TimeSolv
Payment Processor- Pricing clarity
- 2.0
- Feature set
- 5.0
- Ease of use
- 4.0
★ 3.8 trustpilotRead review →
Payment Processor Reviews
In-depth reviews and analysis of payment processing companies. Our comprehensive reviews cover pricing, customer service, features, and real user experiences to help you make informed decisions.
38 reviews
B+
Durango Merchant Services
Payment ProcessorDurango is a veteran, boutique high-risk payment processing specialist that serves as a trusted lifeline for businesses rejected by mainstream processors, but lacks enough reviews to make a confident assessment on the quality of the services.
Payout
Typically 2–3 business days
★ 4.7 googleRead review →
Nuvei
Payment ProcessorNuvei is a Montreal-based global payment technology company founded in 2003 that offers 700+ payment methods across 200+ markets and deep vertical expertise in iGaming, fintech, and high-risk sectors — but carries meaningful risks around contract terms, pricing transparency, and customer support quality.
Payout
2 - 7 day depending on market and agreement
★ 1 bbbRead review →
Checkout.com
Payment Processor- Pricing clarity
- 1.0
- Feature set
- 5.0
- Ease of use
- 3.0
★ 4.6 trustpilotRead review →
Lightspeed
POS SystemLightspeed Commerce is a global cloud-based POS and commerce platform that provides retail, restaurant, and ecommerce businesses with integrated payments, inventory management, analytics, and omnichannel selling tools.
- Pricing clarity
- 3.0
- Feature set
- 5.0
- Ease of use
- 4.0
★ 4.2 trustpilotRead review →
PayKings
High-Risk SpecialistClaimedPayKings is a specialized payment processor offering tailored solutions for high-risk industries with a strong emphasis on fraud prevention.
Online rate
Interchange + 0.80% - 1.10% + $0.10 - $0.25 per transaction
★ 4.7 googleRead review →
Shift4
Payment ProcessorShift4 Payments is a full-service payment processor and POS provider specializing in integrated commerce solutions for restaurants, hospitality, retail, and enterprise merchants.
Online rate
2.7% – 3.5% + $0.10 – $0.30 per transaction
Payout
1 – 2 business days
★ 4.6 trustpilotRead review →
Moneris
Payment ProcessorMoneris is Canada’s largest payment processor, providing point-of-sale systems, ecommerce payment gateways, and mobile payment solutions for businesses across Canada through a joint venture owned by Royal Bank of Canada and Bank of Montreal.
Online rate
2.4% to 3.5% + per transaction fee
Payout
typically 1 to 2 business days
★ 4.2 trustpilotRead review →
Bank of America Merchant Services
Payment ProcessorBank of America Merchant Services is a large, bank-integrated payment processing solution ideal for existing BofA business checking customers who value brand stability, seamless funding, and broad payment acceptance though it lags behind fintech competitors on pricing transparency, modern integrations, and third-party review scores.
Online rate
2.99% + .30
Payout
Next-day funding is available to all merchants (since all merchants must have a Bank of America checking account)
★ 1.14 bbbRead review →
Wells Fargo Merchant Services
Payment ProcessorWells Fargo Merchant Services is a division of one of the largest U.S. banks, offering credit and debit card processing, Clover POS systems, and e-commerce solutions to small and medium-sized businesses.
Online rate
3.50% + $0.15
Payout
1 - 3 business days
★ 1.09 bbbRead review →
Chase Payment Solutions and Merchant Services
Payment ProcessorChase Payment Solutions is the merchant services arm of the #1 US bank, offering small and mid-sized businesses a deeply integrated combination of payment processing, same-day deposits, and banking tools. They're backed by the trust and scale of JPMorgan Chase but with flat-rate fees that may not suit high-volume merchants.
Online rate
2.9% + $0.25 per transaction
Payout
Next-day deposit (1 business day) for non-Chase bank accounts
★ 3.7 trustpilotRead review →
Toast POS
Payment ProcessorToast POS is the leading all-in-one cloud-based restaurant management platform, purpose-built for the food service industry with deep features for ordering, payments, payroll, and analytics, but comes with restrictive multi-year contracts, mandatory payment processor lock-in, and a history of transparency controversies.
