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The Top 7 Payment Processors in the U.S. for 2025: Why Dual Payments is #1

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The Top 7 Payment Processors in the U.S. for 2025: Why Dual Payments is #1

Choosing the right payment processor is a crucial decision for any business. With numerous options available, it can be challenging to determine which provider offers the best combination of reliability, affordability, and customer service. In this article, we’ll rank the top payment processors in the country, examining their features, benefits, and drawbacks. At the top of our list is Dual Payments, a company that consistently outperforms competitors in delivering exceptional value to businesses of all sizes.

1. Dual Payments: The Best Choice for Businesses

Dual Payments takes the crown as the leading payment processor in the U.S. for several compelling reasons. This company is renowned for its commitment to transparency, innovative technology, and outstanding customer support. Whether you’re a small business owner or managing a large enterprise, Dual Payments offers solutions tailored to your needs.

Key Features of Dual Payments:

  • Zero-Fee Cash Discounting and Surcharging: Dual Payments specializes in programs that help businesses eliminate processing fees by offering cash discounts or passing fees to credit card users.
  • Transparent Pricing: Say goodbye to hidden fees and confusing statements. Dual Payments provides straightforward, easy-to-understand pricing.
  • Advanced Security: Protect your business and customers with state-of-the-art encryption, fraud detection, and PCI compliance.
  • Custom Solutions: Dual Payments offers tailored services for various industries, including retail, e-commerce, hospitality, and healthcare.
  • Exceptional Support: With 24/7 customer service and dedicated account managers, Dual Payments ensures you’re never left in the dark.

Why Businesses Choose Dual Payments:

  • Significant cost savings with zero-fee programs
  • Seamless integration with existing systems
  • Industry-specific solutions
  • A focus on compliance and innovation

Dual Payments goes above and beyond to help businesses succeed, making it the top choice for payment processing.

2. Square: The Leader in Small Business Solutions

Square is a popular choice for small businesses, thanks to its user-friendly interface and all-in-one solutions. It’s particularly well-suited for startups and businesses with lower transaction volumes.

Key Features of Square:

  • Easy Setup: Square’s plug-and-play devices make it simple to start accepting payments.
  • Versatile Point of Sale (POS) Systems: Manage sales, inventory, and customer data with Square’s robust POS solutions.
  • Transparent Pricing: Flat-rate pricing makes it easy to understand your costs.

Drawbacks:

  • Higher transaction fees compared to other processors
  • Limited scalability for larger businesses
  • Customer support can be slow during peak times

While Square is an excellent choice for small businesses, it may not be the best fit for larger enterprises or those seeking advanced customization.

3. PayPal: A Trusted Name in Digital Payments

PayPal is a household name in payment processing, offering a trusted platform for both online and in-person transactions. It’s particularly popular among e-commerce businesses.

Key Features of PayPal:

  • Global Reach: Accept payments from customers in over 200 countries.
  • Flexible Payment Options: Customers can pay via PayPal balance, credit cards, or bank transfers.
  • Buyer and Seller Protection: Both parties are safeguarded against fraud and disputes.

Drawbacks:

  • Higher fees for international transactions
  • Limited customer support options
  • Account holds and freezes can occur unexpectedly

PayPal’s reputation and ease of use make it a strong contender, but its fees and potential account issues can be a drawback for some businesses.

4. Stripe: A Developer-Friendly Platform

Stripe is a favorite among tech-savvy businesses and developers, offering a highly customizable platform for online payments. It’s ideal for companies that require complex payment solutions.

Key Features of Stripe:

  • Advanced APIs: Build custom payment workflows and integrations.
  • Global Capabilities: Accept payments in multiple currencies and countries.
  • Subscription Management: Ideal for businesses with recurring revenue models.

Drawbacks:

  • Requires technical expertise for setup and customization
  • Higher fees for certain features
  • Limited in-person payment options

Stripe is a powerful tool for online businesses, but its complexity and cost may not suit every business model.

5. Clover: Versatile Hardware and Software Solutions

Clover offers a comprehensive suite of payment processing hardware and software, making it a great choice for businesses that value flexibility and integration.

Key Features of Clover:

  • Customizable POS Systems: Choose from a variety of hardware options to fit your needs.
  • App Marketplace: Access a wide range of apps to enhance functionality.
  • Robust Reporting Tools: Gain insights into sales and customer behavior.

