{"id":146,"date":"2010-07-14T17:01:14","date_gmt":"2010-07-14T22:01:14","guid":{"rendered":"http:\/\/blog.paymentconsulting.net\/?p=146"},"modified":"2011-05-27T06:03:42","modified_gmt":"2011-05-27T11:03:42","slug":"beware-of-costcos-ficticious-low-rates-for-credit-card-processing","status":"publish","type":"post","link":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/?p=146","title":{"rendered":"Beware of Costco&#8217;s ficticious low rates for credit card processing!"},"content":{"rendered":"<p>obviously impossible as those prices are below water so they downgrade every transaction to a much higher rate of well over 3% They even tell you so on your application. they have horrendous customer service as they of course aren&#8217;t the acquirer they go through the old  Novus now Elavon and they get a kickback on the residuals. they also have a monthly minimum of $25 and a hefty annual fee over $100.<\/p>\n<p>Below are just a few tidbits. Never ever refer a client of yours to Costco because you will wind up losing clients.<\/p>\n<p>http:\/\/www.ripoffreport.com\/Search\/Company\/Elavon-Merchant-Services.aspx<\/p>\n<p>http:\/\/hubpages.com\/hub\/The-Truth-About-Costco-Merchant-Services<\/p>\n<p>http:\/\/todesignx.wordpress.com\/2010\/01\/29\/has-elavon-electronic-business-exchange-system-credit-card-processing-processor-been-charging-you-excessive-unauthorized-unnotified-fees-also\/<\/p>\n<p>http:\/\/www.braintreepaymentsolutions.com\/blog\/rule-breakers-in-the-credit-card-processing-industry<\/p>\n<p>http:\/\/www.complaintsboard.com\/complaints\/elavon-c196430.html<\/p>\n","protected":false},"excerpt":{"rendered":"<p>obviously impossible as those prices are below water so they downgrade every transaction to a much higher rate of well over 3% They even tell you so on your application. they have horrendous customer service as they of course aren&#8217;t the acquirer they go through the old Novus now Elavon and they get a kickback &hellip; <a href=\"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/?p=146\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Beware of Costco&#8217;s ficticious low rates for credit card processing!<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-146","post","type-post","status-publish","format-standard","hentry","category-news-update"],"_links":{"self":[{"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=146"}],"version-history":[{"count":1,"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/146\/revisions"}],"predecessor-version":[{"id":190,"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/146\/revisions\/190"}],"wp:attachment":[{"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paymentconsulting.net\/Blog\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}