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

Pros / This processor provides you with an Authorize.net payment gateway and a dedicated account representative.

Cons / It can take up to 72 hours for a new account to be approved.

 Verdict / Moolah has stellar customer service and a simple, flat rate for all transactions.

Moolah is a mobile credit card processor and iPhone card reader provider affiliated with Authorize.net, which is one of the most popular payment gateway providers in the industry. When you sign up with Moolah, you receive an Authorize.net payment gateway included with your account. This processor offers high-quality customer service and good rates and fees.

Moolah provides a free credit card reader for iPhones when you sign up for a new account. Currently, Moolah doesn't have an EMV reader available, but it's developing one. This company will notify its merchants when its EMV-compliant card readers for iPhones are available.

This processor offers a single flat rate for every transaction. The flat rate of 2.89 percent plus a $0.29 per-transaction fee applies to every type of transaction, whether it's with a debit, credit or rewards card or a keyed-in transaction. This rate is about average, though the per-transaction fee is higher than many of the other mobile processors that provide iPhone card readers in our review.

These higher per-transaction fees are balanced by the absence of other fees. There's no monthly fee or monthly minimum to meet, and you don't have to pay a PCI-compliance fee.

In our review, we rated mobile processors that offer iPhone credit card readers on their transparency and consistency. Moolah posts its rates and fees online, and this information was consistent with the rates quoted to our reviewers, but its terms are not available on its website.

Moolah's biggest disadvantage is its setup and service terms. After applying for an account, it can take up to 72 hours to be approved. Additionally, if you don't have a business website, you must send in marketing material with your application. After your account has been approved and you begin processing transactions, it can take up to three days for money to be deposited into your account. Both of these waits are longer than average compared to the other processors in our review. However, Moolah doesn't require you to sign a long-term contract, which gives you flexibility if you choose to move on to a different processor.

Moolah offers solid customer service, with 24/7 phone support and a dedicated account representative. These features are rare as most mobile processors don’t provide these services. When we spoke with Moolah representatives, our contacts were well informed and helpful, though sometimes their online responses were inconsistent. We recommend calling this company directly with your questions.


Moolah has a single flat rate for every transaction, regardless of the type of card or method of acceptance. This processor also offers high-quality customer service and doesn't require a lengthy contract. However, it can take longer for your account to be approved than several of its competitors and it may require you to submit marketing materials if you don't have a website for your business.