List of Merchant Processors

List of Merchant Processors 2024

Today we cannot imagine a world without credit card processors and the important role they play in enabling smooth transactions between businesses and their customers. These processors act as intermediaries ensuring the handling of credit card transactions and facilitating payment processing. In this article, we will explore the leading merchant processors and credit card processor companies in the United States for the year 2023. Our aim is to assist businesses in making informed decisions regarding their payment processing requirements.

Source Mordor Intelligence

List of Credit Card Processing Companies in 2023

most popular payment processing companies

Source: Forbes Advisor

Here is a comprehensive list of the credit card processor companies, in the USA, for 2023. There are many ISOs that are not listed here but they too play a crucial role.

WorldPay (FIS)
Vantiv (FIS)
TSYS (Global Payments)
Heartland (Global Payments)
Global Payments
ChasePayment Tech
Approval Payment Solutions
Merchant e-Solutions
Integrity Payment Systems
C&H Financial Services
Transfund Merchant Services
Commercial Bank of California
BB&T Merchant Services (Fiserv)
TD Bank (Fiserv)
BBVA Compass (Fiserv)
M&T Bank (Fiserv)
Santander Merchant Services (Fiserv)
PNC Merchant Services (Fiserv)
Retriever Medical Dental Payments

Merrick Bank
North American Bancard
Priority Payment Systems
EVO Payments International
Cayan (formally TSYS)
Global Payments
Mainstream Merchant Services
Complete Merchant Solutions
United Merchant Services
Newtek Merchant Solutions
Fulton Merchant Card Services
Security BankCard Center
BankCard Services
UMS Banking
NCMIC Finance Corporation
KeyBank (Fiserv)
First American Payment Systems
Commerce Bancshares
SunTrust Merchant Services (Fiserv)
Citizens Bank (FIS)
Intuit – Quickbooks (Owned by Fiserv)
Shift4 Payments

Gravity Payments
MLS Direct Network
Redwood Merchant Services
Electronic Payments
I3 Verticals
Paragon Payment Solutions
Electronic Merchant Systems
eVance Processing
First Hawaiian Bank
North American Payment Solutions
Bank of Hawaii
Apogee Payment Systems
Citi Merchant Services (Fiserv)
Bank of America Merchant Services (Fiserv)
Wells Fargo Merchant Services (Fiserv)
First Data (Fiserv)
Intrix Technology
Epicor Software
First Citizens Bank

Key Considerations for Selecting Merchant Processors or Credit Card Processor Company

Before delving into the list of the top and best merchant processor companies it’s important to understand the factors that businesses should take into account when choosing a credit card processor.

Transaction Fees and Pricing Structures

Transparent and competitive pricing is pivotal for businesses to maximize their revenue. It is crucial to comprehend transaction fees, interchange rates, and other associated costs related to credit card processing.

When assessing credit card processors, businesses should seek out a pricing structure that aligns with their transaction volume and requirements. The industry primarily offers two pricing models. They are flat-rate models and interchange plus pricing. Flat rate pricing involves a fixed percentage fee for all transactions, which simplifies the process but may not be cost-effective for businesses, with high transaction volumes.

Interchange plus pricing however separates the interchange fees determined by card networks from the markup applied by the processor. This approach enhances transparency making it beneficial, for businesses with a number of transactions as they can optimize their costs effectively.

Payment Processing Options

When it comes to payment processing options every business has different types of needs. Some may require online payment processing while others may prefer in-person or mobile solutions. An ideal credit card processor should be versatile enough to cater to all these options

As we move into the last part of 2023 there is an increasing demand for a range of payment processing options. The growth of eCommerce and mobile payments has made it crucial for businesses to find credit card processors that can support both in-person transactions flawlessly. Mobile payment solutions and options like wallets and contactless payments have gained popularity due to their convenience and enhanced security features. A leading credit card processor should offer payment processing options that align with how businesses interact with their customers.

Security Features and Fraud Protection

credit card fraud worldwide

Given the rising risk of cyber threats ensuring security measures and fraud protection mechanisms is vital for safeguarding businesses and their customers. Security remains a concern for both businesses and consumers, in today’s landscape.

