Is ‘Square Reader’ Merchant Services’ Credit Card Processing The Best Solution? Revealed

DALLAS,TX – August 21, 2015 – Merchant Services compares credit card processing 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 these credit card merchant services were discovered. The compilation is below:

Merchant Resources offers the following: * BEST OFFER *

• 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 or call 1-888-895-3129

Square Reader

• Base Retail Visa/MC rate of 2.75%
• Key Entered Rate of 3.5%

Security threats with Square Reader. Within 10 minutes, virtually anyone with a screw driver, super glue and a little knowledge can make the square reader into a skimming swiper. ”Beware.”

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
• Non qualified rate of 4.35% and 25 cents
• 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.


• 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

At the end of the day, you want to select a company that supports your business. You want a company that picks up the phone when you call.  You don’t want to be transferred 5 times and wait 45 minutes to talk to someone.

This will not be the case with Merchant Services. You will be treated with respect.

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Media Contact
Company Name:
Contact Person: Jim Johnston
Phone: (888) 895-3129
Country: United States