Fattmerchant vs Chase Merchant Services (Chase Paymentech)

Fattmerchant Payment Processing

Choosing the right payment processing service with an array of options, tools, and pricing is important for the success of your business. With hundreds of merchant services providers in the U.S. offering credit card processing services, it can be a bit confusing. To add to the perplexity there are noticeable cost differences when comparing bank-owned services, like Chase Merchant Services, or a dedicated merchant services provider, like Fattmerchant. 

Although it might seem convenient to process with the bank your business is already working with, bank merchant services are usually the most expensive option for businesses. Banks like Chase often require contract terms with early termination fees. 

We’ve taken a deeper look at Chase Merchant Services, also known as Chase Paymentech, to see how their payment tech and offerings compare to Fattmerchant payment processing services. 

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Chase Paymentech

For over 25 years Chase Paymentech has been providing merchant services to some of the world’s largest brands, new e-commerce start-ups, and thousands of small businesses. Chase merchant services include point of sale payment tools including mobile payment tools, stand-alone terminals and a virtual terminal for touch-free processing.  

Aside from a few exceptions, there are no monthly fees and long-term contracts. However, users note some long-term fees when renting POS equipment. This offer is limited to one terminal per processor. 

A not so comforting issue is that Chase Merchant Services no longer discloses any of its processing rates on its website.  You can choose either flat-rate pricing or interchange-plus. Its flat-rate pricing plan is designed for small businesses, and the rates are comparable to those charged by Square. 

Chase Merchant Services Pricing:

  • 2.99% + $0.15 per swiped, dipped, or tapped transaction
  • 2.90% + $0.25 per online or keyed-in transaction

The high per-transaction cost with Chase Paymentech means the more you make in a month, the more you pay. Chase Merchant Services does not offer deposit products and its services are not guaranteed or insured by the FDIC or any other governmental agency.

Fattmerchant Services

Ranked as one of the best merchant services companies nationally, Fattmerchant is a subscription-based merchant service provider with total transparency built into its model. All merchants have access to direct cost payment processing with 0% markups, no contracts, and no hidden fees. Fattmerchant also sells terminals outright, so you’re never locked into a contract. 

While Fattmerchant isn’t as old as Chase Paymentech, our membership pricing provides competitive value and service. In many cases, Fattmerchant offers more value at a lower cost than most merchant services providers including Chase. This is thanks to our 0% markup and high-quality Omni integrated payments platform.

With Omni payment solutions powered by Fattmerchant, you can manage your financials, payments, customer management, inventory, and more all under one roof.  

For Businesses Processing Up to $500,000 Annually: $99/month + direct interchange

  • $0.08 per swiped, dipped, or tapped transaction
  • $0.15 per online or keyed-in transaction

For Businesses Processing Over $500,000 Annually: $199/month + direct interchange

  • Swiped: $0.08 per transaction
  • Keyed: $0.15 per transaction

Fattmerchant’s Key Features:

  • Subscription-based pricing
  • No contracts or markups
  • Real-time data and analytics dashboard
  • 24/7 in-house customer service
  • Over 200 available software integrations
  • 2-way QuickBooks integration
  • Free PCI compliance assistance
  • Mobile processing
  • Payment gateways
  • Next day funding for approved businesses
  • Integration with most established POS system

Subscription vs. Bank Scenario #1

CP Cost of Processing $18,000 per Month

4 sales per day x $150 per sale x 30 days = $18,000/month

Fattmerchant*SquareCHASE Bank
$306.60$480.00$556.20

Subscription vs. Bank Scenario #2

CNP Cost of Processing $45,000 per Month

3 sales per day x $500 per sale x 30 days = $45,000/month

Fattmerchant*SquareCHASE Bank
$981$1,588.50$1327.50


It truly pays to understand exactly what payment processing service will work best for your business as you explore your options. The right merchant services company should be transparent and serve your business’ needs. With Fattmerchant, your card processing statement is simple. All you pay is a monthly membership which provides you with access to the direct cost of interchange and absolutely no extra fees. 

We take pride in never adding hidden charges or payment processing fees while offering the highest quality customer service around. Interested in finding out how Fattmerchant can help you save on credit card processing fees? We will be happy to answer your questions and see how we can best support your business.


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