![]() ![]() The 360 scoring process first converted each third-party rating into a common 0 to 5 scale. We used the scoring methodology described below to convert these systems to a comparable scale. Before including each third-party data point into our scoring equation, we had to standardize it so that it could be compared accurately with data points from other review sources. The third-party review source data were collected in a variety of forms, including ratings, recommendations, and accolades. (b) We standardized the inputs to create a common scale. Therefore, some sources were excluded from our model. Please note that not all professional and consumer rating sources met our criteria for objectivity. Sources with a sufficient number of quality consumer ratings and reviews were included in our scoring model. News also reviewed published consumer ratings and reviews of Credit Card Processing providers. News believes consumers benefit most when these opinions and recommendations are considered and analyzed collectively with an objective, consensus-based methodology. Rather than relying on a single source, U.S. However, professional reviewers often make recommendations that contradict one another. We consider several of these third-party reviews to be reputable and well-researched. Many independent evaluating sources have published their assessments of Credit Card Processors companies and their products online. (a) We compiled two types of third-party ratings and reviews: The ratings are not based on personal opinions or experiences of U.S. ![]() Our scoring methodology is based on a composite analysis of the ratings and reviews published by credible third-party professional and consumer review sources. News’ 360 Reviews team applied an unbiased methodology that includes opinions from professional reviews as well as consumer reviews. We created objective 360 Overall Ratings based on an analysis of third-party reviews. ![]() We then narrowed the list down to the 10 best credit card processing companies.Ģ. ![]() Research shows that these are the most important criteria for businesses looking for a credit card processor. The range of auxiliary features included equipment deals, mobile app availability, third-party integration capability, assistance with PCI compliance, and virtual terminals that would aim to enhance businesses’ functionality and flexibility. We paid attention to transaction fees but also dug into what other features and penalties merchants were being charged for. Transparency with the pricing of their service was a key factor in gathering the information that U.S. To create our small business subrating, we researched professional recommendations to assess what is best for small businesses and determine what is most important to assist companies in their purchasing decision.Įach credit card processor highlighted a variety of features, some of which affected the complexity of the pricing structure. After conducting a thorough analysis, we were able to condense the initial list to the 10 best credit card processing companies. We found 24 companies that stood out for further evaluation based on their search volume and reviews by both professionals and consumers. News analyzed and compared a variety of publicly available data, including internet search data, to determine which credit card processing service businesses are most interested in. We researched the companies and products people care most about. The following describes our 360 approach to researching and analyzing credit card processing companies to provide guidance to prospective business consumers.ġ.
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