What are credit card processing services?


Quick Answer

Stripe, PayPal, and Square are common credit card processing services, notes Business News Daily. These solutions offer the ability to accept payments through a website or mobile device.

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Full Answer

Stripe offers the ability to accept credit card payments without a merchant account, reports Business News Daily. This feature allows users to sign up and begin accepting credit card payments instantly. The simple checkout option is available, and users can also integrate the API into their software. Stripe also offers custom solutions based on a user's specific business model.

PayPal offers credit card processing with features such as POS System, credit extension to customers, a rewards business MasterCard program and phone support, notes Business News Daily. Users can create an account with no set-up or termination fees, states the PayPal website. The two plans to accept credit cards are PayPal Payments Standard and PayPal Payments Pro.

Finally, Square offers the ability to attach a hardware piece to a mobile device and begin accepting credit card payments immediately, notes Business News Daily. The solution is available for iOS and Android devices. There is a fee to accept Visa, Mastercard, Discover and American Express, lists the Square website. A support team can assist with any questions through email or phone.

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