Costco is a name everyone knows and trusts. Costco signifies stability and honesty in the business and retail arenas. Now Costco has partnered with Elavon to offer merchant accounts for Internet, phone, mail, fax, and retail businesses.
This service from Costco is only available in United States and they have an average amount of approvals out of the applications that they take in.
Here are the typical fees involved with a Costco merchant account:
- Discount rate of 1.64% for card swiped purchases
- Transaction fee of $ .20 for card swiped purchases
- Discount rate for mail, phone and Internet is 1.99%
- Transaction fee for mail, phone and Internet is $ .27
- Executive members of Costco do not pay a statement fee – otherwise it’s $4.95/mo.
- Executive members of Costco do not pay an application fee – otherwise $25
- Live 24/7 support
- Never any batch fees
- $20 minimum sales or you incur fees
- There is merchant account equipment to pay for but Executive members of Costco get a discount
To find out more visit Costco.com. If you do not find what you need there you may want to try:
