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
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