Square Best Alternatives for Credit Card Processing [2022 Edition]

Top Pick 2022
9.8
Outstanding
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6045 user reviews on 3 sites

Leaders Best Features:

  • Free Card Reader & Same Day Approvals

 

  • Transparent pricing with low rates
  • No upfront cost
  • Secured & robust credit card processing
  • 24/7 Customer Support 
9.8
Outstanding

6045 user reviews on 3 sites
  • retail
    Retail
  • restaurant icon
    Restaurants
  • relevant for quick service
    Quick Service
  • ecommerce icon
    eCommerce
  • Terminals
  • Same Day Approval
  • Chat Support
  • 24/7 Support
  • mobile payment
    EMV Reader
  • Mobile Payments

More top features:

  • EMV, NFC, swiped, PIN-based, credit and debit card transactions
  • Full support and integration with Samsung Pay, Apple Pay and Android Pay
  • Same day approvals
  • Multiple payment methods
  • All year round customer support 24/7/365

Value added services:

  • Merchant cash advances for new businesses
  • Business loans with low rates 
  • Direct deposits to employees
  • Take orders from smartphones
  • Reporting tools to monitor account activity
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“Leaders Merchant Services is an excellent option for both new merchants and those transferring from another provider, because they offer a great combination of affordable rates, smart processing solutions, and quality service.“ (Credit card processing 101)

9.5
Outstanding

3978 user reviews on 2 sites

Stax Payments Best Features:

  • Trusted by over 25k merchants nationwide
  • Save an Average of 40% on Fees
  • Free Equipment Programs
9.5
Outstanding

3978 user reviews on 2 sites
  • Terminals
  • mobile payment
    EMV Reader
  • ecommerce icon
    eCommerce
  • Mobile Payments
  • ecommerce icon
    Online Setup
  • Same Day Approval

More key features:

  • Transparent, straight-forward pricing
  • No long-term contracts or cancellation fees
  • No set-up fees or application costs
  • Free terminal placement programs
  • Dedicated customer support
  • “A” rating from Better Business Bureau

Users testimonials:

  • The attention and trust was beyond anything I expected
  • I am very satisfied with the pricing and customer service at Stax and will recommend them to others! 
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“For those seeking reasonably priced payment processing that integrates with all aspects of their business, while providing easy access to reports and analytics, Stax is a great choice. One login will give you access to data and reports from any device at any time or place. Real time reporting, through Omni’s company overview report, give insight into how your business is running and allows you to make the best strategic decisions.”

9.2
Outstanding

3757 user reviews on 2 sites

Luminous Best Features:

  • Eliminates credit card processing fees
  • Best for large processing merchants
  • No Cancellation fees
9.2
Outstanding

3757 user reviews on 2 sites
  • 24/7 Claims Hotline
  • retail
    Retail
  • restaurant icon
    Restaurants
  • Mobile Payments
  • mobile payment
    EMV Reader

More Features:

  • $1000 meet or beat rates
  • Transparent interchange-plus pricing
  • No early termination fee
  • No setup or application fees
  • No monthly minimums
  • Great customer support

Expert Review:

  • Luminous Payments is one of the best merchant services companies and a great new addition to the list. They have good track recorded and their customers highly recommend them. One top of the low rates and no commitment terms they customer services is one of the best.
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  • We have have switched our Church to this Merchant Provider and have found their fees, service and courtesy to be exemplary at every level.

Clyde Washburn

9.0
Excellent

3728 user reviews on 3 sites

Flagship Best Features:

  • Free Setup & No Upfront Costs

 

  • Same Day Funding Option
  • EMV and NFC compliant terminals
  • Extensive range of POS & hardware options
9
Excellent

3728 user reviews on 3 sites
  • retail
    Retail
  • restaurant icon
    Restaurants
  • relevant for quick service
    Quick Service
  • ecommerce icon
    eCommerce
  • Mobile Payments
  • mobile payment
    EMV Reader
  • multi site icon
    Fast processing time
  • 24/7 Support
  • Chat Support
  • Terminals

More top features:

  • Accept in-store, mobile, or online payments
  • Meet or beat rates – or get 200$ gift card
  • Same day funding, cash advance
  • Gift cards and loyalty program for customers
  • Extensive range of hardware options
  • “A+” rating from Better Business Bureau

Users testimonials:

  • I would like to thank Flagship for the high level of service while setting up my account.
  • My sales rep was extremely helpful and friendly.
  • Your staff was excellent in every way.
  • This industry can be super confusing and hard to understand. I am very happy with my decision to change to Flagship Merchant Services…
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“They provide businesses with the tools they need to accept credit card payments at any point of sale, and they offer some of the best POS terminals on the market.” (Fundera)

8.6
Very Good

1457 user reviews on 2 sites

Payment Depot Best Features:

  • Great Hardware Offers 
  • Fast Response Time & Customer Support 
  • Offers Virtual Terminal & POS Systems
8.6
Very Good

1457 user reviews on 2 sites
  • Customizable plans
  • 24/7 Claims Hotline
  • Easy SetUp
  • Mobile Payments
  • restaurant icon
    Restaurants

More Features:

  • No Contracts
  • No Early Termination Fee
  • Cash Discount Program
  • Customer Support
  • Dedicated Account Manager
  • Next Day Funding
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“Payment Depot is one of the best merchant services companies and a great new addition to the list. They have good track recorded and their customers highly recommend them. One top of the low rates and no commitment terms they customer services is one of the best.”

