Through its partnership with First Data, Sam's Club offers a number of merchant services for accepting payments, knowing customers and rewarding loyalty. Sam's Club offerings are designed to minimize the amount of time that business owners have to spend on operations, which is key for busy business owners looking to grow their business.
Sam's Club and First Data have multiple point of sale, marketing, ecommerce, mobile and security solutions. Combined with two main types of rate plans, the goal of Sam's Club is to service businesses of different sizes and provide solutions that help save time, save money and run their business better.
Sam's Club marketing solutions include Clover Rewards, Clover Gift Cards for Business and Clover Insights. All three offerings are designed to maximize customer retention. Clover Gateway and Clover Go provide ecommerce & mobile functionality, while Clover Security with secure chip card reading capability can help businesses keep all of their transactions & data secure.
There are five different point of sale solutions available through Sam's Club Merchant Services. They are Clover Station, Mini, Mobile and Go, along with First Data FD130. All five wireless solutions make it possible for a business to accept credit and debit cards. With the exception of the Clover Go, touchless payments are also a standard feature, which is becoming increasingly important as this payment method trends upward. Other available features, depending on the specific device, are accepting checks and gift cards, as well as handheld functionality and support for peripheral devices.
Sam's Club offers two types of pricing plans to merchants. The first is their OneRate Plan. Starting at just $19 a month for merchants who process less than $800 in transactions, this flat-rate processing plan doesn't have downgrades, surcharges, monthly minimums, additional processing fees or early termination fees. There's also $39 and $79 OneRate tiers for higher volumes.
The ValueRate Plan is the other available option. This plan starts at 1.29% plus $0.15 per transaction. The plan only has a $5 monthly minimum and no early termination fees. Depending on the type of business, the rate can increase to 1.89% plus $0.28 per transaction.
One of the selling points that Sam's Club emphasizes is its dedicated support. Businesses have access to a 24/7 support line. Sam's Club and First Data are both committed to ongoing communication with businesses, even after your business hours.
The Good: First Data, a market leader, serves over six million businesses around the world which is why Sam’s Club partnered with First Data to be their exclusive business payment solution it offers for to their business member.
The Bad: Sam's Club no early termination fee policy only applies to accounts that are cancelled within the first ninety days.
The Ugly: None
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