SOURCE: Merchant Resources, Inc.

Merchant Resources, Inc.

May 14, 2015 13:00 ET

Merchant Resources, Inc. Announces "Square" Reader Rates of 1.6% on VISA / MasterCard Credit Card Processing and Offers Free Credit Card Terminals

LOS ANGELES, CA--(Marketwired - May 14, 2015) - Merchant Resources, Inc., a 20-year provider of merchant credit card processing services, announces its "Square" reader rates of 1.6%* on Visa and MasterCard credit card processing fees.

Merchants paying over 2.5% for all credit card processing charges are paying too much. An easy way for merchants to calculate fees is to take the total fees paid divided by its credit card processing volume.

Merchant Resources, Inc. performs a side by side comparison with merchants on both legacy processing fees and other cellular phone reader applications. These rate comparisons regarding rates as it relates to the Square reader are amazingly different. Most merchants who have contacted Merchant Resources have been surprised on these rate outcomes.

The "Square" does not have a transaction fee with no contract and no monthly fees. If a merchant is processing very low average tickets, under $10, the transaction fees do add up. However, if the merchant's average ticket is over approximately $10, then those merchants are better off with the lower percentage with the "Square" transaction fee. Ten dollars is about the breakeven point.

Normally, the percent a merchant is paying with Square is 2.75% for Visa/MasterCard and 3.5% for keyed in transactions with no transaction fee.

Merchant Resources, Inc. offers its merchant "Square" reader rate transactions at 1.60%* for Visa/MasterCard and 2.0%* for keyed in transactions, with a 15 cent ($0.15) per transaction fee (*approximates based on interchange plus).

Additionally Merchant Resources provides the merchant with:

  • Free terminals, software or swiper for your cellular phone
  • Contactless, EMV terminals
  • No contract, no minimums, no statement or yearly fees
  • View your statements online, 24/7 800 customer service
  • Interchange rate, lowest in the industry
  • Free cellular phone swiper for your cellular phone

Merchants seeking to lower their credit card processing fees are to visit Merchant Resources, Inc. at and/or 1-888-895-3129 for a free no obligation quote.

Contact Information

  • Contact
    Jim Johnston
    Email Contact
    Merchant Resources