Editor's note: Leaders Merchant Services has updated its pricing structure and we will evaluate, rank and review the modifications when we next update the Credit Card Processing reviews.

Leaders Merchant Services is a great credit card processing company that offers some of the industry's lowest rates for swiped and keyed-in transactions and per-transaction fees. Its price structure is particularly attractive if a majority of the transactions you run are small-ticket debit card purchases. Leaders Merchant Services is so confident in its pricing, it will provide you with a cost comparison against your current credit card processor using your last two months of statements. If the company can't save you money on your combined processing fees, it will pay you $500.

Leaders Merchant Services approves an impressive 99 percent of the applicants who apply for merchant accounts. After it approves your application, it sets up your account quickly and can have you accepting credit card payments in just one day. Plus, there is no setup fee. You do have to sign a contract that carries an early termination penalty when you sign up with this credit card company, but in return, you get high-quality equipment and software such as a VeriFone terminal that supports EMV technology and can be upgraded to accept NFC payments. You can also get a free mobile credit card reader if you want to accept credit card payments using your smartphone or tablet.

This credit card processing company is fully compliant with security standards established by the Payment Card Industry (PCI), including end-to-end secure socket layer encryption, address verification and card verification value (CVV2) authentication. These security measures protect you and your customers from credit card fraud and help you avoid fees assessed on merchants that are not PCI compliant. It works with the popular Authorize.net payment gateway, which also allows you to accept credit cards online with a virtual terminal or using an eCommerce shopping cart.

Leaders Merchant Services deposits transaction payments into your bank account quickly, as it clears the account in just one day. This is on par with the best credit card processing companies. In addition to processing credit cards, Leaders Merchant Services also offers other financial solutions for small businesses, including check guarantee services, business cash advances and loans.

With your merchant account from Leaders Merchant Services, you can accept credit card payments made using all major credit and debit cards. You'll also be able to accept payments made using EMV smartcards or chip cards, as well as payments made using NFC technology like Softcard, Google Wallet and Apple Pay.

Customer service is a critical component of credit card processing companies, and Leaders Merchant Services shines in this category. Like many of the best credit card processors, it provides training to help you learn how to use your credit card processing equipment and assigns a dedicated account rep to you so that you have a main point of contact you can call directly. Additionally, Leaders Merchant Services will proactively contact you every other month to make sure you're happy with the service you're receiving.

Leaders Merchant Services Summary:

Leaders Merchant Services is an impressive credit card processing company that offers proactive customer service, free high-quality equipment and some of the best pricing around. It’s a great choice if you want great pricing and don't mind signing a contract.


Leaders Merchant Services

Leaders Merchant Services offers some of the best pricing around, particularly for small debit card transactions.

Leaders Merchant Services requires a three-year contract with a substantial penalty for early termination.

The Verdict:

Leaders Merchant Services is a great value for your credit card processing needs. It offers low pricing, free equipment and proactive customer service.