Mobile credit card processing allows merchants to sell products and accept card payments from almost anywhere with a smartphone or tablet. The best mobile credit card processor should be reliable, have affordable transaction fees, come with a free business management app, and function offline.
The best mobile credit card processors are:
- Square: Best all-around mobile credit card processor
- PayPal: Best for occasional sales
- Clover: Best for existing merchant account holders
- Fattmerchant: Best for growing businesses
- Payment Depot: Best cheap option for established businesses
Not sure which credit card processor is best for you? Take this four-question quiz to find out. You’ll get a recommendation without being redirected to another page.
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Square Offers the Best All-Around Payment Solution
In general, we recommend Square as the best all-around mobile payment processor for its free iPhone and Android processing solutions, affordable and high-tech mobile card readers, and feature-rich payment app.
PayPal Is a Close Runner-up
While Square earned the top spot in all of our mobile payment processing evaluations, it’s not the only good solution on the market. In fact, PayPal was a close runner-up to Square in almost every scenario.
Learn more: See our comparison of Square vs PayPal
When You’ll Grow Out of Square
Square and PayPal are both geared toward small businesses and individuals. Once your business grows and is consistently processing over $10,000 monthly, you can get lower fees and a better overall value by switching to a solution like Payment Depot or Fattmerchant, which offer interchange-plus pricing.
If You Already Have a Merchant Account
If you already have a merchant account and just need a mobile card reader, Clover is a popular mobile POS and hardware solution that works with many merchant accounts.
How We Evaluated Mobile Credit Card Processing Solutions
The best mobile credit card processor is convenient and flexible with no or low upfront costs and competitive processing rates. It also has to be reliable—you need to depend on it in many different environments, even with an unstable internet connection.
We evaluated 11 mobile credit card processors based on price, ease of use, the POS app, reliability, and account features, then narrowed the list down to the five best solutions. Click through the tabs below for our full evaluation criteria:
15% of Overall Score
To receive a perfect score, mobile processors need to offer month-to-month billing with no contracts, zero cancellation fees, chargeback fees, monthly minimums, or strict application processes.
25% of Overall Score
We awarded points for each type of payment each mobile processor can handle, including point-of-sale, invoice, virtual terminal, and contactless payments. We also awarded points for mobile apps with split tender options and flexible tipping solutions.
20% of Overall Score
The best mobile processors can accept payments offline, operate on iOS and Android devices, issue SMS and email receipts, and be used to manage a product catalog. The best systems also have a free POS app with business management functions like reporting.
20% of Overall Score
We prioritized mobile processors with free 24/7 customer support, fast deposit times (next day or sooner), multiple card reader options, and robust sales tax management.
20% of Overall Score
We judged each system based on its overall pricing transparency and value, ease of use, (including account stability and user interface), popularity (including user reviews and business owner testimonials), and its ability to connect to other popular business tools (like accounting software).
Square
What We Like
- Competitive rates
- Easy chargeback dispute
- Free top-rated POS
- Instant signup—no application or approval required
- Mobile, in-store, and online sales channels
What's Missing
- Expensive for large businesses
- Account instability
- It can be difficult to reach customer service
- Not suitable for high-risk or high-volume businesses
Square Pricing
- Monthly fee: $0
- Card reader: Free magstripe, $49 chip & tap
- Card-present transactions: 2.6% + 10 cents
- Keyed-in transactions: 3.5% + 15 cents
Square Features
- Next-day deposits
- Instant payouts for a 1.5% fee
- Free invoicing
- Free online ordering page
- QR code payments
Square is the best credit mobile credit card processor for small businesses. The mobile payment processing option has no monthly or startup fees, and the application is easy—there is none. You can get up and running in no time with the free POS app while you wait for the free credit card reader to arrive. The app works offline, is compatible with Android and iOS, and has competitive processing rates. Plus, the POS software includes free business management tools.
