Fattmerchant is a subscription-based merchant services provider with affordable interchange-plus processing rates for growing businesses. Other features include invoicing and billing software, recurring and stored payment options, customer relationship management (CRM), text-to-pay, and analytics reporting. Fattmerchant uses a custom pricing model based on your needs and monthly transaction volume.
What We Recommend Fattmerchant For
After reviewing dozens of merchant account providers over the past several years, I can say Fattmerchant offers some of the most transparent and predictable pricing on the market. The Fattmerchant business dashboard and software solutions are very easy to use and are much more robust than what most processors offer. Overall, Fattmerchant is the best merchant services for growing businesses. Specifically, Fattmerchant is ideal for:
Small and medium-sized businesses with growth goals:
If you’re actively growing your business, Fattmerchant has tiered custom pricing plans that offer lower transaction fees as your transaction volume increases. Custom pricing plans and powerful software add-ons make Fattmerchant a great overall value for growing businesses.
Established professional services:
Fattmerchant’s invoicing and billing software, along with its affordable transaction fees and ACH bank transfer payments make it a great choice for businesses like professional services that process recurring payments
Fattmerchant’s stored payment and recurring billing options also make it a good choice for subscription-based retailers and storefronts.
When Fattmerchant Would Not Be a Good Fit
- New businesses who need to get up and running: Fattmerchant uses custom pricing, and requires an application and setup process, so it’s not ideal if you need to start accepting payments fast. Instead, look for one of these easier credit card processing options.
- Occasional sellers or sole proprietors: While Fattmerchant does have a flat-rate option for small businesses processing under $80,000 annually, you can find lower rates and more flexibility with these free merchant accounts.
- Businesses that take payments over the phone: Because Fattmerchant requires a separate software subscription for virtual terminal (or keyed-in) transactions, these fees can add up if you take phone orders. Our recommended virtual terminals offer more affordable solutions for phone orders.
High monthly fee for most plans
Omni software and integrated payments
Separate subscriptions for card-present and card-not-present payments
Easy to use dashboard and analytics
Expensive for businesses with less than $10,000 in monthly transactions
Not ideal for new businesses
Customer support is responsive and helpful
Low-cost ACH processing
Fattmerchant’s application process requires you fill out a form on their website so they can assess your needs and provide you with custom pricing options. Other options may get you up and running more quickly, but Fattmerchant’s pricing often aligns with your current stage of growth, which can be affordable while you scale.
Fattmerchant Payment Processing Pricing
For businesses processing less than $80,000 annually:
- No monthly fee
- 2.9% flat rate per transaction, all types
For businesses processing $80,000 – $500,000 annually:
- $99 monthly fee
- Interchange plus 8 cents per card-present transaction
- Interchange plus 15 cents per card-not-present transaction
Fattmerchant Custom Plans
If you process more than $500,000 in transactions each year, Fattmerchant will have a custom package for you. You’ll need to reach out to their representatives to find out what their custom plans look like.
Previously, we have been quoted rates of $199 per month, interchange plus 8 cents for card-present transactions, and interchange plus 15 cents for card-not-present transactions.
Fattmerchant Omni Software Pricing
All Starter features, plus:
All Growth features, plus:
Add-ons and ala carte options include one-click shopping carts, QuickBooks Online sync, Omni reporting, custom branding, same-day funding, and hardware protection.
Contract Length and Early Terminations
Fattmerchant’s subscription model runs as a month-to-month contract and doesn’t charge any early termination fees, but you will need to give them 30 days’ notice if you’re canceling your subscription.
Fattmerchant Alternatives and Fees Comparison
New and small businesses
Online checkout and occasional sales
Cheapest credit card processing
Starts at $0/month
Starts at $0/month
Starts at $49/ month
Card-present transaction fee
2.6% + 10 cents
Interchange + 5-15 cents
Keyed transaction fee
3.5% + 15 cents
3.5% + fixed fee
Interchange + 5-15 cents
Ecommerce transaction fee
2.9% + 30 cents
starts at 3.4% + 30 cents
Interchange + 5-15 cents
Looking for the lowest rates? The payment processing rates you will pay can vary based on your business size, type, and average order value. To find the most affordable option for you and compare multiple processing rates, read our guide on the cheapest credit card processing.
Fattmerchant is loaded with features beyond subscription-based payment processing:
- Invoicing: Fattmerchant can send digital invoices to customers via email or text message, along with automatic payment reminders.
