Plus some honorable mentions you may also want to consider:
Finding the best credit card readers is a critical step in the business process. After all, if you want to accept card payments, you need a way to take card payments. But it may not be immediately apparent which ones will best fit your business needs. So, as you review the table and comparisons below, keep in mind some of the key attributes, such as price, mobility, payment methods, and peripheral options.
Top credit card readers compared
| Our rating (out of 5) | Hardware price | In-person transaction fees | Monthly subscription fees starting at | Device type | |
|---|---|---|---|---|---|
| Square Terminal | 4.79 | $299 | 2.6% + $0.15 | $0 | Dedicated mobile (+ printer) |
| Square Register | 4.76 | $799 | 2.6% + $0.15 | $0 | Stationary register |
| Stripe Reader M2 | 4.47 | $59 | 2.7% + $0.05 | $0 | Card reader peripheral |
| Toast Go 2 | 4.42 | Call for quote | Call for quote | $0 | Dedicated mobile |
| Clover Go | 4.36 | $199 | As low as 2.6% + $0.10 | $0 for payments-only | Card reader peripheral |
| SumUp Plus | 4.15 | $54 | 2.6% + $0.10 | $0 | Card reader peripheral |
Square Terminal: Best overall card reader/smart terminal
Our rating: 4.79 out of 5
Starting strong with the only mobile card reader on this list with a printer built-in, the Square Terminal is quite the piece of hardware. It can be used as a standalone mobile POS or paired with other hardware to provide mobile card reading functionality. Either way, you will benefit from all-day battery life, Squareâs competitive in-person transaction fees, and offline mode functionality.
Why I chose Square Terminal
I chose Square Terminal because of the flexibility that it provides users, both from the device itself and from Squareâs software/processing services. The device can cover a range of POS needs all on its own, and using Square can be as cheap as $0 per month plus processing fees. Or, you can upgrade and maximize your ability to leverage other features like online transactions and digital storefronts.
Itâs not the most inexpensive option on this list, but youâd be hard-pressed to find an alternative that provides the same level of freedom and choice in how you run your business.
Pricing
- Device price: $299 (or $23/month for 12 months)
- In-person processing: 2.6% + $0.15
Monthly plans:
- Free: Pay only processing fees
- Plus: From $29, plus processing fees
- Premium: From $89+, plus processing fees
Features
- All-in-one mobile POS with all-day battery life
- Offline mode, continue accepting payments even without internet connection
- Upgrade your hardware as needed, and upgrade your subscription anytime, with no contracts
Pros and cons
| Pros | Cons |
|---|---|
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Square Register: Best countertop register
Our rating: 4.76 out of 5
The Square Register provides many of the same advantages as its mobile counterpart, as well as a dual-screen setup for a better customer experience. More peripheral options are available, making it easier to match a variety of register function needs. You can also use the Register and the Terminal in concert.
Obviously, the Square Register wonât be necessary or even preferable for teams that donât take payments at a static location. And while the Register-Terminal combo is a formidable pairing, smaller businesses may get enough benefits to justify the added price. But growing and mid-sized establishments that have one or more dedicated checkout counters (or equivalent places for transactions), the Register is basically a must.
Why I chose Square Register
With the Square Register, youâre getting most of the benefits provided by the Square Terminal without most of the drawbacks. Plus, you can grab add-on peripherals like cash drawers to further customize your setup to properly meet your needs. Itâs a pricey piece of hardware, but itâs not as costly as other popular countertop POS options (such as those available through Clover). And, with Square, the subscription costs are the same no matter the device youâre using.
Pricing
- Device costs: $799 (or $34/month for 24 months)
- In-person processing (same as above): 2.6% + $0.15
Monthly plans:
- Free: Pay only processing fees
- Plus: From $29, plus processing fees
- Premium: From $89, plus processing fees
Features
- Fully integrated dual-screen stationary POS hardware
- App marketplace facilitates a host of integrations and more specialized functions
- Accept all payment types, and let your customers see what theyâre paying while they do it
Pros and cons
| Pros | Cons |
|---|---|
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Stripe Reader M2: Best mobile card reader
Our rating: 4.47 out of 5
While Square made its name by catering to in-person sellers first before moving laterally to online transactions, Stripe is an example of the opposite. Known best for its online platforms and solutions, Stripe has since branched out to offer products to facilitate card-present transactions. In fact, though its hardware selection is limited, what it does have stands up well against the comparable products in Squareâs arsenal.
