Wells Fargo Merchant Services vs Fattmerchant Services

credit card

Finding the payment processor that’s right for your business is important in its success. You don’t want to see your business losing money. Which is why you need the best processing rates for the absolute best services and latest technology. Today, we’ll be looking at Wells Fargo Merchant Services and how it stacks up against Fattmerchant.

Wells Fargo Merchant Services

In addition to its regular banking service, Wells Fargo also offers credit card processing. The Wells Fargo Merchant Services website is a bit confusing to navigate, but they do offer standard merchant account services.

As far as pricing goes, Wells Fargo offers two options:

  • 2.6% + $0.15 per swiped, dipped, or tapped transaction
  • 3.4% + $0.15 per online or keyed-in transaction.

Along with these rates, there’s a $9.95 monthly fee for in-person transactions, and a $24.95 fee for online transactions. There’s also a $5 monthly fee per business location if you have a non-Wells Fargo deposit account.

Key Features of Wells Fargo Merchant Services: 

  • Mobile payments
  • EMV chip technology
  • Clover hardware
  • Payment gateway/eCommerce processing
  • Custom gift cards for businesses
  • Next-day funding

The most noticeable thing about Wells Fargo’s services are the fees, especially if your business has multiple locations. You’ll be paying those fees every month. Wells Fargo also states that there may even be other fees you’ll have to pay on top of the $9.95 and $24.95 fee. That’s a lot to take into account, especially if you’re a small business.


Fattmerchant is a subscription-based merchant service provider that gives merchants access to the direct cost of interchange in exchange for a flat monthly fee. This means that all merchants pay each month is their monthly subscription, interchange costs (direct costs from Visa, Mastercard, and other card brands), and the cost per transaction outlined in their subscription. That’s it. No hidden fees, no markups, and complete transparency.

Besides processing, merchants have access to their data and analytics through the Omni platform. You can manage your entire payment experience from our all-in-one platform. You’ll never pay an extra fee for PCI compliance, statements, or for switching to another provider.

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 systems

Fattmerchant is easy to set up, so you can get processing right away. The Omni platform is home to all of your most vital data, like sales trends and outstanding payments. Plus, you’ll never be locked into a contract or have to pay extra fees. See how it works in detail here!

Previous Post
The Cash Flow Statement Template Your Business is Missing
Next Post
eCommerce vs Traditional Commerce: Should You Have Both?