Fattmerchant partners with small businesses in order to help them process their credit card payments. It’s a subscription-based, flat-rate, merchant account provider. And compared to other services and providers, Fattmerchant subscribers pay interchange plus zero.
Not only that, Fattmerchant subscribers also receive a personal account manager as well as access to a customer success team at no additional cost. Fattmerchant has features such as custom-reporting, statements, invoicing, and inventory.
Continue reading our review for Fattmerchant’s services to see how it compares to other providers, so you can make the most informed decision about what is best for you and your business.
Fattmerchant Summary
| Merchant Solutions | Card present payments eCommerce Mobile payments Online invoicing Business analytics QuickBooks integration Developer API |
| Hardware | EMV terminals Mobile card readers |
| Type of Processing Fee | Interchange-plus |
| Credit Cards Accepted | Visa Mastercard American Express Discover JCB Dining EBT Health Flex Wex Voyager |
| Payout Availability | Guaranteed next day |
| Contract | Month-to-month |
| Early Termination Fee | No ETF |
Fattmerchant Features
Fattmerchant offers a variety of different payment solutions that allows their users to receive and process credit card payments.
The EMV Terminal is for in-person payments and it provides secure physical terminals that businesses can use for their customers to utilize and accept payments.
The shopping cart service is designed for Fattmerchant’s ecommerce business. It allows users to receive secure online payments while simultaneously storing sensitive data in compliance with PCI standards.
The Fattmerchant virtual terminal allows to accept payments on any device with their platform. The virtual terminal includes online invoicing, allowing you to send a one-time invoice or schedule recurring ones
In addition to that, it also offers customer management tools key-in functionally hosted payments, catalog and industry tracking, as well as receipt and notification capabilities.
Fattmerchant’s mobile service allows businesses to accept, track, and manage payments through either their Android or iOS app. Providing their users to delegate important tasks and manage it all in one place.
In the app itself, you receive cash payment tracking, invoice tracking, inventory and catalog management, catalog grid view, barcode scanning, and key-in functionality.
With this subscription, developers can access the tools to build and customize a unique payment process solution for your businesses’ app, website, software, or hardware.
This solution can come complete with customer management, inventory tracking, invoicing, recurring billing, and more.
Fattmerchant Subscription & Pricing
Fattmerchant offers a subscription model for pricing. Every subscription gives you access to the direct cost of interchange as well as a number of included features. The cost per transaction differs based on which option you’ve subscribed too.
There are two subscription levels: starter and enterprise, and these are based on how much money your business processes annually.
| Starter Platform | Enterprise Platform |
| Processing volume: less than $500,000 annually | Processing volume: over $500,000 annually |
| $99/month | $199/month |
All of the starter Fattmerchant subscriptions include:
- 0% markup and 0 basis points
- No cancellation fee
- No statement fees
- No batch fees
- PCI compliance support
- 24/7 technical support
- Next-day funding available
- Tokenized and encrypted customer data
- QuickBooks online integration
- Standard risk monitoring
- Chargeback monitoring
The enterprise subscriptions include all of the above features as well as:
- Integrated analytics reports (these can be available to starter subscribers for the additional cost of $20 per month)
- Dedicated customer success manager
- Data breach protection and tokenization
- Account updater for cards on file
For all of the different subscription plans, add-ons are also available and include:
- Same-day funding
- QuickBooks online sync: PRO (coming soon according to the Fattmerchant website)
- Advanced customization
- Terminal protection plan
- ACH transactions
| SUBSCRIPTION PLAN | STARTER PLATFORM | ENTERPRISE PLATFORM |
| EMV Terminal | Interchange + $0.08 | Interchange + $0.06 |
| eCommerce Shopping Cart | Interchange + $0.15 | Interchange + $0.12 |
| Virtual Terminal | Interchange + $0.15 | Interchange + $0.15 |
| Mobile Reader | Interchange + $0.15 | Interchange + $0.12 |
| Third-Party Integration | Interchange + $0.08 | Interchange + $0.06 |
| API Subscription | Interchange + $0.15 | Interchange + $0.12 |
* Other add-on services include: same-day funding, advanced customization, terminal protection plan and ACH transactions. All come with additional fees.
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Bottom Line
If you own a midsized company or larger that processes a decent amount of money per month then you should consider exploring Fattmerchant’s features and services. It’s an alternative option that accommodates different ways to accept credit cards!
While you’re here on HMB, you can see how credit card payment processing systems & networks work as well as see other credit card processing and merchant services providers out there!
For associated banks that issue credit card processing, be sure to check out our list of Best Bank Promotions!
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