The Stripe Reader M2 is the companyâs answer to Squareâs flagship freebie, and for businesses that do a lot of online selling, itâs probably the better option.
Why I chose Stripe Reader M2
I included this product both because of the device itself and because of the advantages Stripe offers as an overall service. As hardware for card-present transactions, the Reader M2 is a solid piece of tech. Itâs compact, pairs with mobile devices easily, can be used with a dock to make it stationary, and accepts more payment types than Squareâs entry-level reader. Itâs inexpensive, boasts all-day battery life, and even features offline mode. Stripe as a service has its own advantages too.
Most small businesses that choose Square do so because itâs one of the least expensive ways to start taking card payments in person. But if you need a custom POS app, Stripe is the best alternative as it gives the perfect balance of ease of use and scalability. Stripe makes it possible for businesses to create a tailored POS app to go with the Stripe Reader M2. It even provides you with the basic app to start with. Whatâs best is that it wonât cost you anything extra to access these features and Stripeâs complete developer guide.
Related: Top 6 mobile payment methods to consider
Pricing
- Stripe Reader M2: $59
- Subscription fees: None
- In-person transaction fee: 2.7% + $0.05
- Online transaction fee: 2.9% + $0.30
- Custom pricing packages are available
Features
- Small, portable, durable, and reliable
- Takes all major forms of card payments, even contactless and digital wallets
- Battery takes roughly two hours to charge but runs for up to 42 hours
- Compatible with iOS, Android, and React Native operating systems
Pros and cons
| Pros | Cons |
|---|---|
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Toast Go 2: Best card reader for restaurants
Our rating: 4.42 out of 5
As a POS service, Toast comes with a host of tools and functions specific to the industry, including table and order management, menus, and delivery service integration. Case in point: the Toast Go 2 mobile terminal. A rugged device with robust POS and card reader capabilities, its design is a recipe for success in the food service industry.
Why I chose Toast Go 2
Toast does more than build specialized software for restaurants and food service teams. Toast Go 2, like all of its hardware, is restaurant-grade â built to withstand drops, spills, and more.
Toast Go 2 is comfortable and ergonomic: itâs light, at just over a pound, and fits easily in the hand or in an apron pocket. The battery lasts all day, and the device can be used for a variety of restaurant-specific functions, like taking patron orders and receiving alerts when meals are ready to be served.
Finally, the Toast Go 2 accepts a comprehensive variety of payment methods including swipes, taps, dips, chip insert, contactless NFC, digital wallets, and Tap to Pay.
Pricing
Transaction fees:
- Pay-as-you-go platform fee: 3.09% to 3.69% + 15 cents
- Standard Plan card-present fee: 2.49% + 15 cents
Monthly subscription plans
- Starter Kit: Starting at $0 plus processing fees
- Point of Sale: $69 to $579 plus processing fees
- Build Your Own: Custom pricing
Features
- Functionality curated for restaurants and food service businesses, including support for menus, tables, orders, delivery services, and more
- Durable hardware, so no need to be gentle with the device
- Support available around the clock, any day of the week
Pros and cons
| Pros | Cons |
|---|---|
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Clover Go: Best processor-agnostic card reader
Our rating: 4.36
Clover is a provider that offers POS hardware and software but lets you choose the merchant account and processor. In other words, this is my pick if a) you have a strong preference regarding who actually handles the money when itâs changing hands, and b) you need high-end hardware (and arenât afraid of a little sticker shock).
Clover supplies the hardware that many processors sell to their customers, and Clover Go is its entry-level card reader. It is a peripheral that pairs with smartphones and mobile devices and is comparable to the Square Reader and the Stripe Reader M2. That said, it does have a few extra aces up its sleeve.