Credit card processors are required to adhere to industry standards, like the Payment Card Industry Data Security Standard (PCI DSS) in order to ensure the protection of information belonging to cardholders. To safeguard transactions and prevent data breaches, advanced security technologies like encryption and tokenization are employed. Moreover employing fraud prevention tools such as real-time transaction monitoring and authentication mechanisms is crucial in mitigating the risk of activities.

Customer Support and Service Reliability

When it comes to credit card processing, businesses must prioritize a customer support team. Reliable service to promptly address any issues that may arise ensuring smooth transactions. Downtime can result in lost sales and dissatisfied customers so it’s essential for credit card processors to offer service with interruptions. Having a dedicated customer support team 24/7 is invaluable since payment-related challenges can occur at any time. The swift resolution of issues by the support team is vital for maintaining a customer experience.

Integration Capabilities with Existing Systems

The ability for businesses to seamlessly integrate credit card processing with their existing systems, such, as accounting and inventory management software is a game changer. Integration eliminates data entry. Reduces errors resulting in time and effort savings while enhancing operational efficiency.

Having a credit card processor that offers documented APIs and various integration options is beneficial, for businesses as it facilitates aligning payment processing with their existing infrastructure. This seamless integration also ensures a flow of transaction data empowering businesses to gain insights and optimize their operations.

Transparency in Terms of Contract Length and Cancellation Policies

It’s essential for businesses to have transparency regarding contract lengths and cancellation policies when engaging with a credit card processor. By reviewing the contract terms they can avoid fees or being locked into unfavorable terms. Reputable credit card processors should provide straightforward contract terms enabling businesses to make decisions without any hidden surprises or facing hefty cancellation fees.

Top Companies, for Credit Card Processing in 2023

Here are the top 5 companies that you choose in 2023 for your business.

1. Stax Payments

2. Card X

3. Payment Depot

4. Merchant One

5. WorldPay

Review Of The Top 5 Credit Card Companies

Stax Payments – Services And Features

Image source

Stax Payments is a regarded credit card processing company known for its user platform and transparent pricing structure. They offer a range of services including online, in-person and mobile payment processing to cater to the needs of businesses.

Stax Payments has earned a reputation as a credit card processor serving businesses of all sizes with its technology and exceptional customer support. Their platform seamlessly integrates with existing systems providing convenience for transaction management.

At Stax Payments, they follow an interchange plus pricing model that ensures fees without any hidden costs. This approach separates interchange fees from processor markups giving businesses clarity on their expenses and potentially reducing costs.

By adopting the interchange plus pricing model businesses gain visibility into the cost of each transaction empowering them to make decisions regarding their payment processing strategies. With Staxs commitment, to transparency businesses can optimize their payment processing expenses without being blindsided by fees.

Stax distinguishes itself through its pricing structure, the clock customer support, and access, to advanced analytics that can optimize business performance. Its user-friendly interface allows businesses to gain insights into their transactions empowering data-driven decision making.

One of the standout features of Stax is its commitment to empowering businesses with data and analytics. By understanding transaction patterns companies can identify growth opportunities to enhance customer experiences and improve their health.

Customers have praised Stax for its customer service and efficient payment processing. Businesses value the reliability of the platform. Appreciate the support provided by the customer service team. Positive reviews from clients solidify Staxs reputation as a leading credit card processor in 2023.


  • -Interchange plus pricing
  • -A user-friendly platform with advanced analytics
  • -24/7 customer support


  • Limited international reach
  • Not a cost-effective option for low volumes of transactions

Card X – Services and Features

Image source

Card X offers a platform that provides solutions, for businesses of all sizes. They specialize in delivering dependable payment processing services.

Card X is widely recognized for its dedication to tailoring payment solutions to meet the needs of businesses. With a range of features, businesses can select the options that best suit their industry and customer base.

Card X presents pricing plans allowing businesses to choose the plan that aligns with their transaction volume. This tiered approach empowers businesses to select a plan that matches their processing requirements ensuring they only pay for the services they require.

By offering pricing Card X caters to businesses with transaction volumes. Entities with transaction volumes can opt for cost-effective plans while those with higher transaction volumes can benefit from plans offering better rates and cost savings. This pricing flexibility enables businesses to adjust their payment processing costs based on growth and transaction demands.

