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5 Best Mobile Credit Card Processors of 2022

Versatile card readers and competitive transaction fees can influence your pick of a mobile credit card processor.

Aug 4, 2022

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Free or inexpensive card readers, competitive pricing and device compatibility are some of the top features to consider when choosing a mobile credit card processor. Depending on your customer base, card readers that allow a range of payment options — including magstripe, chip and contactless transactions — may also influence your decision.

Here are our top picks for mobile credit card processors.

Best Mobile Credit Card Processors

Our pick for

Overall option

Square
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on Square's secure website

Square

Square

Payment processing fees

2.6% + 10¢

Monthly fee

$0

Starts at $0/month for unlimited devices and locations.

Shop now

on Square's secure website


Why we like it

Square is a strong overall choice for credit card processing because of its transparent pricing, lack of a monthly fee and free magstripe card reader. With no contract required, it’s easy to try Square before deciding to purchase additional hardware or upgrade to a plan with more features.

Pros

  • Free magstripe reader.

  • No monthly fees with the Free plan.

  • Offline mode with magstripe reader.

  • No long-term contract.

Cons

  • Offline mode not offered with chip card and contactless payments reader.

  • Phone support on weekdays only.

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Our pick for

Customer support

Clover

Clover Go

Clover

Payment processing fees

2.6% + 10¢

Monthly fee

$0

Starts at $0


Why we like it

Clover Go is similar to Square, but you will need to purchase a card reader for $49 to get started. However, the Starter plan doesn’t have a monthly fee and you’ll get 24/7 phone support when you need it.

Pros

  • No monthly fees with Starter plan.

  • You can process offline sales after you reconnect.

  • 24/7 phone support.

Cons

  • No free reader.

  • May require a contract.

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Our pick for

Card-present transaction fee rate

PayPal Zettle

PayPal

Payment processing fees

2.29% + 9¢

in-person; 3.49% + 49¢ online.

Monthly fee

$0


Why we like it

PayPal Zettle offers a low-cost card reader for $29 and also has low card-present transaction fees. There’s no monthly fee or long-term contract, plus daily support is available, including weekends.

Pros

  • No long-term contract.

  • No monthly fee.

  • Low card-present transaction fee rate.

  • Daily phone support for businesses.

Cons

  • No free reader.

  • Money transferred into your PayPal account instead of a bank account.

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Our pick for

QuickBooks loyalists

QuickBooks
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QuickBooks Payments

QuickBooks

Payment processing fees

2.4% + 25¢

in-person; 2.9% + 25¢ online.

Monthly fee

$0

QuickBooks subscription required.

Learn more

on NerdWallet's secure website


Why we like it

For QuickBooks users who have an existing account, the QuickBooks GoPayment app may be a low-cost option to consider. There’s no long-term contract and the fees for card-present transactions are similar to other competitors.

Pros

  • Convenient for QuickBooks users.

  • No monthly fee with a QuickBooks account.

  • No long-term contract.

Cons

  • QuickBooks account is required.

  • Customer support is limited to weekdays.

Read Full Review

Our pick for

All-in-one option with built-in printer

Payanywhere

Payanywhere

Payment processing fees

2.69%

in-person; 3.49% + $0.19 online.

Monthly fee

$0

in person; $20 online


Why we like it

Payanywhere offers a free card reader for magstripe and chip payments, but you can upgrade to a number of other devices including a hand-held reader with a built-in printer, touch screen and camera. There’s no monthly fee, but you may need to sign a contract.

Pros

  • Free reader option.

  • Option to enable offline transactions.

  • 24/7 customer support.

  • Same-day funding is free.

Cons

  • Contract may be required.

  • Potential termination fee.

Read Full Review

Square: Best overall option

Reader cost: Free magstripe reader or $49 for chip card and contactless payments reader.

Compatibility: Apple iOS and Android devices with Bluetooth.

POS app: Free.

Monthly fee: $0 with Free plan.