Drawbacks:

  • Higher upfront costs for hardware
  • Limited third-party integrations
  • Pricing varies depending on the reseller

Clover is an excellent option for businesses that prioritize flexibility and detailed reporting but may not be the most cost-effective choice.

6. Fiserv (First Data): A Legacy Provider with Broad Reach

Fiserv, formerly known as First Data, is a longstanding player in the payment processing industry. It’s a reliable choice for businesses seeking a traditional provider.

Key Features of Fiserv:

  • Extensive Network: Trusted by businesses of all sizes across various industries.
  • Secure Transactions: Advanced fraud detection and data encryption.
  • Comprehensive Solutions: Offers everything from POS systems to e-commerce tools.

Drawbacks:

  • Complex pricing structure with potential hidden fees
  • Long-term contracts with early termination fees
  • Customer service can be inconsistent

Fiserv’s experience and range of services are appealing, but its pricing model and contracts may deter some businesses.

7. Toast: Designed for the Restaurant Industry

Toast is a specialized payment processor tailored to the needs of restaurants and foodservice businesses. Its features are specifically designed to improve efficiency in this fast-paced industry.

Key Features of Toast:

  • Industry-Specific Tools: Manage orders, tables, and menus with ease.
  • Integrated Hardware: Durable devices built for restaurant environments.
  • Real-Time Insights: Monitor sales, inventory, and labor costs.

Drawbacks:

  • Limited versatility for non-restaurant businesses
  • High hardware costs
  • Fees can add up for smaller establishments

For restaurants, Toast is a top choice, but its narrow focus limits its appeal for other industries.

Dual Payments Leads the Pack

While each payment processor on this list offers unique advantages, Dual Payments stands out as the best choice for businesses across the U.S. With its transparent pricing, innovative technology, and exceptional customer support, Dual Payments provides unparalleled value. Whether you’re looking to implement zero-fee cash discounting, enhance security, or streamline operations, Dual Payments is the partner you can trust.

Make the switch to Dual Payments today and experience the difference for yourself. Contact us to learn more about our services and discover why we’re the #1 payment processor in the country.

Ready to Transform Your Payment Processing?

Don’t settle for less when it comes to your business’s payment processing. Dual Payments is here to provide you with the tools, support, and innovation you need to succeed. Contact us today to schedule a demo or speak with one of our experts. Let’s take your business to the next level together!

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Example of High Risk Merchants

