Best online payment processor for small businesses

Small businesses typically accept and process payments by using a payment processing system. Payment processors provide solutions that make it easy to accept a variety of payment methods ― credit and debit cards, and contactless payments with Apple Pay and Google Pay ― in-person, online, and over the phone.

Sort through payment processor options to know what features your business type requires. The right payment processor will provide flexible, secure payment options that enable you to take payments, so you can meet your customers where they are and grow your business on your terms. For example, if you’re an ecommerce company, a POS system may not be required. Similarly, if you only do in-person business, an online payment portal may not be needed. Hybrid businesses will benefit from providers that connect in-person and online sales so you can manage all your selling in one place, no matter where — or how — customers are buying. Before settling on a provider, don’t forget to evaluate payment processing fees. GoDaddy has the lowest fees compared to other leading credit card processing companies.

While some payment processing companies like GoDaddy have no hidden fees beyond standard payment processing, others do. Merchants may be responsible for a variety of other fees like PCI compliance costs, statement fees, monthly fees, termination fees, virtual terminal service fees, and recurring billing.

Payment processors like GoDaddy follow strict PCI compliance. That means they’re doing their part to help prevent credit card fraud and keep customer credit card information secure.