SOURCE: Merchant Resources, Inc.

Merchant Resources, Inc.

June 15, 2015 09:00 ET

Credit-card-processing.com Provides Comprehensive Comparisons Between Square Reader, Wells Fargo Merchant Services, Chase Merchant Services and Costco

DALLAS,TX--(Marketwired - Jun 15, 2015) - Merchant Resources, www.credit-card-processing.com, provides a comprehensive comparisons of its credit card merchant services 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 these merchant services, a variety of differences and cost of each of these credit card merchant services have been discovered. The compilation 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. Any merchant, however, that is consistently over $100 in Visa/MasterCard volume per month, have better options at www.credit-card-processing.com (See Merchant Resources Rates Below).

Wells Fargo

  • Base Retail Visa/MC rate of 2.2% and 25 cents
  • Reward rate is 3.1% and 25 cents
  • Lease of terminal for $35 for 48 months or purchase terminal for $699 (FD130 terminal)
  • $75 yearly fee
  • Setup fee for $95

Costco

  • 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
  •  Costco no contract "until" filling out personal information with a social security number, etc.

Chase Paymentech

  • Base Retail Visa/MC rate 1.99% and 25 cents
  • Mid qualified rate 2.68% and 25 cents
  • Non-qualified rate 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

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, Swiper for your cellular phone, 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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