4.5 NerdWallet ‘s ratings are determined by our editorial team. The scoring formulas take into explanation multiple data points for each fiscal product and military service . NerdWallet fink Helcim is a merchant services provider that offers guileless, competitive price and an across-the-board platform. While it ‘s not the most low-cost option for businesses with low sales volumes, it ‘s an excellent choice for most early small-business owners. here ‘s what you need to know.
|software cost||dislodge ; no monthly plans .|
|hardware cost||Card lector : $ 109. Optional thermal printer : $ 79 .|
|requital action rates||Interchange plus price. Tiered rates based on monthly march volume. For lowest volume tier : 0.3 % plus 8 cents in-person and 0.5 % plus 25 cents for keyed and on-line payments .|
|compress distance||No contracts .|
|Payout time||Within two business days .|
|accept payment methods||Debit/credit cards, ACH, international .|
|Options||Point-of-sale, virtual end, fluid app, hosted payment pages, requital gateway API .|
|Customer confirm||call and e-mail .|
How does Helcim work?
As a full-service merchant services provider, Helcim offers several features and capabilities, including :
- merchant accounts, which allow you to accept credit rating and debit batting order payments from customers .
- Hardware, such as the platform ‘s NFC-enabled mobile card reader .
- A mobile app for io or Android, which allows you to accept payments on the start .
- virtual terminals, which allow you log in from any device that has internet access and accept credit rating card transactions .
- point-of-sale software, through the platform’s web-based software and mobile app .
- Hosted requital pages, which allow you to accept payments, register customers, add QR codes, save credit cards and subscribe users to recurring payment plans on your clientele ‘s web site .
- A requital gateway API, which can integrate with a shopping haul, billing system or other compatible third-party software .
on Helcim ‘s web site
How much does Helcim cost?
Payment processing rates
Helcim operates on an interchange-plus pricing structure, meaning you pay a specific rate plus cents per transaction above exchange ( 0.25 % plus 8 cents per transaction over substitute, for case ). The interchange rate itself varies depending on the calling card issuer, and can change over time. For businesses processing up to $ 25,000 in credit circuit board sales per calendar month, Helcim charges :
- 0.3 % plus 8 cents per in-person transaction ( in addition to interchange ) .
- 0.5 % plus 25 cents for each key and on-line transaction ( in addition to interchange ) .
Your exact costs depend both the type of transactions you process and your sales bulk. e-commerce transactions are by and large pricier than those taken in person, due to the riskier nature of accepting payments on-line. additionally, Helcim offers volume-based processing discounts, therefore as your sales volume increases, your cost margin decreases.
Helcim offers a mobile card reader, which costs $ 109 and includes a free countertop stand. You can besides add an optional thermal printer for $ 79. If you ‘d like to use extra POS hardware ( like a cash drawer or barcode scanner ), you can purchase these from third-party sellers, and you may be even able to use hardware you already own.
Helcim does not charge many of the distinctive fees associated with merchant service providers, and it ‘s crystalline about the few fees it does charge :
- For each transaction with non-sufficient funds, the fee is $ 25 .
- Any returned or rejected ACH or EFT/PAD transactions are charged a $ 5 fee .
- If you have a chargeback, you ’ ll have to pay a $ 15 tip — but Helcim will reimburse this if you win the quarrel .
Helcim lists all its pricing information and fees on its web site, and breaks down individual process costs. Although the interchange-plus rates may not be the most low-cost for all businesses, this crystalline model is one of the best options you ’ ll get from a merchant serve supplier. additionally, PCI conformity ( which is another common monthly cost required by other providers ) is included with a Helcim merchant account.
Helcim merchant services truly is across-the-board, giving you one-key access to the resources you need to run your business. Unlike many early payment work companies, Helcim provides you with a merchant report, credit card serve, a point-of-sale system, hosted payment pages, invoicing and occupation management tools.
Potentially expensive for low-volume businesses
Helcim ’ sulfur pricing is credibly not the most cost-efficient for smaller businesses that process lower volumes each month. Smaller businesses might not need all of Helcim ‘s features and might save money by using a provider with flat-rate price, like Square.
Square: Free software option
Square offers a number of sew software options — Square Point-of-Sale, Square for Retail, Square for Restaurants and Square Appointments. You can besides order one exempt magstripe wag reviewer for processing in-person payments. You besides have the option to purchase extra hardware directly from its web site. The most basic option, Square Point-of-Sale, is free and includes inventory and employee management capabilities. All of Square ’ s credit wag process fees are flat-rate, making them more predictable and potentially more cost-efficient for low-volume businesses.
Payment Depot: Unique pricing structure
Payment Depot is a merchant bill provider that offers a kind of requital process options including a merchant account, payment gateway, virtual terminal, POS system and more. With each of its three plans you pay a monthly subscription tip, and then your work rates are calculated with a no-percentage markup model. This means you pay only the counterchange rate plus a few cents per transaction, quite than the more common model of interchange, plus an extra percentage charge and a few cents. The accurate rate over counterchange you ’ ll pay will depend on your subscription plan ( each of which has a utmost monthly process book ), but it ranges from 15 cents per transaction to seven cents per transaction.
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A version of this article was first published on Fundera, a subordinate of NerdWallet .