Which Credit Card Processor Is Cheapest for Small Business in 2019?

Hello Friends

Are you a small business operator who accepts credit cards as payment and is looking for the cheapest credit card processor in 2019? Then you have come to the right place.
In this article, we will be discussing the various options available in the market, and we will evaluate them against their rates to determine the cheapest processor available.

Credit Card Processors Available

Before we delve right into the rates and which credit card processor is the cheapest, let’s have an overview of the different credit card processors available in the market.

Credit card processors are organizations that work with banks/corporate entities to process transactions made through credit cards. Below are some credit card processors that are commonly used by small businesses:

  • Stripe
  • Square
  • PayPal
  • Clover
  • Authorize.net

Comparing Rates

Now let’s evaluate these processors based on pricing, and determine which credit card processor is the cheapest for small businesses in 2019.

1. Stripe

Stripe is a payment processing system that enables individuals and businesses to accept payments over the internet. As of 2019, Stripe is among the cheapest credit card processors available; the company charges fees of 2.9% + 30 cents per transaction. Therefore, businesses on a tight budget can opt for Stripe as their primary payment processor.

2. Square

Square, also known as SquareUp, is a payment processing platform that provides its services to small businesses. Square’s pricing scheme is a flat rate of 2.6% + 10 cents per transaction. Businesses that have an average ticket size of less than $10 may find this option more cost-effective.

3. PayPal

PayPal is a widely used payment platform that allows individuals and businesses to send and receive payments. PayPal’s fees are slightly higher than Stripe and Square. They charge a fee of 2.9% + 30 cents per transaction. PayPal provides additional tools for businesses such as invoicing and subscription billing.

4. Clover

Clover is a payment processing and point-of-sale system for small businesses. Clover’s fees vary depending on the point-of-sale system chosen. The percentage-based fee ranges from 2.3% to 3.5%, while transaction fees range from 10 to 30 cents per transaction.

5. Authorize.net

Authorize.net is a payment processing platform that provides additional features and tools for businesses such as fraud detection and prevention. Their pricing scheme is a bit different from others on this list; they charge a monthly gateway fee of $25, with a per-transaction fee of 2.9% + 30 cents.


After taking into account the above mentioned credit card processors, it is clear that Stripe and Square provide the cheapest processing services. However, which processor is the cheapest for your business will depend on various factors, such as the average ticket size, transaction volume, etc. Therefore, it is recommended that you evaluate all options carefully before making a decision.

Goodbye Friends

Thank you for reading our article on which credit card processor is the cheapest for small businesses in 2019. We hope the information provided has assisted you in choosing a cost-effective credit card processor that is the right fit for your business. Until next time, take care and have a great day!

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