Costco Executive Members could save an average of $738 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 May 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 based on Elavon’s analysis of The Strawhecker Group’s industry data on payment processing services as of May 2018 on net revenue from merchants of a similar size and type compared to the portfolio. Actual savings will depend on business type, card type, manner of card acceptance and volume of transactions.
***Visa/MasterCard/Discover service is sponsored through Elavon. Rates listed are for qualified transactions. A monthly minimum charge applies when total 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.
† Non-Executive Members pay application fees and monthly statement fees.