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CostCo Credit Card Processing | Would you like a lower rate?

Posted by Alex Neir on Wed, January 25, 2012 @ 12:47 PM
CostCo Credit Card Processing

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
Additional Fees
  • $4.95 per month Statement Fee
  • $25.00 Application Fee
  • No Batch Fee

CostCo Credit Card Processing

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
Additional Fees
  • $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.  

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Tags: CostCo Credit Card Processing, Account Tuning, Credit Card Rates