Costco, Square Reader Swiper, Wells Fargo, and Bank of America Merchant Credit Card Processing Comparisons Performed by Credit-card-processing.com

DALLAS, TX — (Marketwired) — 06/22/15 — Merchant Resources, , compares its credit card merchant services to those of Costco Merchant Services, 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:

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

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 .

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.

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.

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 or call 1-888-895-3129

Contact:
Jim Johnston

1-888-895-3129

  bank-of-america, costco, credit-cards, merchant-account-services, rate-reader-swiper, square, wells-fargo