Merchant Services Analyzes Square Reader Wells Fargo Costco Chase Merchant Accounts by

August 11 19:01 2015
Merchant Services’ credit card processing can be confusing. clarifies Square Reader, Costco’ merchant account and Wells Fargo merchant services processing fees, percentages and terminal costs. Square Reader has no flexibility in its pricing since it does not use Independant Sales Organizations. You are stuck with Square Reader high fees.

DALLAS, TX – Merchant Resources compares 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 of these merchant services, a variety of differences and costs of these credit card merchant services were discovered. The compilation is below:

Merchant Resources offers the following: *** BEST OFFER ***

• 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 or call 1-888-895-3129

Square Reader

• Base Retail Visa/MC rate of 2.75%

• Key Entered Rate of 3.5%

Security threats with Square Reader. Within 10 minutes, virtually anyone with a screw driver, super glue and a little knowledge can make the square reader into a skimming swiper. “Beware.”

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

• Non qualified rate of 4.35% and 25 cents

• Lease of terminal for $35 for 48 months or purchase terminal for $699 (FD130 terminal)

• $75 yearly fee

• $95 Setup fee

• No contract “until” filling-out personal information using a social security number, etc.


• 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

Chase Paymentech

• Base Retail Visa/MC rate of 1.99% and 25 cents

• 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

Media Contact
Company Name: Merchant Resources
Contact Person: Jim Johnston
Email: Send Email
Phone: 1-888-895-3129
Country: United States