Why I chose Clover Go
As a piece of hardware, Clover Go matches the functionality of its peers in the vertical. It takes all tender types, is compatible with both Android and iOS, and otherwise works as you might be familiar with. The secret in the sauce, as it were, is the POS software you use with it.
Because Clover focuses specifically on providing point-of-sale tools, its system is more adaptive and flexible than most. They may not be as specialized as Toast, but Clover isnât shackled to a single use case and can be leveraged for many of these specialized implementations. Beyond that, you bring your own processor, so add any perks from that to the list.
Related: 5 best credit card readers for Android
Pricing
Below are the fees if you get your Clover hardware and service directly from Fiserv. The cost and pricing scheme will vary depending on third-party resellers
Device
Monthly subscriptions
- Payments only: Free
- Essentials: $14.95
Transaction fees
Features
- Mobile reader that accepts all major tender types
- Pairs with Android and iOS devices
- Runs Cloverâs POS software, which is among the best in the industry
Pros and cons
| Pros | Cons |
|---|---|
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SumUp Plus: Best value
Our rating: 4.15
With its Plus card reader, SumUp provides reliable hardware and straightforward POS software at an inexpensive price. With reliable POS functionality, low hardware cost, no recurring monthly fees, and affordable transaction fees, the SumUp Plus is the best option for teams just getting their start or who are otherwise extremely budget-conscious.
Why I chose SumUp Plus
SumUp is an excellent value option, and its mobile card reader, SumUp Plus, is the most inexpensive 3-in-1 (swipe, chip, and contactless) card reader on our list. It syncs with your smartphone or tablet and takes payments via the SumUp App (which is free). So, with no monthly fees, no cost to use the app, and reasonable transaction fees, you could be taking payments with full POS functionality for just $54.
Even if competing offerings have more POS features or wider hardware selections, the solid performance SumUp provides at such a low entry cost is very difficult to ignore.
Pricing
- No monthly fees or contracts
- Optional POS set up from $99/month
- Purchase the SumUp Plus for just $54
- In-person transaction fee: 2.6% + $0.10
Features
- Full card reader functionality, compatible with both Android and iOS
- Low one-time cost, no monthly fees, and reasonable transaction prices
- Get everything the SumUp POS has to offer through the free app
Pros and cons
| Pros | Cons |
|---|---|
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Honorable mentions
Stripe S700 Terminal
Liked the Square Terminal, but prefer the flexibility and customization options that Stripe offers? Then consider the Stripe S700. It offers the benefits of the Square Terminal, with all the advantages of Stripeâs software and platform.
Device cost: $349
Other costs: None, just processing fees (2.7% + $0.05 per transaction)
Best for: Pairing with lower online transaction fees
PayPal Zettle
PayPal has only very recently entered the POS game. Itâs long been a player in mobile payment processing, though, so much like Stripe, it brings with it plenty of online-friendly benefits. Chief among those benefits is a very wide assortment of accepted payment options. With PayPal, you can take just about everything under the sun, from cards to digital wallets, to payment apps, to QR codes, and beyond. Optional upgrades include a barcode scanner and dock with a receipt printer. The POS software itself leaves something to be desired, though.
Device cost: $199 (basic terminal), $239 (built-in barcode scanner), $269 (with printer and dock)
Other costs: None, just processing fees (2.29% + $0.09)
Best for: Wider range of payment processing methods
Related: Can you accept credit card payments online for free?
Helcim Terminal
Helcim stands out among the processors in this list as the only one that offers interchange-plus pricing. In brief, Interchange Plus means that Helcim charges a flat margin on all transactions. Your fees will fluctuate since interchanges are highly variable, but Helcimâs cut never does. So, whereas other brands give you a flat fee to make things simple, Helcim keeps things a bit more complex so that they can minimize your per-transaction costs. Youâll pay less with them than almost anyone else (for transactions, that is). The terminal itself comes with a built-in printer like Square Terminal.
