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Merchant Services’ credit card processing can be confusing. Credit-card-processing.com clarifies Square Reader, Costco, Chase Paymentech and Wells Fargo processing fees, percentages and terminal costs.

DALLAS, TX – Merchant Resources compares its credit card merchant services to those of Square Reader, Wells Fargo Merchant Services, Chase Merchant Services and Costco Merchant Services.

After Merchant Resources called the 1-800 listed on each of these merchant services, a variety of differences and costs of each of these credit card merchant services were discovered. The compilation is 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. However, for any merchant who is consistently over $100 in Visa/MasterCard volume per month, there are better options.


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” filling-out personal information using a social security number, etc.


Costco

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

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

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

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

• Lease of terminal for $30 a month for 2 years or purchase terminal for $489

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


Chase Paymentech

• Base Retail Visa/MC rate of 1.99% and 25 cents

• Mid qualified rate of 2.68% and 25 cents

• Non qualified rate of 3.76% and 25 cents

• $100 fee to get setup

• $25 monthly minimum

• Monthly fee of $9.95

• Free terminal with a 2 year contract


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, Swiper for your cellular phone, or POS for restaurant

Merchant Resources offers custom quotes to fit your particular business.

To receive a free no-obligation merchant account quote, visit http://www.credit-card-processing.com or call 1-888-895-3129

Media Contact
Company Name: Merchant Resources
Contact Person: Jim Johnston
Email: merchantconsult@gmail.com
Phone: 1-888-895-3129
Country: United States
Website: http://www.credit-card-processing.com

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