Merchant Resources, credit-card-processing.com, compares its credit card merchant services to those of Costco Merchant Services, Intuit Quickbooks, Square Reader, Wells Fargo Merchant Services, and Bank of America Merchant Services.
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 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:
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 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 credit-card-processing.com or call 1-888-895-3129.
Company Name: Merchant Resources
Contact Person: Jim Johnston
Country: United States