BMP vs Top 8 Merchant Processors

BMP is very proud of how we stack up against our competitors. However, what makes us different is how we earn and retain our loyal customers. BMP's business model is built on a full-disclosure, consultative approach that has enabled us to maintain a 99% customer retention rate. Each of our customers is assigned a personal account manager and receives 24/7 customer service. Bottom line, you should know how your credit cards are being processed and what the costs are to process them. BMP is your friend in the confusing world of credit card processing.

Application Process
  Better Merchant Processing Merchant 1 Merchant 2 Merchant 3 Merchant 4 Merchant 5 Merchant 6 Merchant 7 Merchant 8
Average Approval Rating 99% 99% 99% 98% 95% 98% 99% 99% 98%
Account Setup Time 1-2 Days 2 Days 1 Day 2 Days 2 Days 3 Days 2 Days 1-2 Days 1 Day
Required Monthly Fees
Gateway Fee $10 $5.00 $14.95 $10.00 $15.00 $14.95 $19.95 $9.95 $10.00
Statement Fee $7.50 $7.95 $7.95 $7.50 $10.00 $5.00 $10.00 $10.00 $10.00
Monthly Minimum $20.00 $25.00 $15.00 $25.00   $25.00 $15.00 $25.00 $20.00
Transaction Fees
Average Discount Rate (internet) 2.15% 2.19% 2.14% 2.27% 2.20% 2.27% 2.19% 2.19% 2.25%
Average Discount Rate (retail) 1.69% 1.69% 1.71% 1.79% 1.75% 1.69% 1.59% 1.69% 1.69%
Transaction Fee (internet) $0.20 $0.21 $0.25 $0.24 $0.20 $0.24 $0.25 $0.25 $0.29
Transaction Fee (retail) $0.20 $0.21 $0.25 $0.24 $0.20 $0.19 $0.30 $0.25 $0.25
Address Verification Fee $0.05 $0.05 $0.00 $0.00 $0.05 $0.05 $0.05 $0.05 $0.10
Features
Virtual Terminals
Payment Gateway
Merchant Account
POS Credit Card Swiper
Clear the Account (days) 1-2 1.5 2 1-2 2 2 2 1-3 2
Offers eCheck
Shopping Cart Available
Recurring Billing
Fraud Protection
Address Verification
Real Time Processing
SSL (Secure Socket Layer)
CVV2 (three digits)
Accepted Credit Cards
Visa
MasterCard
American Express
Discover
Debit
Help / Support
Support Hours 24/7 24/7 24/7 24/7 24/7 24/7 24/7 24/7 24/7
Toll-Free Phone Number
Email
Fax

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With BMP's BEST PRICE GUARANTEE Program, you can be confident that not only are you getting the best service in the industry, but ALSO the BEST PRICE in the industry, GUARANTEED! Once you become a valued BMP client, no need to worry about missing out on the best deal because we will match any offer you receive, or pay you $100 if we cannot beat the offer.

* Offer must be in writing on proposed company letterhead to be eligible for the $100 Best Price Guarantee offer.

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