- CRM: Fattmerchant’s Omni Virtual Terminal creates and saves full customer profiles. If you prefer a third-party option, it also integrates with more than 90% of CRMs on the market.
- Payment types: Fattmerchant accepts all major credit and debit cards, ACH payments, invoicing, Text2Pay, virtual terminal, and contactless payments.
- Ecommerce: Fattmerchant’s API enables customers to fully customize payments on their own website or separate custom platforms.
- Deposits: Same-day funding is available. In general, customers will be approved for either next day or 48-hour funding. However, Fattmerchant also offers same-day funding for clients who want to receive deposits on a debit card instead of in a bank account.
- Omni software: Omni includes financial reports and analysis, sales trends, deposit management, customer management, user and permission setting, two-way customer communication, and online review management. Omni connects the user’s financial reporting, data and analytics, payments, customer management, inventory, and security in one dashboard. The interface is user-friendly and makes tracking clients and invoices easier.
- Mobile and contactless payments: Fattmerchant has a free iOS and Android mobile POS app and Bluetooth-enabled card readers. You can use your mobile phone or tablet camera to accept credit cards, manage invoices, track products, create catalogs, accept tips, scan bar codes, and send digital receipts.
- Analytics and reporting: The Omni dashboard shows sales trends in your business and determines where you have the most potential for growth. You can also use the tools to manage customers, measure your growth, and learn about when you’re busiest.
- Reputation management: Fattmerchant helps you monitor online reviews for your business and respond to them from the Omni platform.
- Dispute management: Fattmerchant Dispute Manager notifies retailers of chargebacks quickly and facilitates an efficient resolution. You’ll hear about the chargeback on the same day it’s claimed, and you can upload supporting documents through the user portal.
Fattmerchant Ease of Use
- Grows with you: Fattmerchant has tiered pricing and also shows analytics reporting with growth in mind.
- Advanced third-party integrations: There is no shortage of Fattmerchant integration options. The payment processor works with a variety of outside hardware and software platforms. However, access to third-party integrations requires a monthly subscription fee.
- Excellent customer support: Users find the Fattmerchant support team to be responsive and helpful.
- Predictable pricing: Though you need to get a custom quote for your business, subscription-based pricing makes it easy to understand and forecast payment processing expenses.
- Mobile payment: You can use mobile card readers, send text payment reminders, and accept payments from mobile wallets like Apple Pay and Google Pay.
Fattmerchant offers a collection of proprietary hardware. These options include terminals and mobile card readers. Each piece of hardware comes with both an upfront cost ranging from $100 for mobile readers to $650 for countertop terminals, and a monthly fee for protection plans that ranges from $19 – $39.
While Fattmerchant itself is a powerful tool, there are added benefits in its wide range of integration options. You can connect it to Zapier, Shopify, Magento, BigCommerce, WooCommerce, Authorize.net, and QuickBooks Online. You can also use the open API to create your own custom integrations.
Fattmerchant Customer Support
You can reach Fattmerchant customer support via phone or request form on their website. There’s also a live chat tool, though it’s hard to say during what hours you’ll be able to get in touch with a human as opposed to a chatbot. Fattmerchant uses Zendesk to manage support tickets, and you can also self-serve with the Fattmerchant Knowledge Base that has support content. Growth and Pro Omni software subscriptions include a dedicated account manager.
What Users Think of Fattmerchant
Fattmerchant has mostly 4- and 5-star ratings across most review platforms. It is rare for merchant accounts to have lots of positive reviews.
- Capterra: 18 Capterra reviewers give Fattmerchant 4.8 out of 5 stars.
- Software Advice: Fattmerchant earns a rating of 4.83 out of 5, also based on 18 user reviews.
- G2: Ranks Fattmerchant with an overall rating of 4.8 out of 5, based on just three user reviews.
People love the helpful and responsive customer support team—they’re helpful from the moment you sign up. Other feedback to note:
Users Don’t Like
Straightforward and predictable pricing
Invoicing features and functionality
Ease of use
Weak and buggy integrations
Helpful analytics reporting
High monthly fees if you have higher monthly processing volumes
The ability to send custom payment links to customers
Online payments require invoices
Fattmerchant is a subscription-based payment processor and merchant services provider that uses a custom interchange-plus pricing model that is well-suited to growing businesses. This easy-to-use processor has features like dispute management, CRM, invoicing, saved and recurring payments, and reputation management. There are tons of integrations, and qualifying merchants get next-day funding. To find out if it is a fit for you, contact Fattmerchant for a free savings assessment.