Square Touts Simple Pricing for Small Business Customers

Square continues to endear itself to the small business community. On Friday, the mobile payments provider introduced a new flat-rate pricing option for small business users of the popular credit and debit card reader. In a nutshell, merchants who process less than $250,000 per year will only pay a flat monthly fee of $275. Small …   Read More

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Square continues to endear itself to the small business community.

On Friday, the mobile payments provider introduced a new flat-rate pricing option for small business users of the popular credit and debit card reader.

In a nutshell, merchants who process less than $250,000 per year will only pay a flat monthly fee of $275.

Small businesses now have a choice to make. They can either sign up for the standard 2.75 percent fee or the monthly $275 charge, where there are no additional costs or contracts to sign.

“For 62 years, merchants have suffered complicated, expensive processing fees. Square is the first company to rethink electronic payment pricing with the merchant in mind. We are giving merchants affordable, predictable pricing, ” said Square CEO and co-founder Jack Dorsey. “With one monthly price, merchants know that the sales they’ve processed in a day is the same amount deposited in the bank.”

To learn more about the new pricing option from Square, click here.

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4 comments

  1. @JeSuisMargaux

    This is a smart move but as a business owner, I will still settle for the lowest transaction rate like mpowa (www.mpowa.com). If you do the math, $275/month is still expensive for my small business… unless I own starbucks!

  2. Karina

    Just got mine and I love it! I'm a freelancer and it is very nice to be able to say "I do accept Credit Cards" =)

    1. MMWmichael

      On it…

  3. Mobile applications

    Square have provided an efficient and convincing means for small businesses. Business owners now can have better options to select from i.e with more convenient and cheaper way for making transactions.

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