Lowering overhead and expenses is an ongoing battle for any business. Credit card processing fees are a cost of doing business and can be reduced with a little investigation and the right questions. If you have found this post then you are already in the investigation phase. Maxx Merchants would like to offer credit card processing at a lower rate than CostCo is offering.
The CostCo credit card processing offer is extended through a company called Elavon. The advertised rates for processing are as follows.
- Retail merchants with a small-ticket (average sale less than $15.00)
1.37% plus $0.12 per transaction - Retail Merchants (Credit Card Present, Person Present)
1.48% plus $0.20 per transaction - Internet and Mail Order and Telephone Order Merchant Accounts (Card Not Present)
1.99% plus $0.27 per transaction
- $4.95 per month Statement Fee
- $25.00 Application Fee
- No Batch Fee
Maxx Merchants is happy to announce the following reduced rates.
- Retail merchants with a small-ticket (average sale less than $15.00)
1.35% plus $0.11 per transaction - Retail Merchants (Credit Card Present, Person Present)
1.45% plus $0.18 per transaction - Internet and Mail Order and Telephone Order Merchant Accounts (Card Not Present)
1.95% plus $0.25 per transaction
- $4.95 per month Statement Fee
- $0.00 Application Fee
- No Batch Fee
*Advertised rates are for Visa/Master Card and Discover and represent the qualified rate. AMEX and rewards cards will process at a higher rate. A monthly minimum charge of $20 will apply when transition fees and per item fees are less than $20.00 for the month.
