If youre looking at costco for merchant services, you should just go directly through elavon. He had issues getting it started and with the language barrier and american accents from the call center, just got him really frustrated. We have provided payment processing services to costco members for over 20 years. Elavon costco canada offered me this morning jan 192016. While costco merchant services contracts run for an initial 3year term with an automatic renewal period, there are no early termination fees. The company discloses rates on its website but it should be noted these are qualified rates which may not apply to every merchant. Accepting payments online is simple with elavons secure payment processing platform, converge. Costco and elavon provide merchant services to help you process payments securely. Equipmentsoftware purchase is required and will be reimbursed one year from date of account activation. The information discussed is general in nature and may not apply to your specific situation. Our streamlined application process is the fastest way to have your business taking mobile payments, anytime, anywhere. All you need to get started is a phone, tablet or computer with internet connection and youre ready to enable a virtual terminal. Learn more about elavon, the payment processing provider costco services selected for members.
Restaurant industry solutions credit card processing for costco. Elavon is rated among the top global payment providers 3. Costcos merchant accounts use tiered pricing with bait and switch rates. Financial institutions over 1,000 financial institutions around the world trust elavons merchant services to deliver fast, reliable payment solutions that customers trust. No technical knowledge required, no complicated pricing. Keep customers happy and operations running smoothly with a quick and easy checkout experience. We build payment partnerships with banks, financial institutions, isos, software vendors and payment gateways in every corner of the world. We offer oneyear cost free replacement on all ingenico terminals. Costco canada payment processing discover a customized payment. Our transparent costco member pricing and handson customer service.
The best solution for elavon payment processing in quickbooks receive pay merchant services offers a highly robust app that supports both quickbooks desktop and online customers, provide merchants with the tools they need so they can focus more time on their customers and businesses, and less time on data entry. Standard features of an elavon contract include online reporting and customer management are offered through imerchantconnect, which updates in real time. Again, if you are telling me that a private provider, that sold a terminal, and gave commissions to the selling rep, is now upgrading to a new terminal at no cost. At elavon, we want to ensure you get great service along with great value.
In fact, costco doesnt even provide credit card processing. Explore costco and elavons merchant services to accept payments securely through a. Elavon offers talech mobile pointofsale system that is software based. Elavon customers that accept and activate either 1 talech software standard.
A signed free terminal addendum must be returned to elavon with signed application. I had a business friend that opened a restaurant and went with costcoelavon. You can now use your mobile device to provide proof of membership upon entering the warehouse and again at checkout. Products and services credit card processing for costco. Credit card terminals costco and elavon canada payment. Costco merchant services features the poynt mobile. Free equipment is limited to select terminal or software products. Costco selected elavon to provide costco members with reliable credit card processing, mobile payment processing, point of sale systems, payment processing products and services tailored to your industry. You can now use your mobile device to provide proof of membership upon entering the. Elavon poynt smart credit card processing terminal elavon payment processing account required elavon representative will contact you via phone or email for account set up exclusive elavon rates. And, talech software integration is available on poynt.
With the costco mobile app youll always have the latest warehouse savings right on your device. Products and services credit card processing for costco members. This document is prepared by elavon as a service for its customers. Poynt is a smart device that is fully mobile, wireless and accepts magstripe and emv via one entry point, as well as nfcbased payments. Elavon is one of the largest merchant account services in the world, processing in excess of. When purchasing a poynt smart terminal from costco. Again, if you are telling me that a private provider, that sold a terminal, and gave commissions to the selling rep, is now. Besides a few waived fees for costco s executive members, there are really no benefits to choosing costco over elavon or a totally different company. Mar 27, 2018 learn more about elavon, the payment processing provider costco services selected for members. Sign up for talech pointofsale or converge software and pay no setup fee or monthly.
Well even do a free statement analysis from your current provider and let you know how. I have been a costcoelavon customer for a number of years. Yes, the i3050 pinpad and the 5100 are still around, but being phased out. Elavon compatible ingenico ict220 dual com terminal with. Costco merchant services features the poynt mobile terminal, a unique hardware offering that combines a tablet display with all the payment processing features of a credit card terminal. You can contact your merchant service company and confirm the back end designergonomics. We were able to find out that costco offers an interestfree financing option. Instead, they outsource merchant services to a company called elavon. Our fast, reliable processing lets you accept traditional and new payment options, including debit and credit cards, tap and contactless and mobile wallets. Elavon quickbooks payment processing plugin using converge. And that starts with our ability to offer exclusive pricing for costco. May 08, 2019 elavons small business packages include a choice between a countertop terminal offer and a mobile terminal offer. Elavon offers many services, as well as numerous software options, including imerchantconnect and talech.
