Of all the things you had to consider when launching your business, the way you process your clients’ payments might not have topped your list.

First, you had to nail booking appointments and offering a service that delivers on your promise to clients.

In all that excitement, though, did you consider how in-person and online payment processing fees would impact your bottom line?

That’s an especially important topic to consider as you think about your business plans for the year.

Schedulicity’s goal as a leading online scheduling platform is to make managing your business’ time and expenses convenient and cost-effective. We realized that while there are a lot of platforms that offer payment processing for small businesses, they’re often overpriced — which can take a huge toll on a small business. So we set out to create the cheapest credit card processing in the business. 

You can now process client payments — in addition to managing your online booking — with Schedulicity’s built-in payment processor, which is free if you sign up for our Unlimited Plan and are approved for payment processing.

Before we dive into the most common ways to accept credit cards, let’s just get this out of the way. Schedulicity offers the lowest credit card transaction fees in the industry: one flat rate of 2.5% + 15¢ for every type of transaction (card dip, swipe, or tap, e-commerce or keyed-in transactions.)

And… Schedulicity offers payment by text, so you can simply text your clients the bill, and they can pay from their own phone!

It’s not just convenient; it’s the cheapest way for small businesses to accept credit cards online and in-person.


Send the bill straight to your client’s phone with Norm by Schedulicity. Ditch the card reader, speed through payment, and bump up tips. Available now on Schedulicity.

Learn more about Norm

In this article:

  • How to compare credit card processing rates
  • The cheapest payment processors and their fees (for 2022)
  • How we stack up

How Do You Compare Payment Processing Rates?

To find a payment processor that meets the needs of your small business, you’ll need to do an online payment processing services comparison. Doing that legwork can get confusing because different processors offer different rates — and what they offer isn’t always what it seems.

For example, one payment service might offer lower-than-average rates for each card dip, swipe, or tap. If you’re strictly an online business, though, the low rate for card swipes won’t offset the much higher rate for keyed-in transactions.

For some payment services, rates can change even further depending on the type of card a customer uses. It’s common to pay higher rates for transactions that involve rewards, prepaid, or private-label cards instead of major credit or debit cards.

With all those variables, how can you effectively compare the rates that matter most to you and be sure you’re choosing the right and cheapest payment processor for your needs?

Don’t worry. We’ve got you covered.

Cheapest Ways to Accept Credit Card Payments: A Comparison

As more clients turn to credit cards, the more convoluted some processing services make their payment structures. Some are tiered and confusing, and others are competitive but come with monthly subscription fees. Many leading payment processing services are either more expensive or too complicated to fit most small businesses.

To help you start sorting all this out, here’s a comparison of common online payment processing services, organized from cheapest credit card processing rates (ahem, us) to most expensive.

Cheapest Payment Processors by Rate

  • Schedulicity: 2.5% + 15¢ for credit card dips, swipes, or taps, e-commerce, keyed-in transactions, and pay-by-text.
  • Square: 2.6% + $0.10 for credit card dips, swipes, or taps. 2.9% + $0.30 for e-commerce. 3.5% + $0.15 for keyed-in transactions.
  • PayPal: Between 2.7%-2.9%, but also requires a partnership with an additional point-of-sale system
  • Mindbody: 2.75% (qualified), 3.5% + $0.15 (non-qualified) and a $15 monthly minimum fee applies if you process less than $550/month
  • Vagaro: 2.75% for “small businesses”, i.e. any business processing less than $4,000 per month
  • Stripe: Flat rate of 2.9% + 30¢ on all types of transactions
  • Shopify: Varying rates and a monthly fee ranging from $29 to $299
Chart of the cheapest payment processors in 2022

If you’d like to compare more details regarding the cheapest payment processors, take a look at our in-depth credit card payment procesing comparison chart.

How Else Does Schedulicity Pay Compare With Other Payment Processors?

Schedulicity’s built-in payment processing is designed to take the complexity out of payment processing services and offer the most affordable rates, with easy-to-understand statements that make bookkeeping much simpler.

Besides offering those simple flat rates above:

  • No contracts, no hidden fees
  • There’s no additional software or subscription to purchase if you’re already using our Unlimited Bookings Plus add-on
  • We send everyone a free credit card processing device of their choice
  • Unlike some of our competitors, we have a full-time Support team (we call them the Schedulicity Rockstars) to help you work through any issues
  • You’ll receive daily deposit emails and have access to detailed online reporting
  • Credit card processing that’s built right into your online scheduling tool means clients can book with you, buy packages or products, and check out in one go

Keeping it simple and transparent means that you’ll have a better idea of what you’ll see on your statement each month. Because we don’t want to just be the cheapest payment processing out there — we want you to love the experience, too.

Now that you know how the options stack up, you can use this information to find the cheapest way for small businesses to accept credit cards. If you’re sold on Schedulicity, we don’t blame you. You can start accepting payments today by signing up for Schedulicity’s Unlimited Plan.

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