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Top 4 Cheapest Credit/Debit Card Processors of 2021



Looking to partner with a merchant services company? Are you searching all over the internet and still can’t decide which credit/debit card processing company is the cheapest?

Well, if you are excited to know which Merchant Services Company provides the cheapest merchant services, you just landed on the right page.

Keep reading till the end to explore the top 4 cheapest credit/debit processors of 2021:

  1. Host Merchant Services

First on the list of cheapest credit/debit card processing companies is Host Merchant Services. Host Merchant Services provide services to all types of businesses.

With HMS, you get credit/debit card processing, specially customized for POS systems, mobile payments, EMV terminals, eCommerce platforms, and more.

In addition to merchant payment channels, Host Merchant Services also offers an integrated payments system. They offer an easily accessible API and other payment terminal solutions.

HMS is a reliable name when it comes to helping SaaS providers and developers seamlessly integrate payments.

Why exactly is Host Merchant Services the Best and Cheapest Credit/Debit Card Processor?

  • Host Merchant Services provide guaranteed low pricing on their merchant account services. They offer no contracts, zero account closure penalties, zero hidden fees, and zero EMV and PCI compliance fees.

  • The customer provided by Host Merchant Services is excellent. Their customer support team is available 24 hours a day and every day of the year.

  • HMS brings their customers affordable and dependable merchant payment solutions. They provide a variety of POS systems and other payment processing platforms.

  • The payment terminals provided by HMS are fully compatible with EMV payments. They also support NFC technology devices and contactless payments such as Google Pay and Apple Pay.

  • Other than that, they offer Authorize.Net (a virtual terminal) and SwipeSimple (a mobile payment processing system).

Which credit cards can a business accept with Host Merchant Services?

  • MasterCard

  • Visa

  • Discover

  • American Express

  • UnionPay

  • JCB

  • Business Credit Card

  • Consumer Credit Card

  • Prepaid Card

  • Debit Card


  • Cheapest merchant services

  • Low interchange cost

  • Suitable for both small and large businesses

  • Excellent customer service

  • No hidden charges

  • Free payment equipment options

  • Variety of POS systems available

  • No long-term contracts

  • Advanced software integrations

  • Rated A+, A+BBB, 5-Star by Card Payments Options

  • Provides services to both high risk and low-risk businesses


  • Not much

  1. FattMerchant

Second, on the list of cheapest credit/debit card processing companies is FattMerchant. It is one of the best-rated merchant services providing company.

This payment processing company features on this list because of its reliability, predictability, versatility, and value that it brings to businesses.

 Whether a business owner runs an eCommerce platform, retail store, or another type of business, FattMerchant is indeed a good merchant services company to partner with.

Why exactly is FattMerchant One of the Cheapest Credit/Debit Card Processors?

  • With FattMerchant, merchants can have access to a variety of eCommerce tools, hardware, and more.

  • FattMerchant offers a subscription-based pricing model with a 0% markup fee.

  • They offer POS software, virtual terminals, and free invoicing with a standard account.

  • The price of their subscription-based pricing model starts from $99/month.

  • They also offer other robust features, including inventory management, advanced reporting, and real-time billing and invoicing.

  • Their other add-on features include dispute managing, EBT processing, ACH subscription, and more.

Which credit cards can a business accept with FattMerchant?

  • MasterCard

  • Visa

  • Discover

  • American Express

  • JCB Dining 

  • Pin Debit

  • Health Flex

  • EBT

  • Voyager

  • Wex


  • 0 % Markup Rate

  • Funds transfer on the next day

  • No need for long-term contracts

  • Member pricing

  • POS software and virtual terminals


  • Costly monthly subscription

  • Not a good option for small businesses

  • Partners with US merchants only

  1. PaymentCloud

Third, on the list of cheapest credit/debit card processing companies is PaymentCloud. The company allows business owners to open their merchant accounts that have a bad credit score.

PaymentCloud has diverse customers and offers them online and in-store payment solutions. This merchant services company is a reputable name in the payments industry.

They are well-known for delivering competitive rates and at the same time serving high-risk business categories with ease.

Why exactly is PaymentCloud One of the Cheapest Credit/Debit Card Processors?

  • With PaymentCloud, you will get a dedicated manager for a merchant account.

  • Before providing their services, they help you in determining the fee structure and service plans. It facilitates you to implement essential hardware and software according to your specific business needs.

  • PaymentCloud also provides merchant services to high-risk business categories.

  • They feature an open Application Programming Interface, which integrates with WordPress, Wix, and WooCommerce.

  • PaymentCloud offers various kinds of hardware, including POS equipment, EMV reader, and Wireless payment card terminals, etc.

Which credit cards can a business accept with PaymentCloud?

  • American Express

  • Visa

  • Discover

  • MasterCard

  • Apple Pay

  • Star

  • Union Pay


  • Easy Setup

  • Funds transfer on the next day

  • Fast approval of the application

  • Provides services to high-risk business categories

  • Reasonable pricing


  • Fee structure not present on their website

  • Businesses are required to pay an early termination fee

  1. PayPal

Fourth on the list of cheapest credit/debit card processing companies is PayPal. PayPal is best suitable for businesses that have low monthly sales. They provide fast and easy to use merchant services.

When it comes to the payment processing industry, PayPal is a reputable and trusted name. They not only offer merchant services to brick-and-mortar retail stores but also provide services to online businesses.

The merchant services provided by PayPal are fully PCI compliant and include a credit card data protection security program.

Why exactly is PayPal One of the Cheapest Credit/Debit Card Processors?

  • For accepting online payments for your business, it is simple to set up a merchant account with PayPal. It takes a few minutes to create an online account on the PayPal app.

  • In case of in-store payment transactions, PayPal offers a payment card reader and hardware equipment.

  • For businesses that already have POS systems, PayPal integrates their POS systems with Vend, Lavu, Revel Systems, and TouchBistro.

  • With PayPal, you don’t have to pay any startup costs or monthly fees. Also, the funds are transferred on the next day of the transactions.

Which credit cards can a business accept with PayPal?

  • MasterCard

  • Visa

  • Discover

  • American Express

  • Venmo

  • PayPal


  • Hassle-free and fast setup

  • Easy user interface

  • No contracts or monthly fees

  • Also, it offers the option of a mobile wallet

  • Advanced software and hardware


  • Not suitable for businesses having large volume transactions

  • They don’t provide 24/7 customer support

Hi! I am Samy John. I have good writing and singing skills. I am post graduate from the University of California.
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