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Pros / This mobile processor deposits the money from your transactions into your account by the next business day.

Cons / Rewards cards are processed at the higher keyed-in rate.

 Verdict / CDGcommerce has one of the lowest flat rates for swiped cards, but it charges a monthly fee.

CDGcommerce offers iPhone card readers. It has been a credit card processor since 1998. It offers mobile and online processing in addition to retail credit card processing. This processor has a low swipe rate, quickly deposits your funds in your business bank account and doesn't require you to sign a long-term contract. However, it charges a higher rate for rewards cards, plus it charges a monthly fee for its services.

Your first magstripe iPhone card swiper from CDGcommerce is free; if you want extra iPhone credit card swipers you can purchase them. EMV mobile card readers aren't currently available, but CDGcommerce is developing one and will inform its merchants when its available.

CDGcommerce's rates are among the lowest we reviewed. Swiped debit and credit cards are processed at 1.70 percent with a $0.25 per-transaction fee. Rewards cards, international cards and keyed-in transactions are processed at 2.90 percent with a $0.30 per-transaction fee.

This is one of the few processors we reviewed that charges customers a monthly fee, which comes in at $10. The cdg360 protection plan is also available for purchase. It includes breach protection and other extra security features. Although this processor charges a monthly fee, you don't have to worry about reaching a monthly processing minimum or paying an annual PCI-compliance fee.

This processor only earned 75 percent on our transparency and consistency score because it doesn't post information about its terms on its website. The representatives we spoke with told us that the EMV liability shift doesn't apply to mobile card readers yet, but this isn't consistent with information we obtained from Visa, MasterCard, Discover and American Express.

Account setup is quick and easy. After applying, you can be approved and begin running transactions within an hour. Your money is deposited in your business bank account the day after the transaction is run. There is no long-term contract required to work with this company.

This iPhone card reader provider has solid customer service options, including responsive live chat, 24/7 phone support, a dedicated account rep and online information, including articles and guides. The representatives we spoke with were knowledgeable and helpful, and they were quick to follow up with us if they needed to look up an answer to our questions.

Summary

CDGcommerce offers a low, flat rate but charges a higher rate for rewards cards and international cards. It charges a monthly fee but has quick setup times and stellar customer service.

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