Online rate
3.50% + $0.15 (Visa/MC/Discover); 3.89% + $0.15 (Amex)
Payout
1–2 business days
★ 1.29 bbbRead review →
WooPayments (Automattic)
Payment ProcessorWooPayments is the official, Stripe-powered payment solution built exclusively for WooCommerce stores, offering no monthly fees and deep dashboard integration, but plagued by account suspension issues and inconsistent customer support that undermine trust for serious merchants.
Online rate
2.9% + $0.30
Payout
2 business days after pending period clears
★ 1 bbbRead review →
Fiserv (Carat)
Payment ProcessorCarat from Fiserv is an enterprise-grade global commerce platform that orchestrates omnichannel payments, data intelligence, and customer experience solutions for the world's largest businesses, but hampered by opaque pricing, complex contracting, and a widespread customer service reputation that does not match its technological ambitions.
Payout
Typically next business day for enterprise clients; varies by contract
★ 1.01 bbbRead review →
Elavon
Payment ProcessorElavon is one of the world's largest payment processors, serving over 2 million merchant locations across 36 countries offering a comprehensive suite of enterprise payment solutions, but widely criticized by small and mid-size merchants.
Online rate
Not publicly disclosed; quote-based
Payout
Typically 1–2 business days; expedited funding options available including same-day and weekend/holiday funding
★ 1.18 bbbRead review →
Global Payments
Payment ProcessorGlobal Payments Inc. is a Fortune 500 payments technology behemoth, processing trillions of dollars annually across 38 countries, offering massive scale and enterprise capabilities, but consistently criticized by small and mid-size merchants for opaque pricing, hidden fees, rigid contracts, poor customer support, and a significant history of legal actions.
Payout
Typically next business day; varies by contract
★ 1.02 bbbRead review →
Helcim
Payment ProcessorHelcim is a Calgary-based payment processing company that offers genuinely transparent interchange-plus pricing with no monthly fees, no hidden charges, and a comprehensive suite of free payment tools.
Online rate
Interchange + 0.5% + $0.25 per transaction
Payout
Two business days
★ 3.17 bbbRead review →
Payment Depot
Payment ProcessorPayment Depot, now operating as "Payment Depot by Stax," is a California-based merchant services provider founded in 2013 that pioneered the subscription/interchange-plus pricing model for small businesses, but has experienced significant customer service and transparency issues since its 2021 acquisition by Stax.
Online rate
0.2% – 1.95% above interchange
Payout
Next-day funding
★ 1 bbbRead review →
Stax
Payment ProcessorStax is a payments technology company founded in 2014 that partners with SaaS companies, ISOs, and SMBs to enable flexible, multi-channel payment processing and invoicing solutions, claiming a distinctive subscription-based pricing model with 0% interchange markup.
Online rate
$0.15 per transaction (flat, no % markup)
Payout
Next business day funding
★ 1 bbbRead review →
CARDZ3N
Payment ProcessorCARDZ3N is a global payment processing platform that supports multi-channel payments, including credit cards, ACH, crypto, and BNPL, tailored to both standard and high-risk merchants.
- Pricing clarity
- 2.0
- Feature set
- 4.0
- Ease of use
- 4.0
★ 5 googleRead review →
High Risk Pay
Payment ProcessorHigh Risk Pay is a merchant account provider specializing in high-risk merchant services and payment processing solutions including credit card and ACH acceptance for businesses that struggle with traditional payment processors.
Online rate
Starting around 2.19% + $0.25 for good-credit merchant accounts
★ 4.7 trustpilotRead review →
Paysafe
Payment ProcessorPaysafe is a global payments technology platform that provides merchants and consumers with payment processing, digital wallet services, alternative payment methods, and secure transaction infrastructure.
