Costco credit card processing is probably a bit of a misnomer, as technically merchants choosing to work with Costco will find that they are actually signing up with Elavon.
This arrangement looks to have been created to provide Costco with the ability to offer customized rate packages to their members, while giving Elavon a more well known name to work with.
The rates that Elavon offers to merchants signing up through Costco are very competitive and many merchants will be happy working with them.
Some of the weakness that come with this relationship is that Costco is not involved in the process anymore than providing merchants with a recommendation. Merchants will be working with Elavon for all their credit card processing needs, so if you are planning on having customer service or statements from Elavon you are in for a surprise.
Note: Before you get started here is a final piece of advice from our co-founder Gerald Evans on the importance of calling a merchant service provider and avoiding the temptation to ask for rates and quotes through email alone. Why You Should Always Call
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