LOS ANGELES, CA – August 24, 2015 – Merchant Services provides a credit card terminal that is EMV/ Chip card capable. The credit card processing can be done by entering the card in front of the terminal.
After Merchant Resources called the 1-800 listed on each of these merchant services, a variety of differences and costs of each of these credit card merchant services were discovered. The compilation is 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. However, for any merchant who is consistently over $100 in Visa/MasterCard volume per month, there are better options.
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
Costco
• Base Retail Visa/MC rate of 1.38% and 19 cents
• Reward 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
Chase Paymentech
• Base Retail Visa/MC rate of 1.99% and 25 cent
• Mid qualified rate of 2.68% and 25 cents
• Non qualified rate of 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
Merchant Resources offers custom quotes to fit your particular business.
To receive a free no-obligation merchant account quote, visit http://www.credit-card-processing.com or call 1-888-895-3129
Full news story: http://pressreleasejet.com/newsreleases/2015/credit-card-terminal-that-is-chip-card-capable-offered-by-credit-card-processing/
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Media Contact
Company Name: Credit-card-processing.com
Contact Person: Jim Johnston
Email: merchantconsult@gmail.com
Phone: (888) 895-3129
Country: United States
Website: http://credit-card-processing.com
