DALLAS, TX -- (Marketwired) -- 06/22/15 -- Merchant Resources, www.credit-card-processing.com, 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 www.credit-card-processing.com.
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 http://www.credit-card-processing.com or call 1-888-895-3129
Contact:
Jim Johnston
Email Contact
1-888-895-3129