Online rate
Reviews mention a range from 1.00% - 4.99%
★ 1.02 bbbRead review →
EBizCharge
Payment ProcessorEBizCharge is an embedded payment gateway and integrated merchant services platform that simplifies credit card, debit card, and ACH payment processing directly inside accounting, ERP, CRM, and ecommerce systems.
- Pricing clarity
- 3.0
- Feature set
- 5.0
- Ease of use
- 3.0
★ 4.18 bbbRead review →
Akurateco
Payment GatewayAkurateco is a white-label PCI DSS-compliant payment orchestration platform that enables businesses and PSPs to deploy advanced payment infrastructure and unify multiple payment methods globally.
- Pricing clarity
- 2.0
- Feature set
- 5.0
- Ease of use
- 4.0
★ 4.3 trustpilotRead review →
Maverick Payments
ISOMaverick Payments is a long-established payment processing provider offering a comprehensive suite of payment solutions for merchants, partners, and developers, though its reputation is mixed due to varied customer experiences.
Online rate
Typically 2.9% – 4.9% + $0.30, depending on risk and volume.
★ 1.36 bbbRead review →
Corepay
Payment ProcessorCorepay is a payment processor that specializes in tailored merchant accounts for high-risk industries with global service and a focus on customer support.
Payout
1 - 5 days
★ 4.4 trustpilotRead review →
Payoneer
Payment ProcessorPayoneer is a global fintech platform that enables businesses, freelancers, and marketplaces to send and receive cross-border payments, manage multi-currency funds, and scale internationally.
Online rate
2.9% + $0.30 fee for standard online credit card transactions
Payout
Depends on the receiving bank/country. Payoneer’s platform supports local bank withdrawal, so timing varies materially by country. (Their business description says they support global payout but does not guarantee a universal payout speed.)
★ 3.8 trustpilotRead review →
Shopify Payments
Payment ProcessorShopify Payments is Shopify’s native payments service that gives merchants one-click access to accepting cards and wallets inside Shopify, simplifying setup and eliminating third-party gateway fees for supported merchants.
Online rate
2.9% + $0.30 (Basic) down to ~2.4–2.5% + $0.30 on higher plans — rates are tiered by plan. (Shopify’s pricing page shows plan-based card rates.)
Payout
Varies by merchant risk profile and bank (typically 1 - 3 business days)
★ 1.01 bbbRead review →
Clover
POS SystemClover is a widely used, all-in-one POS platform (hardware + software + app marketplace) favored by small and medium retailers and restaurants and backed by Fiserv, offering broad functionality but with real-world variability in support and reseller pricing.
- Pricing clarity
- 3.0
- Feature set
- 5.0
- Ease of use
- 4.0
★ 1.01 bbbRead review →
Adyen
Payment ProcessorAdyen is a global, enterprise-grade payments platform that unifies acquiring, processing, routing and risk management into a single stack for merchants with international and omnichannel needs.
Payout
Commonly funds arrive to merchants in 1–2 business days depending on currency, bank, payout model and cut-off times
★ 1.3 trustpilotRead review →
PayPal
Payment ProcessorPayPal is a global, feature-rich digital payments platform (consumer wallet + merchant services) with extensive integrations and brand reach. It is trusted by many businesses but criticized in public reviews for dispute handling and account-hold practices.
Online rate
2.89% + $0.29 per transaction
Payout
Standard Bank Transfer: 1 - 3 Business days
★ 1.12 bbbRead review →
Braintree (PayPal Enterprise Payments)
Payment ProcessorBraintree is a full-featured, globally-capable payment gateway solution (online + mobile) backed by PayPal, offering robust APIs, developer tooling, and enterprise-class features for merchants. Primarily deals in mobile and web payment systems.
Online rate
2.59% + $0.49 per transaction
Payout
Most gateways/acquirers, settlement typically occurs after batch submission and depending on acquiring bank (often 1–2 business days for online payments)
★ 3.4 g2Read review →
Authorize.net
Payment ProcessorAuthorize.Net is a mature, Visa-owned payment gateway that offers robust, developer-friendly payment tools, strong fraud controls, and wide platform integrations. Pricing and merchant-account terms that vary depending on whether you use Authorize.Net’s all-in-one plan or attach your own processor.
