Chase Payment Solutions 2025 Review: Fees, Pros & Cons
Chase Payment Solutions incorporates payment processing services and banking under the same roof.
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Managing Editor Chase Payment Solutions offers small-business owners payment processing with a familiar name. But limited hardware options could make alternatives such as Square and Clover better options for some businesses.
FEATURED
Chase Chase Payment Solutions℠
Bonus Amount
Get $100 off the Chase Point of Sale (POS)℠ Terminal. on Chase's website
What is Chase Payment Solutions?
Chase Payment Solutions is a payments processor and an acquiring bank in merchant transactions. These kinds of providers — often called direct processors — offer small businesses a two-in-one experience that can streamline the steps toward successfully getting paid.
Chase Payment Solutions pricing
Payment processing fees
2.6% plus 10 cents for in-person transactions.
2.9% plus 25 cents for online transactions.
3.5% plus 10 cents for keyed transactions and invoicing.
Monthly fees
Chase Payment Solutions typically doesn't charge monthly fees or have long-term contracts. However, there may be exceptions for the following types of businesses:
- Businesses that need to process multiple currencies.
- Businesses that process over $5 million in credit and debit sales.
- Businesses that have specific software or connectivity requirements.
Those businesses may be subject to additional terms and conditions, which might include early termination fees.
Hardware cost
$129 for Chase Card Reader and Base bundle.
$399 for Chase Countertop Terminal.
$499 for Chase Wireless Terminal.
$499 for Chase POS Terminal.
Integrations
Chase Payment Solutions integrates with popular platforms, including:
Advantages of Chase Payment Solutions
Big name
Chase is a global brand that also offers business credit cards, business lending and other services. That can be an advantage for small-business owners who don’t want to juggle a bunch of financial relationships.
Two-in-one processor and acquiring bank
Most payment processing systems have to connect with a separate acquiring bank during each transaction. But because Chase is both a payments processor and an acquiring bank, there will be fewer handoffs in the process and fewer stakeholders that need to get paid.
Disadvantages of Chase Payment Solutions
Unclear pricing
Chase Payment Solutions posts its transaction fees on its website, but there is still some lack of transparency on its POS options. You may need to speak to a payment specialist for pricing details.
Alternatives to Chase Payment Solutions
Square
Pricing:
2.6% plus 15 cents for in-person transactions with all free plans.
2.6% plus 10 cents for in-person transactions with paid restaurant plans.
2.5% plus 10 cents for in-person transactions with paid retail and appointments plans.
2.9% plus 30 cents for online transactions.
3.5% plus 15 cents for manually keyed transactions.
3.3% plus 30 cents for invoices.
Why we like it: Square point-of-sale systems offer up more features than what Chase offers — you’ll be able to manage employees, manage inventory, create a streamlined checkout process and sell gift cards to customers. In addition, Square’s point-of-sale devices include more than a card reader; you can also get a stand and register. Square also offers Tap to Pay on iPhone, which lets merchants accept card payments using only a regular iPhone with the Square POS app. Read our full Square POS review.
Clover
Pricing:
- 2.3% plus 10 cents for in-person transactions on Full-Service and Quick-Service Restaurant plans.
- 2.5% plus 10 cents for in-person transactions on Retail Standard and Advanced plans, Professional and Personal Services Standard and Advanced plans, and the Home and Field Services Advanced plan.
- 2.6% plus 10 cents for in-person transactions on the Retail and Personal Services Starter plans and the Home and Field Services Standard plan.
- 3.5% plus 10 cents for online or keyed-in transactions.
Why we like it: If you want a wider range of point-of-sale device options than you can get from Chase, consider Clover. It offers the Clover Go, the Clover Flex, the Clover Mini and the Clover Station. Only the Clover Go requires a smart device to process payments, while the other options come fully equipped. Clover also offers up more point-of-sale software options with features and pricing geared toward specific types of businesses. Read our full Clover POS review.
PayPal
Pricing:
Tap to see the full fee list
| PayPal product | Per-transaction rate | Per-transaction fee | Notes |
|---|---|---|---|
| Digital payments (invoicing, checkout, pay with Venmo and other commercial transactions) | 3.49%. | $0.49. | |
| Send/receive money for goods and services | 2.89%. | $0.49. | |
| Standard credit/debit card payments | 2.99%. | $0.49. | |
| Donations | 2.89%. | $0.49. | |
| Charity transactions | 1.99%. | $0.49. | |
| Alternative payment methods | 2.59%. | $0.49. | |
| PayPal Here (legacy offering for in-person payments) | |||
| Card present or QR code | 2.7%. | No fee. | |
| Keyed | 3.5%. | $0.15. | |
| PayPal POS (for in-person payments) | |||
| Card present or QR code | 2.29%. | $0.09. | |
| Keyed | 3.49%. | $0.09. | |
| QR code transactions | |||
| Over $10 | 1.9%. | $0.10. | |
| Under $10 | 2.4%. | $0.05. | |
| Online card payment services | |||
| Advanced credit / debit card | 2.59%. | $0.49. | Per transaction rate is 3.5% for AmEx. |
| Payments Advanced | 2.89%. | $0.49. | $5 monthly fee. |
| Payments Pro | 2.89%. | $0.49. | $30 monthly fee. |
| Virtual terminal | 3.09%. | $0.49. | Per transaction rate is 3.5% for AmEx. There is also a $30 monthly fee. |
Why we like it: Chase requires you to open a dedicated merchant account to accept credit card transactions, and if you don't already have a Chase Business Complete Bank account, the process isn't instantaneous. However, PayPal uses an aggregated merchant account, which can speed up that process if you need to start accepting payments quickly.
PayPal is also a great option for small businesses processing a lot of online payments because it’s built specifically for online. PayPal Zettle provides a card reader for in-person transactions. Read our full PayPal Business review.
A version of this article was first published on Fundera, a subsidiary of NerdWallet.
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