Home » Automotive, Fitness, Health & Medicine, Home & Garden, Website & Blog » Credit-card-processing.com Compares Credit Card Terminal and Credit Card Machine and Rates of Square Reader and others
A credit card terminal or a credit card machine have many different functions. Merchant Services provides a free new smart card/chip reader with their low rates. Square reader currently does not currently have a stand alone terminal. Square reader has the swipers for phones and POS systems. See merchant services rates compare.

DALLAS, TX – Merchant Resources, www.credit-card-processing.com, A credit card terminal or a credit card machine have many different functions. Merchant Services provides a free new smart card/chip reader with their low rates. Square reader currently does not currently have a stand alone terminal. Square reader has the swipers for phones and POS systems.  See merchant services rates compare.

Square Reader Swiper

• 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. Merchants consistently over $100 per sale in Visa/MasterCard per item sale, have better options at:
www.credit-card-processing.com

Costco

• 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

Costco, the so called low price leader, was not so low price. You need to be an executive member and still pay $489 for the proprietory terminal. There rates are not that impressive.

Square Reader Swiper

• 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. Merchants consistently over $10 per sale in Visa/MasterCard volume per month, have better options at:
www.credit-card-processing.com

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.

Wells Fargo credit card processing was high in fees, equipment cost and processing rates. Each time we called we were quoted different rates.

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.

Bank of America was transparent regarding their high discount rates.

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 Chip Card Reader 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 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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