Payout
Most merchants see funding within ~1–2 business days after settlement
★ 1.62 bbbRead review →
NMI (Network Merchants Inc)
Payment GatewayNMI (Network Merchants, Inc.) is a mature, ISO/ISV-focused embedded-payments gateway and enablement platform with broad developer tooling and enterprise integrations, but merchant experiences can vary depending on the partner/acquirer relationship.
Online rate
Not publicly disclosed - varies by processor/ISO
Payout
commonly 1–2 business days for standard ACH/card settlements
★ 1 bbbRead review →
Zen Payments
Payment ProcessorZen Payments is known for quick setup of merchant accounts and accepting businesses that mainstream providers turn away. Businesses should familiarize themselves with the terms of their contract to avoid disruptions.
Online rate
2.9% + .10
★ 4.8 trustpilotRead review →
Payment Cloud
Agent / ResellerPaymentCloud is a highly-rated merchant services agent specializing in high-risk payment processing, known for its personalized support, broad integrations, and success in approving hard-to-place merchants, though its pricing is custom-quoted and merchants should be prepared for standard high-risk measures like reserves.
Online rate
Estimated: 2.5% – 3.5% + $0.20–$0.30 for low-risk e-commerce; 3.5% – 5.0% + $0.30 for high-risk e-commerce.
★ 3.46 bbbRead review →
Stripe
Payment ProcessorStripe is a leading payment processor known for its developer-friendly API, transparent pricing, and comprehensive suite of payment solutions for businesses of all sizes.
Online rate
2.9% + $0.30
Payout
First Payout takes 7 - 14 days / After that transaction + 2 business days (in many countries)
Expert grade ARead review →
Square
POS SystemSquare offers simple, transparent payment processing ideal for small businesses. Flat-rate pricing, no monthly fees, and excellent software make it a top choice — but account holds and limited support are key concerns.
Online rate
2.9% + $0.30
Payout
Next business day
★ 1.06 bbbRead review →
The Importance of Payment Processor Reviews
Choosing the right payment processor is one of the most important decisions for any business, whether you're a startup, an established retailer, or an online ecommerce brand. A payment processor determines how you accept payments, manage cash flow, and keep costs like processing fees, interchange fees, and card processing fees under control. That's why payment processor reviews and merchant processor reviews are valuable resources for comparing companies like PayKings, Zen Payments, Stax, Helcim, National Processing, Heartland Payments, Global Payments, Shift4, and Chase Payment Solutions.
Key Features to Evaluate in Merchant Services
As you're looking through reviews and comparing providers, don't only look at the price or percentage per transaction. Consider these factors as well:
- Merchant account setup – How easy is it to open a merchant account and link a bank account?
- POS and virtual terminal support – Do they offer modern point of sale (POS) systems, mobile payment options, or a virtual terminal for remote credit card processing?
- Payment card compatibility – Look for support for credit cards, debit cards, Apple Pay, Google Pay, Google Wallet, Mastercard, and even QR code payments (if you're looking to give your clientele more options).
- Accounting and finance tools – Many processors integrate with accounting software like Xero, Intuit, QuickBooks, or Salesforce for smoother bookkeeping, payroll, and tax management.
- Data security – Strong encryption, tokenization, and authentication ensure compliance with the Payment Card Industry Data Security Standard (PCI DSS).
Keep in Mind the Customer Experience and Usability of Payment Processors
Beyond functionality, the usability and interface of the system matters. Smooth shopping cart integration, compatibility with iOS and web browsers, and additional features like inventory management, printer support, and barcode scanning all improve workflow. Be sure to look for reviews that highlight whether these features are included with a specific payment processor and how well they work. Reliable customer support that quickly responds is critical when it comes to payment processing. Be sure to choose a payment processor with a solid reputation with good feedback about their customer support.