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Elavon has served as Costco members’ exclusive payment processor for 29 years, delivering exceptional value to members through competitive rates and fees, cost effective point of sale equipment, and dependable 24/7 support. Elavon enables members to accept credit and debit card payments, mobile wallets, gift cards and more. Over the course of the partnership, there has been a continuous focus on enhancing the product offerings to provide the latest payment processing capabilities for members and their customers.
As a Costco member, you get a trusted, reliable payment solution built to keep transactions smooth and your business running efficiently.
Reduce your business expenses. Costco Members could save an average of $2,032 per year.**
Get your funds quickly. Whether you’re comfortable with a 1-to-2 business day timeframe, or need funds faster, we offer flexible funding options.
Save time with helpful features. Inventory and employee management are just some of the many features that help reduce time spent on back-office tasks.
Access reporting anytime. Quickly pull up-to-date, customizable reports so you have the data you need throughout the day.
Rates start as low as 1.10% plus 12 cents per qualified in-person swiped or chip transaction.*
Elavon is fabulous! When we open new clinics all I have to do is email my customer account manager and she takes care of everything. Very professional and most helpful. My customer account manager makes my job easier!
Jamie Landrum
Sugar Hill Practice Management
Actual customer not pictured
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1Must be a U.S. Costco Executive member. To qualify for this promotion, you must sign up within 9 days of the email send date and get approved for a new Elavon merchant account within 30 days of receiving this Costco Weekly Insider email. The account must be activated within 60 days of account approval by processing and settling a batch for at least $100. The account must have at least 30 days of processing. Merchant accounts have to be activated and actively accepting payment transactions for a minimum of 30 days and be in an open status at the time of the award. The Digital Costco Shop Card will be emailed 12 weeks after account activation. Digital Costco Shop Cards are not accepted at Costco Gas Stations, Car Washes or Food Court Kiosks. Digital Costco Shop Cards are not redeemable for cash, except as required by law and cannot be applied to offset monthly merchant account fees. Limit one per member. Services provided by Elavon.
**Estimated savings are calculated on annual processing rates and are based on Elavon's analysis of The Strawhecker Group’s industry data survey in payment processing services as of December 2025 on net revenue from merchants of a similar size and type compared to the portfolio. Actual savings will depend on business type, card type, and manner of card acceptance and volume of transactions. Non-Executive Members pay an Application Fee and Monthly Statement Fees. Services provided by Elavon.
*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 1-844-569-9811 for all terms and conditions.
2Must be a U.S. Costco member. Terminal rental pricing starts at $8 for the Desk 3500 countertop unit. Other models are available at a higher rental cost. Installation, usage and other fees and taxes may apply. Purchase option is also available. Features and functionality may vary per terminal model. Services provided by Elavon.