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Fattmerchant vs. Fiserv

May 20, 2022

Fattmerchant vs. Fiserv: Which is the Better Payment Processing Platform?

As technology continues to evolve, businesses need to find efficient and reliable payment processing platforms to meet their customers' needs. Fattmerchant and Fiserv are two popular payment processing solutions that offer businesses the ability to accept payments via credit card, debit card, and other electronic payment methods.

But which platform is better? In this post, we'll compare Fattmerchant and Fiserv from different angles, including pricing, features, integrations, and customer service, to help you make an informed decision.

Pricing

One of the most important considerations when it comes to payment processing is pricing. Here's a comparison between Fattmerchant and Fiserv's pricing model.

Fattmerchant Pricing

Fattmerchant offers two pricing models to its users:

  1. Membership: This model requires a monthly membership fee of $99, which gives you access to Fattmerchant's wholesale interchange pricing with no markup.

  2. Subscription: Alternatively, you can pay a monthly subscription fee of $49, which comes with slightly higher transaction fees depending on your business' size and needs.

Fiserv Pricing

Fiserv offers customized pricing plans depending on your business' needs, so it isn't as transparent as Fattmerchant's pricing model. However, you can expect to pay the following fees with Fiserv:

  • Monthly service fee: Starts at $10.

  • Payment processing fees: Between 2.9% - 3.3% + $0.15 per transaction.

Based on these pricing models, Fattmerchant may be the better choice for small to medium-sized businesses looking for a cost-effective solution, while Fiserv may be more suitable for larger businesses looking for a tailor-made payment processing solution.

Features

In terms of features, both Fattmerchant and Fiserv offer everything businesses need to manage their payment processing needs. Here are some of the essential features for each platform.

Fattmerchant Features

  • Multiple payment acceptance: Accept payments via credit card, ACH, and more.

  • Virtual terminal: Process payments via an online portal.

  • Mobile app: Make transactions on-the-go via Fattmerchant's mobile app.

  • Invoicing: Create and send invoices.

  • Point of sale (POS) integration: Accept payments via POS terminals.

Fiserv Features

  • Multiple payment acceptance: Accept payments via credit card, ACH, and more.

  • Virtual terminal: Process payments via an online portal.

  • Mobile app: Make transactions on-the-go via Fiserv's mobile app.

  • Invoicing: Create and send invoices.

  • POS integration: Accept payments via POS terminals.

  • Fraud protection: Prevent fraudulent transactions with Fiserv's fraud protection tools.

Integrations

Fattmerchant and Fiserv both offer plenty of integrations with other popular software and platforms to ensure easy management of your payment processing technology. Here are some of the most popular integrations available for each platform.

Fattmerchant Integrations

  • QuickBooks

  • Xero

  • Shopify

  • WooCommerce

  • SalesForce

Fiserv Integrations

  • Clover

  • Toast

  • Lightspeed

  • Shopify

  • WooCommerce

  • QuickBooks

Based on these integrations, it's apparent that Fiserv offers slightly more integrations than Fattmerchant, but both platforms have a range of options available to businesses.

Customer Service

Finally, let's look at the customer support offered by Fattmerchant and Fiserv. Since payment processing is core to any business, you need to be confident that the platform offers reliable customer service.

Fattmerchant Customer Service

Fattmerchant offers 24/7 email and phone support, as well as a live chat option.

Fiserv Customer Service

Fiserv offers phone, email, and chat support, as well as community forums to connect with other users.

Overall, both platforms offer decent customer service options, and businesses can reach out for support when needed.

Conclusion

In conclusion, Fattmerchant and Fiserv are both reliable payment processing platforms with their own pros and cons. Fattmerchant may be the better choice for businesses looking for an affordable payment processing solution, while Fiserv may be more suitable for larger businesses with complex payment processing needs.

We hope this comparison has helped you identify the differences between the two platforms and make an informed decision.

References

  1. "Fattmerchant." Fattmerchant.com, https://fattmerchant.com/. Accessed 20 May 2022.

  2. "Fiserv." Fiserv.com, https://www.fiserv.com/. Accessed 20 May 2022.

  3. "Fattmerchant vs. Fiserv." Capterra.com, https://www.capterra.com/payment-processing-software/compare/133391-178924/Fattmerchant-vs-Fiserv. Accessed 20 May 2022.

  4. "Fattmerchant vs. Fiserv Comparison." Merchantmaverick.com, 3 Jan. 2022, https://www.merchantmaverick.com/fattmerchant-vs-fiserv/. Accessed 20 May 2022.

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