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:
Get more services without the extra fees.
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.