PayPal
What We Like
- Safe and secure
- Easy to set up and use
- Affordable for small transaction values
- Instant payout to your PayPal account
What's Missing
- Account stability issues
- Limited inventory management features
- Weekly limit for swiped and keyed-in payments
- May freeze funds at any time; 30-day hold on funds over weekly limit
PayPal Pricing
- Monthly fee: $0
- Card reader: $24.99
- Card-present transactions: 2.7%
- Keyed-in transactions: 3.5% + 15 cents
PayPal Features
- Accept PayPal payments
- Payouts in 1-2 business days
- Instant payouts into PayPal account
- Simple product catalog
- Configure tax and tip settings
PayPal used to be an online-only platform, but it has since added in-person payments, including a mobile credit card processor branded as PayPal Here. PayPal has a more straightforward and competitive pricing model—it’s just a flat percentage, which typically works out well for lower transaction values. PayPal integrates with a variety of platforms and accepts a range of payment methods. It’s also known for its robust security features.
Clover
What We Like
- Works with a variety of merchant accounts
- Supports barcode scanning in iOS
- Robust smartphone POS
What's Missing
- Pricing and contract varies depending on who you sign up with
- Monthly fee
- Poor customer service
Clover Pricing*
- Monthly fee: $9.95+
- Card reader: $69
- Card-present transactions: 2.7% + 10 cents
- Keyed-in transactions: 3.5% + 10 cents
Clover Features
- Add multiple employees and permission levels
- Extensive app market
- Offline processing
*Pricing from Clover website for Clover Go product. Available at different rates through resellers and other merchant service providers.
Clover offers everything a standard mobile processor does, including payment processing, inventory management, and analytics reporting. However, after Square, Clover has the most feature-packed point-of-sale app on this list. Specific plans include credit card pre-authorization, next-day deposits, detailed item library, exchanges, and a weight-scale integration.
Learn more: See our comparison of Clover vs Square
What makes Clover interesting is that it does require a traditional merchant account. You can either set up your account through First Data (Fiserv), which owns Clover, or one of its authorized resellers. The pricing and support you receive can vary greatly depending on which merchant account provider you choose.
Fattmerchant
What We Like
- Easy-to-use software
- Stable merchant account
- Responsive customer support
What's Missing
- High monthly fee
- Best for large or growing businesses
Fattmerchant Pricing
- Monthly fee: $0 for starter plan
- Card reader: $100
- Card-present transactions: 2.9% + 8 cents
- Keyed-in transactions: 2.9% + 15 cents
Fattmerchant Features
- Use your smartphone to scan card payments
- Invoicing, billing, and recurring payment software
- Text2Pay
- Same-day funding available
Fattmerchant has a small business plan for merchants processing under $80,000 annually, but you get the best value once you’re processing over $15,000 monthly and fall under Fattmerchant’s interchange-plus pricing. At that point, you’ll pay $99 each month and interchange plus 8 to 15 cents per transaction.
Like Clover and Payment Depot, Fattmerchant is also a traditional merchant account, meaning you’ll need to apply. The trade-off is a very secure merchant account (in other words, no frozen funds) with excellent customer support.
Payment Depot
What We Like
- Low transaction fees for all payment types
- Transparent pricing model
- Free payment gateway and virtual terminal
- Month-to-month billing with no cancellation fee
- 90-day money-back guarantee
What's Missing
- Monthly fees starting at $49
- Not suited for high-risk businesses
- Businesses processing less than $10,000 monthly may not be approved
Payment Depot Pricing
- Monthly fee: $49+
- Card reader: $99
- All transactions: Interchange + 5¢–15¢
Payment Depot Features
- Uses SwipeSimple for mobile payments
- Payouts in 1–2 business days
- Process returns
- Basic analytics reports
Payment Depot uses a subscription-based model, which means businesses pay a monthly fee to access wholesale mobile credit card processing fees. Unlike most other processors on this list, Payment Depot is a dedicated payment processor. Therefore, its security, reliability, setup, and fees are attractive for merchants of all sizes, especially established ones.
