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CardProcessor Guide
F

Fiserv (First Data)

Interchange-plus or Tiered · Est. 1984 · Brookfield, WI

One of the largest payment processors in the world after merging with First Data. Powers Clover POS and serves millions of merchants globally.

Fiserv (First Data) Processing Rates

In-Person

Varies (interchange-plus or tiered)

Online

Varies (interchange-plus or tiered)

International

Varies

Currency Conversion

Varies

Monthly Fee: $0–$100+ depending on plan
Pricing Model: Interchange-plus or Tiered

Best For

Mid-size to enterprise businesses, Clover POS users

Pros

  • Massive scale and reliability
  • Clover POS ecosystem
  • Interchange-plus pricing available
  • Wide range of hardware options
  • Strong in-person payment capabilities

Cons

  • Pricing is not transparent — requires negotiation
  • Long-term contracts with early termination fees
  • Customer service varies by reseller

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