Hey all! Curious- For your business, how did you go about picking a payment processor for taking payments?


What ended up being the deciding factor?

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Most business owners I work with will use stripe, square, paypal or venmo. Giving the consumers more options tends to make receiving payments easier. Many of my clients utilize a business software with integrations with these credit card processing companies 

keep in mind that if you use companies like square, you don’t actually have a merchant account. You are part of a purchasing pool. If you ever have a charge back or other issues it can be a lot more difficult to get your funds back. Go with a company that is transparent and gives you a merchant account. I don’t work in the space but have had a lot of experience. And I have good contacts 

I use whatever the integration for the sites that I use. For example, for my Etsy stores, I use Paypal and for my websites, I use Paypal, Stripe, Square and Shift4 credit card payment merchant services.

We look at processing fees, funding speed and whether they can integrate with our POS.  We also like to know who the back end processor actually is