Entrepreneurship & Small Business

Merchant services recommendation

  • Last Updated:
  • May 25th, 2021 7:41 pm
[OP]
Sr. Member
Apr 5, 2017
751 posts
189 upvotes

Merchant services recommendation

Among all these merchant services (Chase, Clover, Moneris, Evalon, Square etc.) which one is value for money & less headache for business owners ?
11 replies
Member
Feb 18, 2014
292 posts
70 upvotes
Depends. If your volume is very small (less than 3k credit / month), Square is your best bet as there are no monthly fees. Once you are over that threshold, the other providers are the ones you should consider. I’m a BIG fan of Clover (I resell that, as well as Elavon) as it’s cutting edge, cost effective and has excellent service.
[OP]
Sr. Member
Apr 5, 2017
751 posts
189 upvotes
gamechanger wrote: Depends. If your volume is very small (less than 3k credit / month), Square is your best bet as there are no monthly fees. Once you are over that threshold, the other providers are the ones you should consider. I’m a BIG fan of Clover (I resell that, as well as Elavon) as it’s cutting edge, cost effective and has excellent service.
Among Clover Vs Elavon, which one you recommend. Once business picks up turn over will be more than $10-20 K in a month.
Member
Feb 18, 2014
292 posts
70 upvotes
MK1986 wrote: Among Clover Vs Elavon, which one you recommend. Once business picks up turn over will be more than $10-20 K in a month.
Clover has the ability to turn the SIM on and off, which saves you money. As well, they have on site service, whereas Elavon does not. For these reasons, I would recommend Clover / First Data over Elavon
Sr. Member
User avatar
Jan 13, 2005
931 posts
389 upvotes
Toronto, ON
Square for smaller volume.
Clover or Moneris for larger businesses,
Stay away from Evalon,
[OP]
Sr. Member
Apr 5, 2017
751 posts
189 upvotes
iverson wrote: Square for smaller volume.
Clover or Moneris for larger businesses,
Stay away from Evalon,
Thanks, Any bad experience with Evlaon ?
Sr. Member
User avatar
Jan 13, 2005
931 posts
389 upvotes
Toronto, ON
MK1986 wrote: Thanks, Any bad experience with Evlaon ?
I have not used them but I heard their cancellation fees are quite high.

I'm currently using Square and been happy so far but my volumes are low.
Member
Feb 18, 2014
292 posts
70 upvotes
iverson wrote: I have not used them but I heard their cancellation fees are quite high.

I'm currently using Square and been happy so far but my volumes are low.
Elavon does not have a cancellation fee.
[OP]
Sr. Member
Apr 5, 2017
751 posts
189 upvotes
If Clover/First data & TD give you same pricing & contract , who is the better option ?
Member
Feb 18, 2014
292 posts
70 upvotes
MK1986 wrote: If Clover/First data & TD give you same pricing & contract , who is the better option ?
Clover terminal is far superior. If you bank with TD, the money may be in your account quicker than Clover. TD is typically more expensive and has additional fees such as batch close, PCI, admin.

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