Understanding Credit Card Processing fees thru Cobalt.

Know what you’ll pay from the start with transparent pricing. When a customer makes a purchase at your business, Cobalt only keeps a small fraction of the fees, and most of that goes right back into your business.

Card-present payments

Processing rate start at

2.49% + 10 cents

per transaction

Processing method

When a customer taps, dips, or swipes their card in person, you pay 2.49% + 10 cents per transaction. There is a lower risk of fraudulent activity when the cardholder is present.

Card-not-present payments

Processing rate

3.49% + 15 cents

per transaction

Processing method

When you manually key in your customer’s card details or use a card on file, the fee is 3.49% + 15 cents.

2.89% + 20 cents

per transaction

When a customer makes a purchase through your eCommerce Online Store, Cobalt Virtual Terminal, Online Checkout, eCommerce API, or pays an invoice via Bill-Pay service via NMI, the fee is 2.89% + 20 cents for cards or 1% with a minimum $1 per transaction for ACH bank transfers (via Invoices only).

Keep more of what you make with Clover.

On average, 97.50%* of your sales stay in your pocket.

Here’s a breakdown of where the 2.95%* fee goes when you sell with Clover:

63%

Interchange Fees

When Clover processes a transaction on your behalf, Clover is required to give a percentage of the funds collected to your customer’s card issuer.

Assessment Fees

Clover is required to give a percentage of the amount collected from your customer to associations — like Mastercard or Visa — as dues and assessments.

3%

Risk and PCI compliance

Clover products are made with end-to-end encryption and support your PCI compliance so you don’t have to pay extra for your data security.

34%

Clover Services

Get more services without the extra fees.

  • PCI compliant hardware

  • Dispute management

  • Active fraud prevention

  • End-to-end encrypted payments

  • Connected POS and processing

  • PCI compliant hardware

  • Live phone support

We advocate on your behalf. Merchants in the U.S. pay over $100 billion every year in interchange fees for electronic payments — a growth of 72% from 2009 to 2018. A large portion of these fees go toward paying cash back and other rewards programs for card members. At Cobalt, we have an entire team that works on sellers’ behalf to negotiate with banks and card networks to keep rates as low as possible for our sellers.

Hear what other business owners have to say about how industry costs and interchange fees work.

Free Clover tools and features

With Cobalt Payments, you benefit from many resources designed to help run & grow your business — at no additional cost.

Clover Go POS and online solutions

Signup & Approved with Cobalt Today- Get A Free Clover Go Gen3 so you can start accepting credit cards, Debit Card, EMV/ NFC payments right away without any up-front investment.

Dispute management

Get free dispute management services for chargebacks. We cover the fee for every dispute that we fight on your behalf.

Fraud prevention

Fraud can happen in both low-risk transactions and higher-risk transactions such as card-not-present purchases. Rest assured we’re working around the clock to evaluate the legitimacy of your buyers to protect your business.

Advanced reporting tools

Access important data and powerful tools straight from your Clover POS Dashboard so you can easily keep track of your sales and make important decisions about your business.

No fees for refunds

When you issue a refund, your customer is refunded their full purchase amount, and you are refunded the interchange fees.

Customer Director

Keep your customers’ information organized and secure. Use it to send emails, make appointments, or send invoices.

Clover support

In-house phone support is available from 8 a.m. to 6 p.m. EST, or you can email them anytime, 24/7.

Inventory management

Change item details like price, name, or quantity in real time. Upload groups of items faster, track stock quantities, and get email alerts when items run low.

HomeBase App

Track team hours, breaks, and sales by employee. Free timecards that sync seamlessly to Clover Point of Sale make Employee Management & Pay-Roll simple.

Custom pricing just
for your business.

If you’re processing more than $125,000 every year, you might be able to have a custom pricing package designed for your business. Custom pricing will vary depending on your processing volume, average ticket size, your history as a Cobalt Retailer, and other factors.

Start taking payments today.

Accept payments quickly. Get paid fast.