We offer countertop terminals with the latest touchscreen technology and. You can contact your merchant service company and confirm the back end. Bancorp and provides endtoend payment processing solutions and services to more than 1. Meet elavon, the provider selected by costco services to offer tailored payment processing solutions at member. All you need to get started is a phone, tablet or computer with internet connection and youre ready to. Choosing a company who is a reseller only creates more confusion, as there is an unnecessary middleman. Elavon has more than 25 years of experience and has been costcos exclusive. Also, if you decide to switch credit card processing companies, you can keep the terminal and use it. Isos, software vendors and payment gateways in every corner of the world. Elavon is one of the largest merchant account providers in the country. Our streamlined application process is the fastest way to have your business taking mobile payments. Jan 28, 2020 elavon is one of the largest merchant account providers in the country.
Discover elavons awardwinning payment processing platform, customer focus and transparent fee structure. Bancorp, the 7th largest banking organization in the united states, and active globally with merchant service solutions in 30 countries. Costco may sell some things at wholesale prices, but its not merchant accounts. You can accept payments in person using pointofsale systems and countertop. The poynt smart terminal comes with a builtin swipedipcontactless card reader and receipt printer. Costco also offers the ability to accept payments in foreign currencies using dynamic currency conversion. Along with the card readers we already mentioned, elavon offers a terminal and several pos software and hardware options through partners and subsidiaries.
Elavon has provided payment processing services to costco members for over 22 years. Additionally, costco payment processing includes elavons u. Accepting payments online is simple with elavon s secure payment processing platform, converge. The costco mobile app is the easiest way to save time and money on the go. Must be a costco member and open a new merchant account in march 2009 to qualify for this offer. Costco credit card processing an expensive mistake cardfellow. A point of sale device that lets you take payments on the go via your smartphone or tablet. Financial institutions over 1,000 financial institutions around the world trust elavon s merchant services to deliver fast, reliable payment solutions that customers trust. Check out our every day exclusive prices for costco members. Enter your email to receive email and other commercial electronic messages about the latest news, promotions, special offers and other information from costco, regarding costco, its. You can accept payments in person using pointofsale systems and countertop terminals, via mobile device, or using a virtual terminal. While costco merchant services contracts run for an initial 3year term with an automatic renewal period, there are.
Costco credit card processing an expensive mistake. Enter your email to receive email and other commercial electronic messages about the latest news, promotions, special offers and other information from costco, regarding costco, its affiliates and selected partners. Although the company has numerous complaints, it serves over 1 million merchants globally and is bound to have unhappy customers. And that starts with our ability to offer exclusive pricing for costco members. Elavon poynt smart credit card processing terminal elavon payment processing account required elavon representative will contact you via phone or email for account set up exclusive elavon rates for costco members accepts all major credit, debit, and mobile wallet payments includes payment card terminal, printer, signature pad, pin pad, and docking station. With compact design and ergonomic styling, ingenicos ict200 series offers a huge range of functionality. Costco elavon merchant services pos services page 3. Financial institutions over 1,000 financial institutions around. Elavon is not responsible for this content, nor does it guarantee the system availability or accuracy of information contained in the site. Costco merchant services utilizes elavon for its merchant accounts. Elavon handheld terminals these pos terminals accept all payment, offers a merchant display screen and a separate customer display screen touch screen, a register app, a rechargeable battery. Take advantage of exclusive benefits and low pricing.
Meet elavon, the provider selected by costco services to offer tailored payment processing solutions at memberonly values. Please note that the third party site may have privacy and information security policies that differ from those of elavon. An elavon sales representative will be contacting you within an hour on your daytime phone number. I had a business friend that opened a restaurant and went with costco elavon. Do business wherever your customers are, from retail popups to food. Accept credit, debit, electronic gift cards, apple pay and android pay support recurring. Due to this processors large size, elavon rates well as a merchant account provider. Your customers expect you to accept more types of payments in more types of environments on location, online and onthego. Must be a costco member and open a new merchant account by march 29, 20, to qualify for this offer. They used to provide excellent customer service and i would often recommend businesses contact costco for credit card processing. Elavons hardware installment plan gives you the flexibility to pay for your qualifying hardware purchases over the course of three consecutive, interestfree monthly payments, purchase your terminal outright, enter into a lease, or rent.