TopTenREVIEWS - Bronze Award - Awarded for excellence in design, usability and feature set

Leaders Merchant Services has custom-fit solutions for any business that needs to accept credit cards online or in retail locations. With Leaders, a merchant service provider and credit card processing service, you can accept all major credit cards and debit cards. With competitive rates, high approval rates, quick setup and business-specific flexibility, Leaders is a solid merchant service provider to look into for small business credit card processing. Leaders wins the Top Ten Reviews Bronze Award for credit card processing.

Leaders is confident in its service and rates. The merchant service provider guarantees that customers will save money on processing costs. If you’re already with a competing processor and Leaders can’t beat the prices, it will pay you $500.

Average Approval Rating
Compare
10/10
Flagship Merchant Services
Credit Card Processing .com
Leaders Merchant Services
National Bankcard
E Commerce Exchange
Merchant Warehouse
Chase Paymentech
Merchant One
The Transaction Group
Gotmerchant
10
10
10
9.8
9.4
9.8
9.8
9.4
8.8
8.1

Most merchant account providers are able to help potential clients who have no credit or poor credit. Leaders Merchant Services has one of the highest approval rates in the industry, accepting an average of 99% of the applications it receives. Aside from a few prohibited merchant types (adult, gambling, multi-level marketing, etc.) it’s likely that your small business can accept credit cards with Leaders.

Cost Per Month*
Compare
10/10
Flagship Merchant Services
Credit Card Processing .com
Leaders Merchant Services
National Bankcard
E Commerce Exchange
Merchant Warehouse
Chase Paymentech
Merchant One
The Transaction Group
Gotmerchant
10
10
10
10
10
9.3
9
8.8
7.5
8.1

Leaders advertises low rates, both for processing credit cards online and accepting them in-person. While the rates will vary depending on your business type, Leaders has some very competitive rates.

The payment gateway costs $8 a month and the monthly statement fee can be as low as $5. There is a reasonable $15 monthly minimum (the amount you have to process each month without paying the difference).

The credit card processing service also has competitive per-transaction rates. Card not present discount rates are 0.89% to 1.99% with a transaction fee of $0.10-0.26. Card present discount rates are 0.35%-1.58% with a transaction fee of $0.10-0.18.

Internet merchant accounts for accepting credit cards online with an eCommerce site or virtual terminal require a payment gateway. Leaders works with the industry standard payment gateway, Authorize.Net, which is a secure way to process credit cards online.

Startup Cost
Compare
10/10
Flagship Merchant Services
Credit Card Processing .com
Leaders Merchant Services
National Bankcard
E Commerce Exchange
Merchant Warehouse
Chase Paymentech
Merchant One
The Transaction Group
Gotmerchant
10
10
10
9.8
10
9.4
9.4
7.5
8.8
5

Getting started with Leaders Merchant Services is quick and inexpensive. Whereas some providers charge an application fee and a setup fee, Leaders doesn’t charge either. There are pretty much no up-front costs, so you can start accepting credit cards without a huge startup investment or initial deposit.

Account Setup Time
Compare
9.8/10
Flagship Merchant Services
Credit Card Processing .com
Leaders Merchant Services
National Bankcard
E Commerce Exchange
Merchant Warehouse
Chase Paymentech
Merchant One
The Transaction Group
Gotmerchant
10
9.8
9.8
10
7.5
9.4
10
7.5
7.5
8.1

Leaders Merchant Services aims to get you up and accepting credit cards quickly. Your application can be accepted and processed within 24 hours. After account approval you’ll have to wait a few days for the terminal or gateway access, but you can expect to be up and running in three-to-five days.

Customer Service
Compare
10/10
Flagship Merchant Services
Credit Card Processing .com
Leaders Merchant Services
National Bankcard
E Commerce Exchange
Merchant Warehouse
Chase Paymentech
Merchant One
The Transaction Group
Gotmerchant
10
9.8
10
9.8
10
9.4
7.5
9.4
8.8
8.1

This credit card processing company assigns each merchant with a personal account rep, so you can get in touch to ask questions at any time. Technical support is also available 24/7.

Leaders also does all of its own equipment programming (as opposed to contracting it out to others), which means you have one point of contact.

Internet Based Features
Compare
8.8/10
Flagship Merchant Services
Credit Card Processing .com
Leaders Merchant Services
National Bankcard
E Commerce Exchange
Merchant Warehouse
Chase Paymentech
Merchant One
The Transaction Group
Gotmerchant
10
9.8
8.8
7.5
9.4
9.4
7.5
9.4
7.5
8.1

For accepting credit cards online, Leaders uses the industry-standard Authorize.Net payment gateway. Authorize.Net is a secure payment gateway that is easy to integrate. Authorize.Net is secure and can serve as a standalone virtual terminal or in conjunction with an eCommerce shopping cart.

Credit Card Readers
Compare
8.8/10
Flagship Merchant Services
Credit Card Processing .com
Leaders Merchant Services
National Bankcard
E Commerce Exchange
Merchant Warehouse
Chase Paymentech
Merchant One
The Transaction Group
Gotmerchant
10
10
8.8
9.8
8.8
7.5
9.4
9.4
7.5
7.5

Leaders has credit card readers and terminals for sale, including retail swipers, wireless terminals, PIN pads and check readers, all from manufacturers such as Magtek, Hypercom, Nurit, Ingenico and Verifone.

Leaders Merchant Services Summary:
9.6/10

Leaders Merchant Services is a good credit card processing company to consider for your small business. The company combines good rates and fees with the flexibility of the Authorize.Net payment gateway. Setup is simple. Card-reading equipment is provided for free. Customer support including online chat is available 24/7.

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Leaders Merchant Services

Pros
Leaders has low advertised rates for credit card processing, and no startup costs.

Cons
Lowest rates may not apply to non-regulated debit cards issued by smaller banks.

The Verdict
: 9.63/10

Leaders is one of the very best credit card processing services.