Square Reader, Wells Fargo, Costco and Chase Credit Card Processing Rates – Who is Best by Merchant Services

DALLAS, TX – 18 Sep, 2015 – 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 cost of each of these credit card merchant services have been discovered. The compilation 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, any merchant that is consistently over $100 in Visa/MasterCard volume per month, there are better options.

Wells Fargo**

• Base Retail Visa/MC rate of 1.8% • Lease of terminal for $35 a month or purchase terminal for $500 • $75 yearly fee

** Merchant Resources has been in the business for over 20 years, knowing “for a fact” that the rate, no matter what the card is, is NOT 1.8%. It seems Wells Fargo has to train their merchant services department what the actual fees are.


• 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 EMV Terminal with Pin Pad, 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

Full News Story: https://pressreleasejet.com/newsreleases/2015/square-reader-wells-fargo-costco-and-chase-credit-card-processing-rates-who-is-best-by-merchant-services/

Distributed by Press Release Jet

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