Square Swiper Cash Register Rates Compared – Square Reader Merchant Account Avg 3.25% Ours 1.95%

“Square Swiper Cash Register Rates Compared- Square Reader Merchant Account Avg 3.25% Ours 1.95%”

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

Get a free wireless terminal with built in printer or vx520 non wireless machine, with much better rates than square.

Accept visa at a lower rate.

Merchant Resources called the 1-800 listed on each of the above credit card merchant service and discovered a variety of differences outlined 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. Merchants consistently over $10 per sale in Visa/MasterCard volume per month, have better options at:
www.credit-card-processing.com

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 securitynumber, etc.

Wells Fargo credit card processing was high in fees, equipment cost and processing rates. Each time we called we were quoted different 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 can provide a transaction fee of 5 cents.

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

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