Costco Executive Members could save an average of $894 per year!**
Get Special Benefits Just for Costco Members*
- No application fee for Executive Members
- No statement fees for Executive Members
- No cancellation fee or early termination fees
- No annual fees
- No batch fees
- No reporting fees
- No additional authorization fees
- Cost savings analysis
- Low $10 chargeback fee
- Low retail qualified Visa/MasterCard/Discover rate
- Low reward/mileage qualified Visa/MasterCard/Discover rate
- Low mail order, phone order and Internet qualified Visa/MasterCard/Discover rate
*Must be a U.S. Costco member. The $149 setup fee discount for Converge is for new and existing Elavon customers who purchase Converge by August 31, 2019. $5 per month fee is in addition to regular processing rates and fees. Discount will be applied to the prices at the time of purchase. 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 January 2019 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..
† Non-Executive Members pay application fees and monthly statement fees.