Let's Find The Right Credit Card Processing Service For You

Pros / In addition to being able to accept all standard credit cards, you can also accept PayPal payments.

Cons / It can take up to 72 hours to get your account approved.

 Verdict / PayPal Here has decent rates and no fees, but it's slow to set up your account and disburse your funds.

PayPal Here is the mobile processing branch of PayPal. It allows you to use your PayPal business account to accept mobile credit card payments. This processor has no fees and good processing rates but can take longer to set up and clear the account. If you have a service-oriented business, you can also use this processing service to email invoices to your customers.

When you open your account with PayPal Here, you receive a free swiper. PayPal Here also offers an EMV-ready mobile card reader that has a built-in PIN pad, but it's one of the more expensive models we saw. However, PayPal Here offers a $100 rebate if you process $3,000 or more within three months.

PayPal Here has a single flat fee of 2.70 percent on each transaction, regardless of what kind of credit or debit card your customer uses. If you accept cards before your swiper arrives, or if you need to key in a transaction, PayPal Here's rate is 3.50 percent along with a $0.15 per-transaction fee.

If you choose PayPal Here as your mobile processor, you don't have to pay any monthly fees or have a monthly minimum you need to meet. Since PayPal Here aggregates all accounts under one master merchant account, you don't have to worry about PCI compliance.

We rated all the processors we reviewed on their transparency and consistency. PayPal Here received a maximum score. It posts information about fees, pricing and terms on its website, and when our reviewers spoke to customer support representatives about rates and fees, the information was consistent.

The biggest drawback of PayPal Here is that it can take longer to set up and receive your funds than other processors. Ideally, you should be able to set up an account within one day of applying, but PayPal can take up to three days to approve your account. Once you're approved and start accepting payments, it can take between three and four days for money to be deposited into your bank account. However, if you choose to have your funds deposited into your PayPal account, the turnaround is much quicker.

PayPal Here has responsive customer service, and the reps we spoke to answered all our questions in detail, but they weren't quick to follow up. You can only email support if you have an account. PayPal Here doesn't have 24/7 phone support, nor does it provide you with a dedicated account rep.

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PayPal Here is the mobile processing branch of PayPal. It has no fees and a single flat rate. It can take longer to set up than we consider optimal. If you're using your business bank account to receive your deposits, it can take longer for your funds to be deposited than with other processors.

PayPal Here Compare Quotes