The key strengths of Card X revolve, around its payment options, next-day funding capabilities, and a user-friendly interface designed for integration. The company understands that businesses operate in industries and have payment requirements. That’s why Card X offers a range of payment methods, including credit cards, debit cards, mobile wallets, and contactless payments. This flexibility ensures that businesses can accommodate their customers preferred payment methods resulting in increased customer satisfaction and loyalty.

Another great feature provided by Card X is next-day funding. Quick access, to funds, is crucial for businesses to maintain cash flow and meet commitments. With Card X businesses can receive their funds on the business day after a successful transaction giving them greater financial flexibility and control.

Card X also takes pride in its user interface and seamless integration capabilities. Their platform is designed to be intuitive and easy to navigate allowing businesses to quickly set up their payment processing with ease. Additionally, Card X offers integration options with e-commerce platforms, accounting software, and customer relationship management (CRM) systems. This integration capability streamlines operations. Reduces the need for data entry saving businesses valuable time and effort.

When it comes to customer testimonials and reviews, Card X customers often highlight the company’s rates and reliable service. For small businesses.

Businesses find Card Xs transparent pricing to be highly beneficial as it enables them to effectively plan and budget, for their payment processing expenses. Moreover, clients appreciate the integration and responsive customer support provided by Card X indicating the company’s commitment to delivering customer experiences.


  • Flexibility in payment options to accommodate various customer preferences.
  •  Next-day funding for improved cash flow management.
  •  Smooth integration with existing systems for streamlined operations.


  • Some businesses, with fluctuating transaction volumes might find pricing cost efficient.
  •  Certain businesses may prefer a simpler pricing structure without tiers.

Payment Depot– Services And Features

Payment Depot– Services And Features

Payment Depot is well known for its pricing structure based on subscriptions, which proves to be cost-effective, for businesses that handle a number of transactions.

Payment Depot primarily caters to businesses with transaction volumes. Their pricing model is based on subscriptions eliminating the percentage-based markups associated with credit card processing fees. Instead, businesses pay a fixed fee determined by their transaction volume. This approach can result in savings for enterprises dealing with high transaction volumes.

Payment Depot charges a fixed fee along with a transaction fee removing the percentage-based markups altogether. The monthly fee depends on the tier chosen by the business, which in turn is determined by their transaction volume.

By offering subscription-based pricing Payment Depot ensures that businesses have an understanding of their payment processing costs each month. This enables them to budget efficiently and avoid any surprises in their financial statements.

Payment Depot excels in providing pricing options dedicated customer support and advanced reporting tools. The predictable pricing model allows businesses to anticipate their costs accurately and adjust their budgets accordingly. This transparency in pricing proves beneficial, for companies seeking cost certainty and stable financial planning.

Payment Depot stands out due, to its commitment to customer support. Businesses can rely on their 24/7 support team for assistance ensuring that any concerns or queries are promptly addressed. This responsive approach contributes to an experience for businesses utilizing Payment Depots services.

Moreover, Payment Depot offers reporting tools that provide insights into the performance of payment processing. The detailed analytics and reports empower businesses to evaluate their well being identify trends and make data-driven decisions to optimize their operations.

The testimonials and reviews from customers underscore Payment Depot’s pricing structure and the ability to customize plans according to specific requirements. Businesses appreciate the cost savings achieved through the subscription-based pricing model. Additionally, they commend the customer support team for their helpfulness and efficiency in resolving any issues that may arise.


  • Predictable subscription-based pricing allows businesses to budget effectively.
  •  Dedicated customer support 24/7 for prompt assistance.
  •  Advanced reporting tools provide valuable insights into payment processing performance.


  • Subscription-based pricing may not be suitable for businesses, with transaction volumes.
  •  Some businesses may prefer flexible pricing models based on transaction volume.

Merchant One – Services And Features

Merchant One is a company that specializes in providing payment solutions for businesses. They offer a range of services including e-commerce, mobile, and in-store payment processing to meet the needs of each business they serve.

One of the standout features of Merchant One is their pricing model called interchange plus pricing. This model separates interchange fees from the processor’s markup ensuring that businesses have clarity on their costs. With this approach, businesses pay a markup on top of the interchange fees making it easier to understand and manage expenses.

Merchant One has strengths that set them apart from others in the industry. Their 24/7 customer support ensures that businesses can get help whenever they need it regardless of their time zone or operating hours. Additionally, they offer fast funding options which allow businesses to access their funds quickly and efficiently. This feature is particularly beneficial for those who need access to funds, for expenses or growth initiatives.

