Overview
Sam’s Club Merchant Services is a co-branded payment processing program offered through Sam’s Club, a wholesale retail division of Walmart Inc., in partnership with Fiserv and its Clover point-of-sale platform. Sam’s Club acts as a reseller of the underlying service: Fiserv (formerly First Data) handles transaction processing while Clover provides the POS hardware and software. The program is offered to Sam’s Club business members and was rebranded by Sam’s Club as “Sam’s Club Point of Sale by Clover” in 2022.
Products and Services
The service supports acceptance of major credit and debit cards through countertop POS terminals, mobile card readers, virtual terminals, and online payment gateways, with reporting and integrations provided through the Clover platform. Customer support for accounts opened through the Sam’s Club program is handled by Clover.
Pricing
Processing Rates
Sam’s Club Merchant Services does not publish its full pricing schedule on its website. Pricing reported by user reviews and expert content is a tiered structure with a swiped or qualified rate of 2.29% plus $0.19 per transaction and a keyed rate of 3.29% plus $0.19 per transaction. Non-qualified transactions are reported to carry an additional surcharge of approximately 1.49%.
Other Fees
Reported by user reviews and expert content, additional fees include an annual PCI compliance fee of $49.95 and an early termination fee of $90. Reviews indicate that contract terms, monthly minimums, and incidental fees are not consistently disclosed up front and depend on the individual merchant processing agreement signed with Fiserv.
Legal & Regulatory Actions
Floyd v. First Data Merchant Services LLC (TCPA Class Action)
A Telephone Consumer Protection Act class action filed in the U.S. District Court for the Northern District of California (Case No. 5:20-cv-02162) named First Data Merchant Services and addressed telemarketing calls and text messages promoting First Data and Sam’s Club Merchant Services. The court granted final approval of the settlement in October 2022, with claimants receiving approximately $202.57 each. The settlement class covered persons in the United States who received qualifying calls or texts between March 30, 2016 and the date of preliminary approval. See the case docket at CourtListener.
Contact
Ownership/Leadership: Chris Nicholas (President and CEO, Sam’s Club)
Website:samsclubms.com
Merchant Reports
Write a review →As a small business owner, Sam’s Club Merchant Services gave me exactly what I needed—straightforward setup, great pricing, and the convenience of working with a name I already trust. It was simple to get started, and everything runs smoothly. The savings and support are a huge bonus.