Chase's rates, and the fees it does not name.

What it actually is

Chase Payment Solutions is the merchant services arm of a bank. That matters structurally: the merchant account is with the bank, you are underwritten in your own right, and the money moves between two accounts at the same institution.

That last point is where its one distinguishing published feature comes from. Chase publishes same-day deposits at no additional cost, provided the funds land in a Chase business checking account. Most of this market publishes next business day at best, and charges a percentage for anything faster.

Pricing is flat rate: 2.6% + 10¢ tapped, dipped or swiped; 3.5% + 10¢ keyed or by payment link; 2.9% + 25¢ e-commerce. Competitive figures, and the usual flat-rate limitation applies — one number for every card, whatever that card actually cost. Flat rate versus interchange-plus.

PayPal — 2.29% + 9¢$1.24

Chase — 2.6% + 10¢$1.40

Clover direct — 2.6% + 10¢$1.40

Square — 2.6% + 15¢$1.45

Every published price

Chase Payment Solutions publishes these at www.chase.com. Read 2026-10-08.

Also published:

• Same-day funding is the distinguishing published feature, and it requires a Chase business checking account

Published prices change. These are list prices for a business buying direct, read on the date above, and a quote you are given may differ.

What it costs in practice

At a $45 average ticket:

$30,000 a month (667 transactions): $780 + $66.70 = $846.70, an effective rate of 2.82%.

$80,000 a month (1,778 transactions): $2,080 + $177.80 = $2,257.80, still 2.82%.

That compares well with Square’s free tier at 2.93% on the same assumptions, and the 10¢ per-item is at the low end of the published flat rates.

The gap is the monthly fees. Chase’s page says monthly fees may apply to certain products and pricing plans, without naming them. A $20 monthly fee would add 0.067% at $30,000 a month — enough to reverse the advantage over Square’s free plan at that volume. Turn that sentence into numbers before comparing anything.

Same-day funding has a condition worth pricing. If you bank elsewhere, the headline feature does not apply unless you move your banking, and that is a decision with consequences beyond processing. Confirm the cutoff times too, because a same-day deposit with an early cutoff is a next-day deposit for an evening trade. Funding times.

What it is good at

Same-day deposits at no extra cost is the real differentiator, and for a business where cash flow timing bites it is worth more than the rate difference between any two providers here. Next day versus same day.

The rates are competitive and published. 2.6% + 10¢ card present is better than Square’s free tier and matches Clover’s direct retail rate.

It is a bank account with a bank. Underwritten, with an acquirer that is also your bank, which is about as sturdy as this gets and is a genuine advantage over an aggregator. Merchant account versus aggregator.

One institution for banking and payments, which simplifies reconciliation and gives you a single relationship to escalate through.

Where it costs you

The unnamed monthly fees. “Monthly fees may apply to certain products and pricing plans” is the sentence to resolve before anything else. It is not unusual and it is not sinister; it is simply the gap between this page and a complete comparison.

The flat rate at volume. Same limitation as every flat rate: above roughly $25,000 to $40,000 a month in card volume, interchange-plus generally costs less, and you lose the same-day funding arrangement in the process. That trade is a real one and worth weighing rather than assuming.

Same-day funding is conditional on banking with Chase, which is a larger decision than a processing one.

No published contract term, monthly minimum or chargeback fee. Three more things to get in writing.

The software is a payment tool, not a business platform. If you want inventory, staff and reporting, you are buying that separately. Square against Chase.

Who it suits, and who it does not

Chase suits a business that already banks with Chase and values same-day access to its card money — that combination is where this offer is genuinely strong and hard to match.

It also suits a business that wants a bank relationship and underwriting rather than an aggregator, at rates that are competitive rather than a premium for the privilege.

It does not suit a business banking elsewhere that does not want to move, nor one at volume where interchange-plus would save more than the funding speed is worth, nor one wanting the operational software a platform provides.

Before signing: get the monthly fees named, the term, the minimum, the chargeback fee and the same-day cutoff times, in writing.

What we charge

Interchange + 0.50% + 10¢ in person, interchange + 0.75% + 25¢ keyed, with no contract, no monthly fee and no monthly minimum.

Chase Payment Solutions publishes its rate, which makes this easy to settle: work out your effective rate from a statement and compare it to interchange plus our published margin at your own card mix. Below roughly $12,000 a month in card volume we will usually tell you to stay where you are.

While we are on the subject

What are Chase's monthly fees?

Not published. The fee page says monthly fees may apply to certain products and pricing plans, so ask for the specific figures for the plan you are offered.

Do I need a Chase bank account for same-day deposits?

Yes. The published same-day funding applies to funds going into a Chase business checking account.

Is Chase cheaper than Square?

On published rates, yes — 5¢ less per in-person item and a cheaper e-commerce rate than Square’s free tier. The unpublished monthly fees could change that.

Is Chase a real merchant account?

Yes. The account is with the bank and you are underwritten in your own right, rather than being a sub-merchant under an aggregator.