Helcim Review: How It Works, Pricing, and Benefits (2024)

When looking for a reliable payment processing system for your business, you’ll stumble over quite a number of service providers on the market. But which of them would be the perfect match? 

Whether you're a small startup or a growing enterprise, understanding how a specific system operates and the benefits it provides can significantly impact your payment efficiency and cost-effectiveness. In this article, we’ll provide a detailed Helcim review looking into its working concept, pricing models, and the tangible advantages it offers to help you make an informed decision. 

Helcim: What Is It?

Established back in 2006, Helcim is an outstanding payment processing platform for businesses in the US and Canada. Though designed to streamline transactions for businesses of all sizes, it best suits merchants with higher sales volumes and those who are already confidently up on their feet. 

Since its inception, the system has evolved into one of the most popular payment processors, ensuring out-of-the-pocket solutions for online and in-person payments with a focus on:

• Convenience;
• User-friendliness;
• Diverse functionality;  
• Top-notch security. 

Helcim: How Does It Work? 

Distinguished by a strong track record, solid market reputation, and high customer scores (it’s enough to check a few Helcim reviews), the platform offers a few avenues for businesses to accept payments:

1. Individual merchant accounts to accept credit and debit card payments and ensure a seamless experience for customers;
2. Virtual terminals for businesses that handle mail or telephone orders. This type of Helcim payment processing allows merchants to manually enter payment details, facilitating secure transactions without the need for physical cards;
3. Mobile apps developed for Android and iOS for quick and flawless mobile payments and on-the-go transactions;
4. Payment gateways to make use of the Helcim integration capabilities. By embedding Helcim's payment gateway into third-party software or a shopping cart, customers can securely make purchases using various online payment methods.

To unlock Helcim features and start using the system, you should visit the Helcim website and complete the registration process. You'll need to provide essential business information and undergo an application review, ensuring compliance with regulatory standards. The provider strives to make this process as smooth as possible to get you started quickly.

If you require physical terminals for in-store transactions, Helcim provides compatible hardware options. Setting them up involves simple steps, often including connecting to your network and integrating them with your Helcim account.

There is something many other Helcim payment processing system reviews may omit. Thus, the company has a few helpful digital tools on its list. A customer manager will come in handy in tracking client data, an inventory manager will smartly organize your data from different payment points and store them online, and a credit card vault will ensure the secure use of credit info. 

Helcim Payment Processing Review: Pricing 

Maintaining all payment options required by small businesses, Helcim prioritizes transparency and a fair approach when it comes to pricing, with no monthly charges, setup, user, or cancellation or other hidden fees. 

Unlike flat rates, where a fixed percentage is charged regardless of transaction volume, the company employs a tiered pricing structure. This means that as your monthly transaction volume grows, the fees per transaction decrease incrementally, providing potential cost savings as your business scales.

Helcim opts for an interchange-plus pricing model, transparently passing the actual interchange rates set by card networks directly to merchants. Here are a few examples of Helcim rates charged over different transactions:

• 0.4% interchange plus fee + $0.08 per in-person payment for up to $50.000 in monthly card operations as compared to 0.2% + $0.07 for up to $100.000 in monthly transaction volume;
• 0.50% interchange plus + $0.25 per transaction for online sales up to $50.000 in operations per month against 0.35% + $0.15 per transaction if you get from $100.000 to $250.000 a month; 
• ACH payments are rated at 0.5% + $0.25.

Helcim's tiered pricing structure allows businesses to anticipate and potentially reduce their payment processing expenses as they expand. 

Why to Choose Helcim: Main Advantages

How does paying with the Helcim payment platform benefit your business? The company stands out in the payment processing landscape by offering a range of advantages tailored to meet businesses' diverse needs.

Transparency

Helcim prides itself on transparent pricing models created to match the varying financial needs of small businesses and maintain their scaling endeavors. You can find processing fees on the company’s website and use their online calculator to find out your individual rates and calculate the savings. Though interchange-plus rates differ depending on the monthly transaction volume, they are split into 5 clear tiers.  

Comprehensive Service

Accessible for various industries, like retail, e-commerce, or service-based businesses, Helcim is an all-in-one solution embracing diverse functionality and offering additional digital tools to deliver the best user experience and ensure high customer satisfaction. 

Security

Security is paramount in payment processing, and Helcim places a strong emphasis on it. The platform implements robust security measures, including encryption, multifactor authentication, and compliance with industry standards. This ensures that sensitive payment data remains protected throughout transactions.

Conclusion

Whether you're a small business seeking efficient payment solutions or a growing enterprise aiming to optimize transaction processes, Helcim's comprehensive services can cater to your needs.

Try Helcim today and discover a payment processing solution designed to elevate your business operations while prioritizing transparency, security, and efficiency.

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