Costco Merchant Services vs Square
Costco Merchant Services is a payment processing solution offered through Elavon. How does it compare to Square? Read our comparison chart below.
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| Learn More | Visit Site | |
Costco Merchant Services | Square | |
|---|---|---|
Square Reader: Free Mobile Credit Card Reader - | ||
Benefits and Features | ||
| Monthly Fee | $0 (Free), $49/mo (Plus), and $149/mo (Premium) | |
| Good For | Mobile & small businesses with average transaction over $100 | |
| Equipment | Card reader: $0 to $59; Stand, Terminal, and Register available for purchase | |
| Accept International Payments | ||
| Customer Service | Phone, Email, Live Chat Support, Seller Community | |
| Fraud Prevention Tools |  | |
| Invoice Management | | |
| Pricing Model | ||
| Recurring Billing | | |
| ACH Payments | ||
| Swipe Rate |
| 2.6% + 15¢ (Free), 2.5% + 15¢ (Plus), and 2.4% + 15¢ (Premium) |
| Online Rate |
| 3.3% + 30¢ (Free) and 2.9% + 30¢ (Plus/Premium) |
| Keyed-in Transaction Fee | Flat-rate Pricing: 3.20% + $0.10 per transaction | |
| Deposit Time | Payments before 5PM PT / 8 PM ET is available the next business day | |
| Chargeback Fee | ||
CreditDonkey® Reviews | ||
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| Price |    | |
| Equipment | | |
| Contract | | |
| Customer Service | | |
| Ecommerce | | |
| High Volume Business | | |
| Low Volume Business | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Payment processing solution offered through Elavon... | Good credit card processor for low-volume businesses... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. | ||
Square Reader: Free Mobile Credit Card Reader
- Pay 2.6% + 15¢ Per Swipe for Visa, Mastercard, Discover, and American Express
- Accept Credit Cards Anywhere
- Fast Setup, No Commitments
Square Contactless and Chip Card Reader
- Pay 2.6% + 15¢ per tap or dip for Visa, Mastercard, Discover, and American Express
- Accept Chip Cards and Contactless Payments Anywhere
Square Terminal
- 2.6% + 15¢ per tap, dip, or swipe
- Fully integrated POS system with built-in receipt printer
- 5.5" display
Which is Better: Costco Merchant Services or Square?
Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Costco Merchant Services or Payment Depot.
In short: Square's price, equipment, contract, ecommerce, and low volume business are noteworthy. In particular, the equipment, contract, and low volume business are impressive.
Articles on Costco Merchant Services
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