Here's something most Clover users don't know: Clover doesn't have one standard processing rate. Your rate depends entirely on which reseller sold you the system. Two restaurants on the same block, both using Clover, can be paying completely different rates.
The Clover Pricing Problem
Clover is owned by Fiserv (one of the largest payment companies in the world), but it's sold through hundreds of independent agents and ISOs. Each one sets their own markup. Some are fair. Some are... not.
We've seen Clover processing statements with effective rates anywhere from 2.3% to 4.1%. That range is massive. And because Clover bundles its POS hardware with processing, many business owners don't realize they can negotiate — or switch.
How PAYHERO Compares
PAYHERO uses interchange-plus pricing. You pay what Visa/Mastercard charges (interchange), plus our per-transaction fee. No tiered pricing, no qualified/non-qualified games, no monthly junk fees.
For a business doing $50K/month, that typically works out to $1,050–$1,200 in monthly processing fees — compared to $1,300–$2,000+ on many Clover setups.
Can You Keep Your Clover Hardware?
It depends on how you got it. If you bought your Clover outright, you may be able to reprogram it. If it's leased or locked to a specific processor, you might need new hardware. Either way, the savings usually pay for a new terminal within the first month or two.
Check Your Real Rate
Grab your latest Clover statement and run it through our Fair Rate Analyzer. You might be surprised — for better or worse — at what you're actually paying.