Compares Merchant Services Fees and Rates for Wells Fargo, Square Reader, Costco and Bank of America Account

You will be surprised by what we found. What is the best credit card merchant account for your business?

Do not sign contracts or pay for expensive credit card terminal machines or software when you don’t need to.

Merchant Resources provides state of the art emv chip credit card machines for free.

Merchant Resources called the 1-800 listed on each of the above credit card merchant services, and discovered a variety of differences outlined below:

Square Reader

• Base Retail Visa/MC rate of 2.75%

• Key Entered Rate of 3.5%

*The square reader is a good solution for merchants that are seasonal, since “SquareUp” does not have any monthly fees. Merchant consistently over $10 per sale in Visa/MasterCard volume per month, have better options at

Wells Fargo

• Base Retail Visa/MC rate @ 2.2% and 25 cents

• Mid qualified rate @ 3.1% and 25 cents

• The salesperson did not disclose the non-qualified rate

• Lease of terminal for $35 for 48 months or purchase terminal for $699 (FD130 terminal)

• $75 yearly fee

• $95 Setup fee

• No contract “until” filing-out personal information using a social security number, etc.


• Base Retail Visa/MC rate @ 1.38% and 19 cents

• Rewards Cards Visa/MC rate @ 1.99% and 19 cents

• Business Cards Visa/MC rate @ 2.65% and 29 cents

• Foreign and Government Cards Visa/MC 3.55% and 29 cents

• Terminal lease $30 a month for 2 years or $489 terminal purchase

• Need to be an executive Costco member, so you need to pay $110 a year

• No contract “until” filing-out personal information using a social security number, etc.

Bank of America

• 1.69% Base Retail Visa/MC rate

• 3.19% Mid-qualified rate — Over 4.35% Non-qualified rate

• Terminal cost on a lease of $28.95 per month or purchase for $599

• No contract “until” filing-out personal information using social security number, etc.

Merchant Resources offers the following:

• 1.25% for debit/credit card with no pin

• 1.65% for base Visa and MasterCard, Discover

• No Monthly Fees

• FREE Terminal, cellular phone Swiper or POS for restaurant

If a business has a low average ticket, Merchant Resources can provide a transaction fee of 5 cents. To receive a free no obligation merchant account quote, visit or call 1-888-895-3129.

Media Contact
Company Name: Merchant Resources
Contact Person: Jim Johnston
Phone: 1-888-895-3129
Country: United States