What Clover Fees You Might See Before You Sign
Clover's own pages do not post one flat processing rate. Here is the fee structure it does describe, and where to confirm the rest.
A search for Clover fees often hopes for one number. Clover's own page does not give one for card processing, and that is the first thing to understand. Clover sells card readers and software. Clover's pricing page, as quoted here, states a fee for Rapid Deposit but no rate for each card sale. So the fee picture has several parts, and each part gets confirmed in a different place.
Why there is no single Clover fee on its page
Clover's page describes its devices and its software plans. Clover's page says Clover accounts are subject to approval, including credit approval. The processing rate is not a flat published number on Clover's page.
The fee categories to expect
A Clover merchant can run into five kinds of charges. First, the device or terminal itself. Second, Clover software, which Clover's page ties to a promotional offer for qualified merchants of selected business types. Third, the rate you pay on each sale, which the Clover page quoted here does not state. Fourth, charges for certain Clover apps, services or activated accounts, which Clover's page says may apply. Fifth, optional services you can switch on, such as Rapid Deposit.
Per-transaction processing fees
This is what most people mean when they ask about Clover fees. It is the one part Clover's page does not price. Clover's page says a Clover point-of-sale credit card processing device does not convey or guarantee approval. Clover's page also says devices ship only after your application is approved. Ask Clover for your exact processing rate in writing before you buy hardware.
Software and app fees
Clover's page says additional fees may apply to certain Clover apps, services or activated accounts. In practice, that means the software subscription may not be the whole software cost. Apps from the marketplace can carry their own charges. Some services or account features may cost more once you turn them on. Read the app's own terms before you install it, and ask which features on your plan cost extra.
Rapid Deposit and other optional services
Rapid Deposit is a speed upgrade, not a required charge. Clover's pricing page says Rapid Deposit gets funds within minutes of a credit card sale for a 1.75% fee. If you do pay for speed often, count those fees as part of your processing cost. We walk through that math in Paying to Be Paid Tonight.
Approval, eligibility and promotional pricing
The advertised software price may not be the price you are offered. Clover's page says new accounts require standard credit approval and underwriting. Clover's page says eligibility is determined solely by First Data Merchant Services LLC. On the promotional side, Clover's page says the Clover Software Promotional offer is valid for qualified merchants of selected business types. Clover's page says the limit is one reward per business relationship, regardless of the number of business locations. Clover's page says the offer is not valid with any other offer and is subject to change without notice. The trial has its own rules. Clover's page says it runs for 90 consecutive calendar days and cannot be paused or extended. Clover's page also says a merchant is eligible for only one free trial during their lifecycle.
How to figure out your own Clover fee picture
Before you sign, confirm four things. One, the price of the terminal you want. Two, the software subscription for your plan. Ask if the promotional rate fits your business type. Three, your processing rate. Get it in writing before you sign. Four, which apps you need and what each one costs. Ask what a typical sale of yours would cost end to end. Want to see how a percentage plus a flat fee works on a real sale? Read A Forty Dollar Sale at the Counter. Published prices change, so check Clover's page and your provider's quote on the day you sign.