  • 1-900 Phone companies – If you’re the type of company that charges people to have a chat on the phone, you’ll be considered high risk.
  • Adult Bookstores – Clearly a part of the adult entertainment industry, and an easy mark for the high risk tag.
  • Adult Entertainment – Any business labeled with the “adult” descriptor will automatically be assigned a high risk status.
  • Adult Toys – As “adult” is in the name, it’s an easy target for association with the adult entertainment market.
  • Airline Industry – Due to cancellations on high ticket purchases, this will put your airline company in the high risk category
  • Amazon Stores – By having a high rate of return, Amazon stores are seen as high risk.
  • Ammo Sales – Association with the weapons industry guarantees high risk status.
  • Annual Contracts – Any time an annual contract is involved it can be considered highrisk because most consumers forget they signed up and chance of chargeback can be high.
  • Antiques – With a high average ticket per item, antiques are considered a risky merchant type.
  • Astrology – The study of the celestial bodies and the influence on human affairs can be a chargeback target if customers feel like they aren’t getting the answers they want.
  • Auctions – Because of the nature of bidding on a product and not having a set price the risk level goes up.
  • Autographed Collectables – There is almost always a question as to whether an autograph is authentic, and therefore chargebacks are much higher in this industry.
  • Automotive Brokers – Brokers of automobiles have a very high average ticket are are therefore of higher risk.
  • Bankruptcy Attorneys – Since the people who are working with bankruptcy attorneys are usually in financial trouble, the odds that a payment would be charged back is higher.
  • Betting Services – In many states betting is illegal but for the legal states betting with a credit card has huge chargeback implications.
  • Brokering – When a third party is involved with selling a product the risk level goes up ten fold.
  • Business Loans (Merchant Cash Advances) – Loaning money is always risky, but with business loans and startup lending, high risk is present by the nature of the business.
  • Casino – Just like a betting service, if a customer gambles with their credit card the chargeback rate sky rockets.
  • CBD Products – CBD itself poses high chargebacks because of the legitimacy of the product and the health benefits promised.
  • CBD E commerce – CBD E Commerce has twice the charge back of retail CBD because many consumers don’t feel like the product they receive gives them the benefits promised.
  • Check Cashing (Check Processing) – The level of fraud in check cashing and cash advances is what gives this industry a higher risk consideration.
  • Cigarettes – With higher levels of risk for theft and criminal activity, cigarette sales are deemed high risk.
  • Collection Agencies (Collection Agency) – Many banks see collections as an unsustainable business model that is many times unreliable.
  • Collectible Coins – A higher level of chargeback in this industry gives it a high risk tag.
  • Collectible Currency – Due to the level of inauthentic collectibles, the risk of chargebacks are much higher with collectibles.
  • Copyrighted eBooks – When someone sells something copyrighted without permission many legal issues can arise.
  • Coupon Programs – With many coupon programs the coupons expire and once they expire the consumer wants the money back they spend.
  • Credit Counseling – Due to their clients usually being in financial problems, this industry is fraught with non-payment and fraud.
  • Credit Protection – Most people that need credit protection are bad with money so chargebacks abound.
  • Credit Repair – If a consumer needs credit repair then chances are they are a high risk for chargebacks.
  • Currency Sales – Many businesses that exchange currency do it at incorrect rates hence more chargebacks.
  • Dating Services – Dating is a volatile industry, and is also lumped in with the adult entertainment industry, making it a high risk account.
  • Debt Collection Services – As the collection of debt isn’t always possible, this industry retains the tag of risky.
  • Debt Consolidation Services (Debt Consolidators) – Consolidating debt is a challenging business and as debt is usually the problem, it’s seen as unsecure from a payment perspective.
  • Debt Repair Services – Since the clients of debt repair services are usually having financial challenges, it makes this industry seem a higher risk.
  • Discount Health Programs – Many people don’t feel they are really getting a discount so they try to get their money back and if they don’t the chargebacks sky rocket.
  • Discount Medical Care Programs – Just like the discount health programs if they don’t save the consumer wants their money back.
  • Drug Paraphernalia – Anything that is associated with the drug trade is considered high risk. Offshore merchant accounts are commonly used for this type of business.
  • E Commerce – As the source of the payment is unverifiable at the point of sale, any transaction without the card present has a higher risk of credit card fraud.
  • Ebay Stores – Many people sell items that aren’t as described so chargebacks can be an issue.
  • Electronic cigarettes – much like traditional cigarettes, e-cigarette sales are also deemed high risk.
  • Electronics – This industry has a much higher ticket compared with many other businesses. A chargeback for a $3,000 tv or two and your account can be in jeopardy rather quickly.
  • Escort Services – This is deemed a part of the adult entertainment industry and therefore needs a high risk merchant account and payment solution.
  • Event Ticket Brokers – If a customer buys a ticket and doesn’t use it they feel like they can charge the transaction back.
