Evalon Costco Compares Merchant Account of Square Reader for Credit Card Processing

April 28, 2016 at 10:12 AM EDT

Get free equipment-wireless, chip card reader or swiper for your phone

Merchant Resources, www.credit-card-processing.com, compares its credit card merchant services to those of Square Reader, Wells Fargo Merchant Services, and Bank of America Merchant Services.

With Merchant Resources, merchants get a free wireless terminal with built-in printer or vx520 non-wireless machine, with much better rates than Square Reader (See Ad).

Merchant Resources called the 1-800 listed on each of the 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%

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.
Wells Fargo credit card processing was high in fees, equipment cost and processing rates.
Each time Merchant Resources called received different quoted rates.

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.
Bank of America was transparent regarding their high discount rates.

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 provides 5 cents transaction fee

Merchants consistently process payments over $10 per purchase, have better options at: www.credit-card-processing.com

To receive a free no obligation merchant account quote, visit http://www.credit-card-processing.com or call 1-888-895-3129.

Media Contact
Company Name: Merchant Resources
Contact Person: Jim Johnston
Email: Send Email
Phone: 1-888-895-3129
Country: United States
Website: http://www.credit-card-processing.com

Source: www.abnewswire.com