Which merchant processor puts through payments fastest? The winner last month was Litle & Co., the Vantiv company. Litle also was fastest in January 2014.
Processing speed matters because it is a marker of investment and technical prowess on the part of the payment processor. Here are the 53 fastest processors in the world, according to the GatewayIndex from Spreedly:
Feb 2014 Rank | Processor | Feb 2014 Speed | Jan 2014 Rank | Jan 2014 Speed |
1 | Litle | 0.8s | 1 | 0.9s |
2 | Orbital | 0.9s | 5 | 1.0s |
3 | SecureNet | 0.9s | 2 | 0.9s |
4 | TransFirst | 0.9s | 3 | 0.9s |
5 | Merchant e-Solutions | 1.0s | 4 | 1.0s |
6 | Net Pay | 1.0s | 7 | 1.1s |
7 | Moneris | 1.1s | 6 | 1.1s |
8 | NetBilling | 1.2s | 9 | 1.3s |
9 | CyberSource | 1.4s | 10 | 1.4s |
10 | First Data Global Gateway | 1.4s | 11 | 1.4s |
11 | Iridium | 1.4s | 20 | 1.6s |
12 | MerchantWARE | 1.4s | 12 | 1.4s |
13 | Authorize.Net | 1.5s | 17 | 1.6s |
14 | E-xact | 1.5s | 18 | 1.6s |
15 | iATS Payments | 1.5s | 8 | 1.3s |
16 | SagePay | 1.5s | 16 | 1.5s |
17 | SkipJack | 1.5s | 13 | 1.4s |
18 | USA ePay | 1.5s | 21 | 1.6s |
19 | Mercury | 1.6s | 26 | 1.8s |
20 | Realex | 1.6s | 15 | 1.5s |
21 | First Data Global Gateway e4 | 1.7s | 19 | 1.6s |
22 | Wirecard | 1.7s | 25 | 1.7s |
23 | ePay | 1.8s | 22 | 1.7s |
24 | Garanti | 1.8s | 23 | 1.7s |
25 | PayJunction | 1.8s | 24 | 1.7s |
26 | BluePay | 1.9s | 27 | 1.9s |
27 | Beanstream | 2.0s | 32 | 2.2s |
28 | Braintree | 2.0s | 35 | 2.3s |
29 | Stripe | 2.0s | 38 | 2.4s |
30 | TrustCommerce | 2.0s | 14 | 1.4s |
31 | Elavon | 2.1s | 29 | 2.0s |
32 | Nmi | 2.1s | 30 | 2.0s |
33 | QuickPay | 2.1s | 33 | 2.2s |
34 | Sage | 2.1s | 31 | 2.0s |
35 | Paybox Direct | 2.2s | n/a | n/a |
36 | WorldPay | 2.2s | 34 | 2.2s |
37 | Inspire | 2.3s | 36 | 2.3s |
38 | PaymentExpress | 2.5s | 37 | 2.4s |
39 | Redsys | 2.7s | 40 | 2.7s |
40 | eWAY | 2.8s | 43 | 3.1s |
41 | Conekta | 3.3s | 42 | 3.0s |
42 | PayPal | 3.3s | 39 | 2.6s |
43 | SecurePay Australia | 3.3s | 44 | 3.2s |
44 | Ogone | 3.4s | 46 | 3.4s |
45 | Payflow | 3.5s | 47 | 3.5s |
46 | Optimal Payments | 3.6s | 48 | 3.7s |
47 | Plug’n Pay | 3.6s | 45 | 3.3s |
48 | QuickBooks Merchant Services | 3.8s | 41 | 2.8s |
49 | PSiGate | 4.0s | 51 | 4.1s |
50 | NAB Transact | 4.2s | 50 | 4.1s |
51 | SecurePay | 4.3s | 49 | 4.0s |
52 | Balanced | 5.0s | 53 | 5.3s |
53 | Paymill | 5.3s | 52 | 4.6s |