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Costco Merchant Services
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Costco Merchant Services Review

This Elavon reseller doesn't offer the same kinds of discount rates you'd expect from the Costco brand, but it does offer a robust POS system.

    Chris Motola
  • Last updated onUpdated

  • Frank Kehl
  • REVIEWED BY

    Frank Kehl

    Senior Staff Writer

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Costco Merchant Services

Total Rating 3.2
Fees & Rates3.2

Products & Services3.7

Contract2.3

Sales & Advertising Transparency3.3

Customer Service4.2

User Reviews2.7

Costco Merchant Services At A Glance

  • Costco’s merchant services fail to live up to the brand’s reputation
  • The lack of early termination fees doesn’t make up for Costco Merchant Services high transaction fees
  • Rates may not be competitive with Elavon, Costco’s backend processor

Chris Motola

Chris Motola

Senior Staff Writer at Merchant Maverick
Chris has been writing about small business topics since 2003. In 2015, he joined Merchant Maverick, where he writes about business financing, payment processing, and demographic trends in entrepreneurship. Chris has been featured in Fox Business, ABC News, Yahoo Finance, GoBankingRates, Newsweek, BizJournals, and other publications. He has a Bachelor’s of Arts in English Writing Arts from SUNY Oswego, and a Masters of Science in Interactive Media from the University of Central Florida. He currently resides in the Hudson Valley region of New York.
Chris Motola
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Chris Motola

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Credit Card Processor Review Methodology

We evaluate and test each payment processor that we review at Merchant Maverick, placing special emphasis on certain key characteristics in order to generate our granular ratings for merchant accounts and credit card processors.

For payment processing reviews, we use a 24-point rubric to evaluate the provider. First, we look at pricing structure – interchange plus, subscription-based, tiered, or hybrid – giving the most points to providers that provide fair, transparent pricing and docking those that rely on tiered models. Then we examine rates, the presence and transparency of early termination fees, and any additional fees.

We also look at contract length and fairness and test out sales staff and customer service channels ourselves to ensure that the company uses reputable, above-the-board sales techniques. Finally, we take the company’s online reputation into account, reading customer reviews and comments.

Read more about how we rate payment processors.




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To learn more about how we score our reviews, see our Credit Card Processor Rating Criteria.