Would these be considered good rates for merchant services?

The rates you listed above are competitive and can be considered a good deal. The only real concern I would have is that $19.95 monthly fee which is about $10 too high. But it does sound like they are including the cost of leasing a terminal in there so if you do own your own equipment it becomes reasonable again. I do recommend purchasing your own equipment as it will be the most cost effective way to go about acquiring equipment. eBay auctions usually offer the best pricing by a mile. Just make sure they don't require a merchant account to get their special pricing (not very common anymore).