  • Extended Warranty Companies – Warranties are rarely used so people try to charge back the money that has been spent paying for them.
  • Federal Firearms License Dealers – Any organization associated with guns or firearms is automatically considered in this category.
  • Fantasy Sports Websites – Just like gambling, if a person starts to lose too often they try and charge back the transaction.
  • Finance Brokers – The entire financing industry is risky. By simply extending credit to other individuals, this business is betting that a majority of them will actually pay what they say they will.
  • Financial Advising/Consulting – The high risk tag on financial advisors isn’t about the advisors or their firm. It’s about the clientele and their current circumstances.
  • Financial Loan Modification Services – Due to a clientele in financial struggles, the high risk term is applied to any payments in this industry.
  • Financial Planning – Anything that includes risk for the consumer can have consumer implications with chargebacks.
  • Financial Strategy – Another risk and reward category, if money is lost, consumers try charging back making this a high risk industry.
  • Fortune Tellers – When a person doesn’t hear what they want to hear, or what is told doesn’t happen, the fortune teller can receive huge chargebacks.
  • Furniture Sellers – High risk only when its custom furniture.
  • Gambling – If money is lost the chargebacks rise.
  • Gaming – Chargeback levels skyrocket when consumers don’t win.
  • Get Rich Quick Programs – It’s rather common in this industry for an individual to purchase the training and then chargeback their purchase saying it didn’t deliver on what was promised.
  • Google Stores – With a high rate of return on their items, Google stores are considered high risk.
  • Gun Sales (Firearm Sales) – The gun and projectile industry is automatically associated with high risk credit card processing.
  • High Average Ticket Sales – With any high average ticket, just a couple of chargebacks can mean a massive shift in how risky the account is deemed by the processor.
  • Home/Vacation Rentals – Many issues with chargebacks can take place if the consumer decides not to travel.
  • Horoscopes – Many people believe this is hocum so will chargeback transactions.
  • How To Programs – A common practice in this industry is to purchase the program and charge it back with the description that it didn’t deliver what it promised.
  • Hypnotists – Many merchants will charge back these transactions if results they hoped for were not met.
  • Import/Export Business – Another example of taking goods over country borders which automatically brings in additional risk to any processing account.
  • Indirect Financial Consulting – When using a third party to consult, the high risk status gives the processor fraud protection.
  • International Cargo – Any time you introduce a multi-country element to credit card processing, the ability for fraud to be introduced skyrockets.
  • International Merchants operating in the US – Since the merchant isn’t operating from the United States, there are many unknowns about what is happening on the other side of their business, thus increasing the risk.
  • International Shipping – Transporting goods between countries is risky and introduces all sorts of elements to the financial stability of any transaction.
  • Investment Books – consumers get upset if the investor isn’t right which can lead to chargebacks.
  • Investment Firms – As investments are never a “sure thing” this is considered a risky industry for having a merchant account.
  • Investment Strategy – Anything with future promises can lead to chargeback.
  • Knife Sales – weapons of any kind are automatically given high risk status.
  • Kratom E Commerce – Accepting payments online is high risk, and Kratom is a substance in the health and wellness industry, which is also considered high risk.
  • Life Coaching – With no tangible goods involved in the transaction, life coaching is considered high risk.
  • Lingerie Businesses – Associated with the adult entertainment industry, chargebacks abound.
  • Lotteries – In most states you can buy lottery tickets with a credit card but if you’re allowed to and the ticket is not a winner, consumers try to chargeback the transactions.
  • Magazine Sales – Many magazine sales are recurring subscriptions, which can have issues with chargebacks.
  • Magazine Subscriptions – Same as magazine sales chargebacks can be huge when a recurring subscription happens. (often referred to as recurring billing.)
  • Mail Order Companies – When something is ordered through the mail chargeback risk can go up.
  • Marijuana Dispensaries – As marijuana isn’t a legal substance in every state, this is considered high risk due to the legality of the product. Cannabis credit card processing is available through Shift Processing.
  • Matchmaking Services – Another branch of the dating tree, and often associated with the adult entertainment industry.
  • Medical Devices – If a medical device doesn’t do what’s promised the purchaser may chargeback the transaction.
  • Membership Organizations – This is another instance of where the transactions don’t have any tangible product and are easily charged back to the merchant account.
  • Merchants on the MATCH list – If you are a merchant who has been reported to the MATCH list (Member Alert to Control High Risk Merchants) or the TMF (Terminated Merchant File) you are given high risk status.
  • Merchants with Poor Credit – Merchant accounts are given based on the credit score of the business owner. It’s assumed that the business owner is going to be making the financial decisions for the business, and a poor credit score reflects on the viability of any business transactions.
  • Modeling Agencies – At many agencies models are promised the world and it doesn’t happen. The consumer then wants their money back.
