An Elavon Reseller
Costco Merchant Services is the merchant services division of Costco, a well-known wholesale retailer. Costco Merchant Services is actually a reseller of Elavon contracts, and this relationship was indicated clearly on the department’s former website. Elavon is part of U.S. Bank’s (U.S. Bancorp’s) payment services division. This means that businesses that sign up for a merchant account through Costco will receive the processing services of Elavon.
It should be noted that the CostCo Merchant Services website is down as of July 2021. It is currently unclear what, if anything, this changes about the service, and we will update as information becomes available.
Costco Headquarters and Ownership
Founded in 1976, Costco’s headquarters are located at 999 Lake Dr. Ste 200, Issaquah, Washington 98027-8982. W. Craig Jelinek is the president and CEO of Costco.
Costco Merchant Services Review
- Costs & Contract: Costco Merchant Services offers a three-year contract through Elavon with no early termination fee.
- Complaints & Service: Costco Merchant Services has received more than 10 public complaints.
- BBB Rating: Costco Merchant Services does not have a profile with the Better Business Bureau at this time.
- Sales & Marketing: Costco Merchant Services does not appear to hire independent sales agents and has received a low number of complaints about its sales practices.
- Rates & Fees: How Merchants Got The Best Rates With Costco Merchant Services