Merchant One places an emphasis, on ensuring the security of transactions by utilizing encryption and tokenization technologies. Their primary goal is to protect customer information and maintain trust in their brand.

Positive feedback from customers highlights the setup process and seamless integration offered by Merchant One. Businesses appreciate the responsiveness of their customer support team and their efficiency in resolving any issues that arise. Clients have also spoken positively about the pricing structure and the option for next-day funding.


  • Tailored payment solutions are provided for businesses operating across industries.
  • They offer an interchange plus pricing model, which promotes transparency in pricing.
  • Fast funding options are available for businesses that require access to funds.


  • For businesses with transaction volumes, the pricing structure may not be as competitive as some competitors.
  • In comparison to providers, some businesses may find that Merchant One lacks value-added services.

WorldPay – Services and Features

WorldPay - Services and Features

WorldPay is an established credit card processor that caters to businesses of all sizes offering a wide range of payment options.

WorldPay is highly regarded for its experience, within the payment processing industry and its global reach.WorldPay offers a range of payment solutions, to businesses of all sizes ensuring that they have the options to meet their specific needs. The pricing details and fee structures are customized based on business requirements guaranteeing that businesses only pay for the services they actually use.

One of WorldPays strengths is its payment processing capabilities allowing businesses to handle transactions smoothly on an international scale. With a focus on security WorldPay implements fraud prevention measures and complies with stringent security standards. This commitment provides businesses and their customers with confidence in the safety of their transactions.

WorldPay has gained recognition for its reliability in handling high transaction volumes. Businesses appreciate its support for transactions and user-friendly interface. Clients also commend WorldPay’s emphasis on data protection, which has earned them deserved accolades for their commitment, to safeguarding information.


  • They offer payment processing capabilities catering to businesses of all sizes.
  •  With a reach they enable border transactions and international expansion.
  •  Their robust security measures ensure data protection and effective fraud prevention.


  • Pricing varies based on business requirements, which may be less transparent, for some clients.
  •  Businesses with transaction volumes might find more cost-effective options with other processors.

Resource: Allied Market Research

Moving into 2023 credit card processing is experiencing some trends;

Adoption of Advanced Security Technologies; Recognizing the importance of data security in credit card processing companies are embracing advanced technologies, like tokenization end-to-end encryption, and multi-factor authentication. These measures aim to safeguard information and protect both businesses and consumers from data breaches and fraud.

Rise of Contactless and Mobile Payment Solutions; The convenience and hygienic advantages of contactless payments have gained popularity in light of the COVID-19 pandemic. With the increasing preference, for transactions among consumers businesses are incorporating contactless payment options like NFC-enabled cards and mobile wallets into their payment systems. The popularity of mobile payment solutions such as Apple Pay and Google Pay is also on the rise providing customers with a secure way to make purchases using their smartphones. In the coming years credit card processors will continue to support and enhance these mobile payment options to meet the growing demand from both businesses and consumers.

To gain insights into customer behavior and preferences credit card processors are integrating AI and data analytics. By analyzing transaction data businesses can obtain insights into consumer spending patterns detect trends and customize their marketing strategies accordingly. Additionally, AI-powered fraud detection systems are being implemented to enhance transaction security. These intelligent systems analyze transaction patterns and customer behavior in time to quickly identify any activities thus reducing the risk of fraudulent transactions.

For businesses in the USA credit card processors play a major role, in efficiently processing payments while accommodating customer preferences.

In order to make an informed decision businesses need to evaluate various factors such, as transaction fees, payment options, security measures, customer support, integration capabilities, and contract terms when selecting a credit card processor.

Among the merchant processor companies mentioned above. Stax, Card X, Payment Depot, Merchant One, and WorldPay. Each stands out for its qualities and positive feedback from customers. It is crucial for businesses to assess their needs and priorities in order to determine the best fit.


As businesses adapt to emerging trends they can take advantage of security technologies, contactless payments, and AI-driven insights to remain competitive and meet evolving customer expectations in the realm of credit card processing. By partnering with the credit card processor, in 2023 businesses can optimize their payment processing operations improve customer experiences, and drive growth in the era.

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