The transaction fee for some of its most basic solutions stands at 2.6% & $0.10 for card-swipe transactions, and 3.5% & $0.15 for key-entered transactions. Similar to other merchant services providers, Elavon levies its transaction fee on a per-transaction basis. It all depends upon the equipment’s features. In comparison, you only need to pay a $20 setup fee for its Ingenico MOVE/5000. For instance, if you select the company’s smartphone POS solution labeled the Roam RP457c, you need to pay a $149 setup fee. Knowing about these details helps you make an informed decision while looking for a merchant services provider.Įlavon payment processing has different setup fees available for various POS equipment. Since the company offers payment processing solutions across various mediums, it also has different pricing packages in place. While looking into Elavon merchant services, the first factor that you need to consider is the company’s pricing structure. Learn More Elavon Payment Processing Fees This is how Evalon payment processing compares to Stax. This lets you make an informed decision under your budget, requirements, and overall needs for payment processing. It is essential that you know about Elavon and how its services compare to other options.
This is especially true for small and medium-sized businesses (SMBs) or self-employed professionals who cannot pay premium prices without compromising their profits. Due to this reason, the company’s merchant services falter in its overall accessibility. The real-time examples of these solutions can be seen in Elavon’s client portfolio, which includes names such as White Castle.ĭespite excelling at its services and boasting of high-profile clients, Elavon merchant services often fall short of delivering affordable prices for its solutions.
This includes sectors such as retail, restaurant, healthcare, travel, and professional services. The variety of merchant services solutions offered by Elavon makes it a robust payment service for various industries and businesses. The firm also provides in-app payment solutions for those vendors who want to process payments through mobile applications. Elavon payment processing range across multiple modalities, including retail point-of-sale (POS) terminals, mobile POS machines, and online payment gateways. Based out of Atlanta, Georgia, the firm ranks among the top payment processors in the United States. These fees typically are the largest portion of the costs for card acceptance and processing.Founded in 1991, Elavon Payment Processing Solutions is a merchant services provider known for its global outreach and expansive payment network.
Interchange fees are set by the card networks – such as Visa®, Discover® and MasterCard® – and vary depending on card type, the type of business and the method of payment transaction acceptance.
Processor fees may be a percentage or fixed amount, and are based on the business' transaction amounts, frequencies and types.The rate is determined by several factors, including the number of transactions per month, average transaction amount, type of industry, and how the card is presented. The discount rate is used to calculate the amount your business must pay for each transaction.For credit and debit card processing, these costs can be broken down into three different types: discount rates, processor fees and interchange fees. The pricing for Merchant Services involves a variety of card acceptance and processing costs that may be charged periodically, per item or on a transaction percentage basis.