Device cost: $329, or $30/month for 12 months
Other costs: No monthly fees; interchange-plus pricing (Helcimâs margin: 0.40% + $0.08)
Best for: Lowest possible transaction rates
Chase Terminal
Chase is a major bank that also provides payment processing services. As such, itâs our recommendation for those who want everything in one bucket â hardware, POS software, processing, and banking. While itâs not as versatile with its POS solutions as the competitors in this article, Chase reduces the number of stakeholders in the payment process who get to claim a cut of your sales. And since itâs a bank, you get same-day funding at no added cost.
Device cost: $499
Other costs: No monthly fees; card-present fees are 2.6% + $0.10
Best for: Getting all your processing-related solutions from the same place
How do I choose the top credit card reader for my business?
Credit card readers cover everything from Tap to Pay to full registers, so when choosing the best option for your business, consider the following:
Price
Not every brand has a surplus of budgetary âelbow room.â Some businesses are solo professionals, side hustlers, or small outfits just getting their start, and dropping a grand on a POS register would be out of the question. For these and others like them, smaller, less expensive options will likely suit them better (at least in the short term).
On the other hand, some teams need certain functionalities that come with a bump in cost. Just to name a few, receipt printing, online ordering, and barcode scanning all tend to require peripherals or upgrades. But even if youâre prepared to spend more on what you need, thereâs no sense in spending more unless it provides added value.
Finally, all hardware aside, different POS brands have different ways of pricing out their transaction fees, and depending on where and how you do your business, that can significantly impact your operational expenses. So, youâll want to pay attention to where those fees are low, and where they spike for a given provider.
Mobility
With mobile card readers specifically, everyoneâs looking for a bit of freedom from the counter. But not everyone needs their POS to have legs. In fact, some use cases necessitate the opposite. And the more stationary the hardware is, the more options youâll have to accessorize. This is a major filter for your list. If you need something you can carry around, that will immediately disqualify some options, and vice versa.
Transaction method
Not every business needs to be equipped for every payment type, but if you need to take a type of payment, youâll need to be equipped for it. Like mobility, transaction methods are a filter in your search. Some readers are inexpensive, but can only take swipes or taps. If thatâs not covering your bases, youâll need something more capable.
Peripherals
Do you need a dedicated card reader, or will your smartphone suffice? Does the reader need to be its own mobile device, or can you just sync a reader to your phone? Do you need a handheld at all? How about a receipt printer or a cash drawer? Does it need to be all in one? Does it need a screen? A customer-facing screen? A way to accept signatures? A way to include gratuity? The list of considerations goes on.
And while some devices are compatible with multiple setups, or can be added to with ad hoc upgrades like stationary docks, etc., you likely know generally what kind of POS youâre looking for from the start.
Non-standard features
There are numerous additional and miscellaneous functions that, while not as broadly applicable, are still critical to the teams that use them. For anything outside of the more âstandardâ options discussed above, youâll want to look for or inquire about the features/add-ons/upgrades specifically. Below are some examples:
- EBT support
- Offline mode
- Afterpay
- Tips/gratuity
- Inventory management
- Online ordering
- Menus/food orders
- Table/floor management
- Delivery/logistics
- Hardware payment plans
- Impact-resistant hardware
- Online transaction support
- Loyalty program support
- Age-restricted/high-risk sales support
Methodology
I started broad, looked at the major players and frequently mentioned options in the space, and whittled things down from there. Then I graded said shortlist, and assembled the relevant info into this article.
I scored each provider based on pricing, card reader specifications, software features, and ease of use. I also paid particular attention to areas of functionality that were non-standard, if they were mentioned in the brandâs marketing as an available feature, and whether or not reviews indicated it worked as described.
My evaluation also gave heavy consideration to user experience, collecting feedback from real-life card reader users on third-party review sites and taking advantage of hands-on demos and free trials to test the system myself.
The overall result is a comprehensive picture of what a tech solution has to offer, allowing me to identify what each provider has to offer and where they stand out.
Read the full article here
