Find Rob on Google Plus


  1. Brad Weimert says:

    Sorry – the previous post had a copy/paste error – it should have read
    “Any business model that ever gets chargebacks shouldn’t be using aggregators like PayPal, Stripe etc.”

  2. Brad Weimert says:

    Many of the options listed on the spreadsheet above are GREAT if you don’t do heavy volume, or simply need a quick fix – but it’s important to understand the risks involved with them as well.

    Here’s ere’s the big thing that eCommerce entrepreneurs need to know: PayPal, Square and stripe are merchant account aggregators.

    What that means: They don’t do any underwriting on the front end- so their only recourse if they get nervous is to freeze or close the account.

    Fast approvals = Fast account closures.

    It’s actually a great model for “lower risk” companies – but not good for eCommerce companies. The idea with aggregation is that they will approve near everyone and just bank on the idea that they’ll balance out the bad seeds with a heavy amount of good ones.
    From a sales perspective – it’s much easier to approve everything, get the business boarded and start making money – then close things if you run into trouble.
    The problem of course: it’s a very bad situation for the business owners.

    Any business model that ever gets chargebacks shouldn’t be using an aggregator like

    If you want to learn more about aggregation and merchant accounts here is a lot of the nitty gritty:

  3. Daniel Barnett says:

    Big callout here to Braintree payments, esp. if you’re outside of the USA. They saved us ~2% on fees and another .5% on foreign currency xchange rates… 2.5% starts to really add up as your revenue grows!

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