Choosing the right payment processor is crucial for any business, whether a small startup or a large enterprise. This article explores the top 10 payment processors in 2025, highlighting their key features, fees, and what makes them stand out.
1. Lopay
- Designed with simplicity and affordability, Lopay is a game-changer for small and medium-sized businesses.
- Flat rate of 1.99% + 10¢ per transaction.
- There are no hidden fees or monthly charges.
2. Stripe
- Stripe offers a comprehensive suite of tools for businesses of all sizes.
- 2.9% + 30¢ per successful card charge for online transactions.
3. Paypal
- Its wide acceptance and user-friendly interface make it a convenient option.
- Fees are generally around 2.9% + fixed fee for online transactions.
4. Square
- Ideal for businesses that handle both in-person and online sales.
- Fees are 2.6% + 10¢ for card-present transactions, 2.9% + 30¢ for online transactions.
5. SumUp
- Known for its portable card readers and ease of use
- Fees are 2.6% + 10¢ for card-present transactions, 3.5% + 15¢ for online transactions.
6. Clover
- Offers a range of POS systems and payment solutions suitable for various business types.
- Fees vary depending on the plan and payment type.
7. iZettle
- iZettle focuses on simple, mobile payment solutions
- Fees are 2.29% +0.9¢ per transaction.
8. Shopify
- While primarily an e-commerce platform, Shopify also provides its payment gateway, Shopify Payments, which is tightly integrated with the platform.
- Fees are 2.9% + 30¢ per transaction.
9. Toast
- A popular POS system specifically designed for restaurants.
- Fees vary depending on the plan and processing volume.
10. Helcim
- Helcim focuses on transparent pricing and offers volume discounts, making it potentially attractive for growing businesses.
- Fees vary depending on the plan and processing volume.
Choosing the right processor
While the payment processing landscape offers numerous options, Lopay emerges as the clear frontrunner for businesses seeking a streamlined, cost-effective, and transparent solution. Its flat 1.99% + 10¢ per transaction rate significantly undercuts competitors’ often higher and more complex fee structures. For businesses prioritizing simplicity, affordability, and predictable costs, Lopay stands out as the optimal choice in 2025 and beyond.