Payment Depot partners with SwipeSimple for mobile payments, and the app works offline like Square and PayPal. With the SwipeSimple mobile payments app, you can add tips, save payment information, use a product catalog, and process returns. You can also view analytics reports.
Bottom Line
Whether you’re a brand-new business that is starting out with mobile credit card processing or an established store looking to take your business on the go, you need a solution that is cost-effective, reliable, and easy to use. The best providers also do not have a monthly transaction minimum, fees, or contracts.
Square is a great mobile credit card processing company for small businesses. Its plug-and-play solution makes it super-easy for anyone to accept payments anywhere, even offline. No applications, startup fees, or hardware costs mean it’s a risk-free investment. Plus, the Square app comes with the point-of-sale features you need to manage a business on the go. Visit Square to get started with a free account and mobile card reader.
Yadusha Williams
I have a mobile notary business. I currently use square, i am not interested in Chase at all even though all my business funds go to them. However, I am very interested in Quickbooks Gopayment since I do use Quickbooks. On average I do about 25-30 transactions a week on card. Would this work for me? Transactions range between 30-150.
Amanda Norman
Hi Yadusha,
Thank you for your question. GoPayment could work for you. Where GoPayment is different from Square is the transaction fee, so if the number of transactions is high but the dollar amount is low, the transaction fee may raise your cost of doing business. It won’t always be the case, so it’s best to run the numbers to see which option will work best for you.
Thanks for reading! Best of luck.
Mandy, Moderator
Robert Johnson
I own my own personal training business, with no other employees. I am looking to have about 20-30 customers set up on monthly or even bi-weekly recurring payments. May need to take POS payments once in a while. I don’t really need anything else. Would square be best for me? Thanks in advance for any feedback!
Krista Fabregas
Hi Robert,
Square’s recurring payments are tied to their invoicing feature — so to enable the automated payment, you need to set up automated invoices. If your amounts don’t change payment-to-payment, this is easy to do. At the first invoice send, your customer is able to set up their card for a recurring payment. Then, when your automated invoices run, the payments are triggered. It’s pretty easy once you run one series. If that sounds like it will work for you, then you have Square’s POS, card reader, and other business management tools at your disposal if and when you need them. I hope this helps with your decision.
Cheers!
Krista
Mary Fullard
How does the square compare to pro pay?
Krista Fabregas
Hi Mary,
ProPay is more like a standard merchant account that charges different fees for different card types. For example, you’ll pay a higher rate to process an American Express card than a Visa card in most cases. They have some competitive rates, but there’s a sign-up fee plus an annual fee, unlike Square which has no sign-up fees or regular fees for any payment services. ProPay also has monthly transaction limits that can be inconvenient to deal with as you grow. Square has no standard limits. Square’s all-in-one is more seamless too, plus you get their great POS software for free. Hope this helps explain the differences.
Cheers!
Krista
Anthony Martin
I’ve been using Square for almost a year now. I am the owner of a small airport Transportation Company. Square has worked perfectly for my business. My customers all love it Very easy to use and the app is straight forward. Square is always giving me ideas to grow my business. On a scale 1 to 10 I give Square a 10
Krista Fabregas
Many do! It’s a very streamlined payment and overall sales and business management system. Thanks for reading and commenting.
Cheers!
Krista
Bill
Hello, what a wealth of info!! I’m a lic. plumber in NJ and all my bus. is mobile. I think the square is the best for me. I was wondering about any legal issues that i should be concerned about, or how/what to do to avoid them. thank you.
Krista Fabregas
Hello Bill,
I’m glad the information is helpful to you. Square covers the credit card processing security issues for you, so there should be no legal headaches there. If you want to offer recurring payments, customers have to set that up themselves, so everything is correctly managed and maintained via their secure system. That’s one of the prime reasons that Square is such a popular mobile card processing options. Good luck!
Cheers,
Krista