SOURCE: Merchant Resources

Merchant Resources

June 18, 2015 09:00 ET

Credit-card-processing.com Compares Its Credit Card Merchant Services With Those of Square Reader, Wells Fargo Merchant Services, Bank of America Merchant Services and Costco

DALLAS, TX--(Marketwired - Jun 18, 2015) - Merchant Resources, www.credit-card-processing.com, compares its credit card merchant services to those of Square Reader, Wells Fargo Merchant Services, Chase Merchant Services and Costco 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

  • 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. Merchant 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.

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 "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.

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