Card-present transaction fees: 2.6% plus 10 cents per transaction.

Square doesn’t require a contract, provides a free magstripe reader and offers a free plan and free POS app. You can opt to pay $49 for a chip card and contactless payments reader, and you can also upgrade to the Plus or Premium plans that start at $29 monthly if you want more advanced features. Square's mobile credit card readers can’t print receipts, but you can provide customers with a receipt through text or email. Only the free magstripe reader can handle offline transactions. Phone support is limited to weekdays from 6 a.m. to 6 p.m. Pacific time.

Clover Go: Best for customer support

Reader cost: $49 for a reader that accepts magstripe, chip and contactless payments.

Compatibility: Android and Apple iOS devices with Bluetooth.

POS app: Free.

Monthly fee: $0 with Starter plan.

Card-present transaction fees: 2.6% plus 10 cents per transaction.

Clover is a strong competitor of Square. Clover Go offers a mobile card reader at an upfront cost of $49, and it accepts payments by swipe, dip or tap. The POS app is free and the Starter plan doesn’t have a monthly fee. Phone support is available around the clock, which sets it apart from other providers. Your customers have the option to receive a receipt by text or email. However, details about product options and pricing can be hard to find on the Clover website, and you may have to sign a contract to use Clover.

PayPal Zettle: Best card-present transaction fee rate

Reader cost: $29 for the first reader that accepts magstripe, chip and contactless payments.

Compatibility: Apple iOS and Android devices with Bluetooth.

POS app: Free.

Monthly fee: No monthly fee.

Card-present transaction fees: 2.29% plus 9 cents per transaction.

PayPal Zettle offers one of the lowest card-present transaction rates at 2.29% plus 9 cents per payment. While the PayPal Zettle card reader isn’t free, your first one is relatively inexpensive at $29. Any additional card readers will cost you $79 each. You won’t be charged a monthly fee and the POS app is also free. There’s no long-term contract and daily phone support is available for businesses from 6 a.m. to 6 p.m. Pacific time. You can text or email your customers a receipt. Payment funds are transferred into your PayPal account, but you can then schedule deposits to your bank account.

QuickBooks GoPayment: Best for QuickBooks loyalists

Reader cost: $49 for the first reader that accepts magstripe, chip and contactless payments.

Compatibility: Apple iOS and Android devices with Bluetooth.

POS app: Free.

Monthly fee: No monthly fee, when you have a QuickBooks online account.

Card-present transaction fees: 2.4% plus 25 cents per transaction.

The QuickBooks GoPayment mobile app may be a convenient option for QuickBooks users. A card reader costs $49, but the POS app is free and you won’t be tied to a long-term contract. Card-present transaction fees are competitive, but QuickBooks does charge a higher transaction fee of 25 cents compared to some of the other processors we looked at. Also, if you don’t currently have a QuickBooks account, you’ll need one in order to use GoPayment. The cheapest QuickBooks plan starts at $15 for three months and then $30 after that. Customer support is limited to weekdays.

Payanywhere: Best all-in-one option with built-in printer

Reader cost: Free reader for magstripe and chip payments or $59.95 for a reader that also includes contactless payments.

Compatibility: Apple iOS and Android devices.

POS app: Free.

Monthly fee: None with credit card readers.

Card-present transaction fees: 2.69% per payment.

Payanywhere offers a free reader option that allows you to accept swipe and dip payments. If you also want to accept contactless payment, a three-in-one reader can be purchased for $59.95. The POS app is free. There aren’t monthly fees for the card readers, but monthly software fees for other devices range from $9.95 to $39.95. Payanywhere also offers a robust hand-held reader with a built-in printer, touch screen and camera at a cost of $349.95 plus $9.95 a month in software fees. If you commit to a set contract term, note that there could be a termination fee of $295 or more if you decide to cancel.

Last updated on August 4, 2022

To recap our selections...

NerdWallet's Best Mobile Credit Card Processors of 2022