Payline is different from a lot of other resellers’ pricing because their card fees are heavily dependent on the specific card being processed. If, for example, you’re accepting a “Visa Debit CPS” card, you pay an interchange rate of 0.8% + 0.2% + $0.10, which is basically 1% + 10 cents. That’s a lot lower than Clover’s 2.7% + 10 cents. Foreign, premium or corporate cards incur higher interchange rates, though, as do card-not-present transactions.
A downside of Payline is the two monthly fees you have to pay: $10 (if most transactions are card-present) or $20 (if most transactions are keyed) to Payline, and $11 to Clover. You also have to make a minimum of roughly $1,000 a month (namely, exactly $25 in processing fees) to avoid the monthly minimum fee, which is just the remaining amount to total $25 in card processing fees that month.
As with Clover, there is no longterm commitment required, so you can cancel the contract any time without penalty fees.
Payouts take 1-2 business days with Payline, but it is unclear how long it takes when you sign through Clover.