Top 5 Ecommerce Merchant Accounts for Your Online Shop

Wednesday, June 22nd, 2022

Taking your business online is a great option, especially in our world today. It gives your customers another place to find and interact with you. It gives you a massive new audience to reach and turn into loyal customers. It gives you an invaluable opportunity to find out what your audience is really looking for and how you can best meet those needs.

Of course, to make this move successful, you’ll need the best resources and tools available. You’ll need assistance with the entire setup, and you’ll need to do your research to ensure you’re partnering with the right company. One of the most important of these decisions is which payment processor you will use for your online-based business.

The following list includes some of the top eCommerce merchant account providers today. Use this information to easily compare requirements, fees, contracts, solutions, features, and more to ensure you choose the right processor for your business.

Centurion Payment Services

Founded in 2012, Centurion Payment Services is a merchant account provider that services both low and high-risk merchants. Some of its many features include an online payment gateway, virtual terminal, and EMV-compliant processing equipment that allows for face-to-face transactions. The company is known for being very transparent with its pricing structure and offers round-the-clock customer support.

Payment Depot

A payment depot is known for being a good option for “standard-risk” merchants. Those that choose this provider gain access to Clover POS products, a virtual terminal, mobile phone processing, chargeback tracking, and an Authorize.net payment gateway. Advantages of Payment Depot include its fixed monthly fee without any markup, equipment at a “one-time” price, and the benefit of “next day funding”.

Payline Data

Continuously rated one of the leading merchant account providers, Payline Data is equipped to service a very wide range of businesses. They are also known to work with those in high-risk industries. Retail credit card terminals, mobile phone credit card processing, QuickBooks integration, and an online payment gateway are just a few of the features it offers merchants. Payline Data is a great solution for companies of any size. 

Fattmerchant 

For many years, Fattmerchant has led the industry in providing flat-rate, subscription-type pricing and great customer service. In fact, it is often recommended as an alternative to Stripe, due to poor customer service and fund holds. This provider also offers EMV-compatible countertop terminals, virtual terminals, online payment gateways, and online shopping carts.

Verifone

One of the most experienced providers, Verifone was established in 1981 and services in over 150 countries. They also process all major payment methods and allow merchants to create customer loyalty programs, mobile vouchers, and gift cards. Other offerings include payment gateways, virtual terminals, and online reports.

All in all, the key is to do your research. Compare the providers above, find ones that specialize in working with your industry, and listen to your customers. With the right provider and the best eCommerce merchant account, your business can remain competitive, build a loyal base of customers, and fuel future growth.