  • Movie Downloads – Transference of a digital product is considered of higher risk. Also, rarely is a physical card present at time of purchase.
  • Multilevel Marketing Sales – Often associated with pyramid schemes, MLM sales are considered a risky business.
  • Music Downloads – Purchasing any digital product is considered to be of higher risk than a physical transaction. Most of the time the card is not present in a digital transaction using a shopping cart.
  • Not A US Citizen Doing Business In The US – It’s possible to get a merchant account without a US social security number, but not having a SSN will increase the risk the processor will have in issuing a merchant account for your business.
  • Online Adult Membership Sites – If you’re running a website that is adult themed and requires payment for access, this is a highly volatile account and definitely high risk.
  • Offshore Corporations (Offshore Merchants) – The international element is what gives the high risk tag when looking for domestic merchant accounts.
  • Online Gambling (Online Gaming) – Without a card being present and gambling as the activity, there are two reasons why this would be on this list. Online payment alone is risky even without the gambling element.
  • Overseas Exporting Services – The introduction of the international element is what gains access to this list.
  • Pawn Shops – There’s a general stigma that goes along with pawn shops, and it’s reflected in their assignment to the high risk processors list.
  • Penny Auction Sites – Even though the customers are usually bidding at only a penny more per bid, users will commonly charge back the transaction when they don’t win.
  • Pepper Spray – Considered a type of weapon, pepper spray vendors are considered risky.
  • Points Programs – Points programs that cost money can cause chargeback issues if points are not used.
  • Pornographic Merchants – If you’re a part of the adult entertainment industry in any way, you’re considered high risk.
  • Precious Metals – Counterfeit metals can be a problem in this industry, making it more risky to accept payments for.
  • Prepaid Calling Cards – Anything prepaid that a consumer may not use increases chargeback issues.
  • Prepaid Debit Cards – When they expire or are lost consumers want their money back.
  • Psychic Services – “Honey, did you visit a psychic? No babe, I don’t remember visiting a psychic.” I’ll just reverse that charge then.
  • Real Estate – A common target for scams and identity theft is how real estate makes this list.
  • Replica Products (Watches, Handbags, Wallets, Sunglasses, Etc…) – As the product being sold isn’t authentic to the original manufacturer, the percentage of requests for refund is much higher than a traditional merchant.
  • Rewards Programs – If rewards are not spent, the consumer wants the money back.
  • Self-Defense – Since the payment provided is for instruction and not a physical product, the self-defense industry makes this list.
  • Self-Hypnosis Services – Yet another instance where the goods being transferred are of a service and not a physical product.
  • SEO Services – With a high rate of request for refund, SEO agencies make this list.
  • Social Networking Sites – Just like a dating site, if a consumer does not get what they want from it, they always like to chargeback.
  • Software Downloads – The software industry makes their way on to this list because of the digital nature of the goods being sold.
  • Sports Forecasting – An example of paying for information and not for a product, and usually not in person where the card would be present for the transaction.
  • Startups – Every startup is considered risky, and the percentage of startups that make it is quite small compared to the number that fail.
  • Student Loans – With the cost of a college education continually on the rise, so is the percentage of loans that default and never receive payment.
  • Strip Clubs – Associated with the adult entertainment industry gains the strip club access to this list.
  • Stun Gun Sales – considered a type of weapon, which makes it a high risk merchant.
  • Supplement Sales – The request for refund in this industry is quite high due to the nature of the product.
  • Sweepstakes – “Hey, I entered a sweepstake and I didn’t win. I’d like my money back please.”
  • Talent Agencies – “I paid thousands of dollars for headshots and glamorous outfits and I haven’t gotten any paid gigs. Pay me back my money please.”
  • Telemarketing Services – Telemarketing services many times do not have the results the purchaser would like to see, so the services are charged back.
  • Telephone Order Sales – Anything ordered over the phone has a increased risk of chargeback.
  • Timeshare Companies – When timeshares aren’t used, people want their money back.
  • Travel Agencies – If trips are not taken, consumers would like their funds returned.
  • Travel Clubs – Many travel club discounts aren’t what they were promised, increasing risk for chargebacks.
  • Vacation Rental Brokers – Third party brokers on prepaid vacation can have issues when customers cancel their trips.
  • Vape Shops – The level of criminal activity and theft is higher with vape shop merchants and therefore carries a high risk label.
  • Vitamin Sales – If the vitamins don’t provide the results the merchant would like to see they chargeback the transactions.
  • Web Designer – Because this service is prone to chargebacks, it has been classified as high risk.
  • Weight Loss – Considered risky because the results aren’t really up to the company, but rather the individual has to stick to the plan to get results, often resulting in chargebacks.
  • Yahoo Stores – Since the goods sold through Yahoo can easily be returned, they are considered a risky merchant.

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