8.4
Good

1054 user reviews on 2 sites

CardX Best Features:

  • Customer transparency
  • Accept payments on your Site & In store
  • Easy setup
8.4
Good

1054 user reviews on 2 sites
  • ecommerce icon
    eCommerce
  • ecommerce icon
    Online Setup
  • Terminals
  • Easy SetUp

More key features:

  • 0% Credit Card Processing

  • 100% compliance 

  • Customer transparency 

  • Accept payments on your website, over the phone, or in person



Before we learned about CardX, we were reluctant to accept cards due to the high cost. With CardX, customers simply use a credit card and I get the full sale amount deposited to my account the next day.

8.2
Good

2217 user reviews on 3 sites

Square Best Features:

  • Fits low-volume merchants
  • Cons: high percentage of rejections
  • Cons: high processing rates
8.2
Good

2217 user reviews on 3 sites
  • retail
    Retail
  • restaurant icon
    Restaurants
  • relevant for quick service
    Quick Service
  • pos software
    iPad / tablet POS
  • Bars
  • mobile payment
    EMV Reader

More key features:

  • All-in-one, intuitive solution
  • Integrated online and offline payments
  • Free magstripe reader
  • No setup, reporting or chargeback fees
  • End-to-end encryption

Users testimonials:

“With Square Payments Processing, I found my self creating transactions with ease, comfort and grace. The platform with SQUARE is wonderful.”

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“Intuitive and straightforward experience… flatter price structure and custom pricing for merchants that do annual sales of up to $50,000. The service can work for one-time pop-up stores known as micro businesses as well as more establishment sellers and high-volume merchants.” (PC Mag)

8.0
Fair
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912 user reviews on 3 sites

CCP.Com Best Features:

  • SMBs looking for value
  • Simple flat pricing
  • Business Membership Perks
8
Fair

912 user reviews on 3 sites
  • retail
    Retail
  • Terminals
  • mobile payment
    EMV Reader
  • relevant for quick service
    Quick Service
  • restaurant icon
    Restaurants

More key features:

  • 24/7 toll free tech support
  • Flat rate pricing
  • Express Funding

Users testimonials:

  • We switched to Creditcardprocessing.com 3 months ago, and it was the best thing we ever did for our company. 
  • By far the best credit card processing company.
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CreditCardProcessing.com offers the newest and boldest approach to payment processing we see in the market today. Now offering a business membership approach, business owners can access interchange plus one low cost per transaction on all their payment processing needs for one monthly cost. This is one of the most innovative and disruptive approaches to the traditional pricing model we’ve ever seen.

FAQ

  • What are Square Credit Card Rates?

    Square charges according to payment type and depending on whether you use Square Register of Square Terminals. Processing fees are deducted from each transaction and the balance is deposited into your linked bank account. Here are the rates charged according to the payment types. Square’s fees apply to all business types, including non-profit organizations.

  • How much does square charge per transaction?

    The average charges on square are 2.75% for swiped transactions and 3.5% +15c for manually entered transactions. There is a slight difference in the fees if you use Square Register or Square Terminal.

  • Does square hold funds?

    Usually Square deposits within 1 – 2 business days. To receive instant deposits into your account you will have to link a verified bank account and a supported debit card to your Square account. Visa or MasterCard debit cards issued outside the US are not supported. Funds are only withheld if there is a dispute or if your bank account is not verified.

  • Can I use Square without a business?

    If you have the Square credit card reader you can receive credit card payments for personal transactions as long as you agree to their terms and conditions. Anyone can set up an account and receive payments on a personal level. The credit card reader is connected to your smartphone or tablet and you can receive any amount no matter how small.

  • What exactly does Square offer?

    Aside from the payment processing, which is handled through their software, you have the added ability to import hundreds of products through their CSV spreadsheets. The Square Dashboard and the Point of Sales app give you the ability to manage quantities and prices easily. Barcode scanning is also possible and taxes can also be set to be added automatically.

  • Square Point of Sale software

    Square POS is an advanced mobile payment processing system that is better than many competitors available in the market today. The combination of its back end features coupled with a strong payment processing system make for a great package. The Square cash register is very easy to use and has many features that you can program. This could be discounts, records of cash and card transactions, receipt printing on iPads and much more.

  • What are your hardware requirements when using Square?

    If you’re planning on using your Square Register with an Apple device you will need IOS 8 or a later version. Square is compatible for use with iPad, iPhone and iPod touch although a variety of features are available exclusively on the iPad. Android users require 4 or higher with GPS and Google Play enabled. You can purchase additional hardware separately from Square online.

  • Which businesses are not accepted on Square?

    All transactions are monitored on the platform and action will be taken in the event that the terms of sale are violated. If you fall into this category you will be informed via email that your account has been frozen and you will not be able to take any more payments. You will need to supply documentation proving that your transactions are legal and conform to the terms and conditions set out in your original agreement with Square.

    Businesses that would be suspended or not accepted are those that sell illegal products or services that do not comply with state or federal law. Age restricted products like cigarettes need a card to be present for the transaction to proceed. Selling age-restricted products over the phone, mail order or the internet is prohibited. All transactions have to be linked to bonafide sales and you might be requested to produce invoices. Square is designed for the sale of goods and services only.

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