Business News Daily recommends Flagship Merchant Services as the best payment processor for small business, while it recommends Stripe as the best online credit card processor. Business News Daily recommends PayPal as the best low-volume processor and Square as the best mobile processor.
The Small Business Administration recommends paying more attention to fees rather than special services when choosing a payment processor. The SBA states that quick and easy turnkey processing can lead to higher rates and per transaction fees. It suggests conducting research and looking for processors specializing in small businesses to find low rates. The SBA encourages small businesses to consider low processing fees and building creditworthiness as the two primary factors when choosing a payment processor.