SQUARE's Fees (from their FAQ page)
"Our fees are simply: 2.75% if you use the reader and 3.5% + 15¢ if you type in the card information manually.
We believe in making it easy for you to accept payments, so you can focus on the things that matter.
Every credit or debit card we accept (Visa, Mastercard, American Express, and Discover) has the same flat rate. These fees are static and do not change depending on how much the payment was for. As our fees are taken out of each payment as they occur, there is no fee schedule. Square also does not require a contract upon signup or have any monthly minimums. It doesn't cost you anything if you don't use it!"
Bottom Line: always use the reader - it's cheaper and easier. (and it's FREE - you don't have to buy it) |
