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844-236-5376

Sales M-F 9am-8pm EST

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Customer Service 24/7

Costco Members: Keep Costs Low with Exclusive Payment Processing Rates

phone icon 1-844-236-5376

Sales M-F 9 a.m. - 8 p.m. EST

 

 

phone icon 1-844-236-5376

Sales M-F 9 a.m. - 8 p.m. EST

Do you know what you are currently paying for Payment Processing?

Enter information from one of your most recent statements to calculate your overall rate.

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Remember, Costco members receive rates starting as low as 1.10% plus $.12 per in-person qualified swiped or chip transaction.
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Fequently Asked Questions

  • On average it takes 4 - 5 business days to establish an account and receive your equipment once you sign an application. (Account approvals may be delayed in instances where additional information is required).

  • Elavon offers the latest, secure payment technology at a lower cost. You can rent or purchase equipment. Terminal rentals start as low as $8 per month for Costco members.1

    Elavon Payment Gateway is an e-commerce solution that offers most of the features you will need for your online business.

    We are compatible with hundreds of POS software and payment gateways. Contact sales to see if your equipment or website software is compatible.

  • There is no long-term contract or early termination/cancellation fees.

  • Non-Executive members pay a $25 application fee and a $4.95 monthly statement fee. These fees are waived for Costco Executive Members.

    If applicable, there is a $20 monthly minimum (if discount fees are less than $20, the difference will be charged).

    There may be other charges for equipment and any value added services you need. Contact sales to learn more.

  • Costco members receive low rates and fees and transparent pricing compared with competing payment processors. Rates start as low as 1.10% plus 12 cents per qualified in-person swiped or chip transaction.* 

    Some competitors charge 2.60% plus 15 cents per transaction as a standard entry level rate. There are multiple pricing plans so you can choose the one that works best for your business.

    Contact sales to learn more.

  • In addition to being able to quickly and securely take payments, you will receive 24/7 Customer service along with dedicated support from a Customer Account Manager.

    You can access your account history and activity anytime, anywhere with the Payments Insider portal. There are tools to help manage your account, access statements and reporting, and self-help resources.

    Let us help you get started by contacting sales to get the best payment processing program for your business.

  • The standard funding timeline is the next business day. We offer expedited funding that allows you to get funded the same business day for an additional cost. Contact sales to find out which funding program works best for your business.

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*Visa/Mastercard/Discover service is sponsored through Elavon. Rates listed are for qualified card transactions. Lodging (at 1.79% plus 20 cents) payments are not eligible for the in-person qualified rate. Additional rate tiers and costs apply to non-qualified transactions. A monthly minimum charge of $20 applies when total monthly transaction fees and per-item charges are less than $20 per month. A $25 Application Fee and $4.95 Monthly Statement Fees apply for non-Executive Members. Rates and fees may change without notice. Rate and acceptance are subject to underwriting and business approval. This rate is for U.S. Costco members only. Call Elavon at 1-800-551-0951 for all terms and conditions.

†Executive Members do not pay an application fee or monthly statement fee. Non-Executive Members pay a $25 application fee and $4.95 monthly statement fee.

††Swiped/Dipped transactions cost 2.30% plus $0.10. E-commerce transactions cost 2.60% plus $0.10. Key entered transactions cost 3.20% plus $0.10. Visa/Mastercard/Discover service is sponsored through Elavon, Inc. Annual Interchange or assessment increases by Visa/Mastercard or Discover may affect these rates. Rates and fees may change without notice. Rate and acceptance are subject to underwriting and business approval. This rate is for U.S. Costco members only. Call Elavon at 1-855-402-5181 for all terms and conditions.

‡‡Must be a U.S. Costco member. All surcharge features, parameters and specifications are subject to change without notice. The information discussed is general in nature and may not apply to your specific situation. Credit card surcharge is currently not supported in Connecticut, Maine, Massachusetts, New York and Oklahoma. Certain state or local laws may restrict or limit the amount of the surcharge percentage. The credit card surcharge may not fully offset the cost of acceptance of all credit card types. Merchants are responsible for determining the legality of their operation of a credit card surcharging program in the states where operated. Merchants are solely liable if their operation of a credit card surcharging program is deemed to be unlawful. Credit card surcharge applies to credit cards only, not available on debit cards.