The company charges businesses 2.75 % of each credit card swipe — 3.5 % and 15 cents for each manually entered transaction. Last year, it began offering a monthly flat fee option of USD 275 a month for businesses processing charges of less than USD 250,000 a year. Square will no longer provide that option starting in February.
Square allows businesses to process credit card payments by swiping them through a plastic iPhone attachment.
In recent news, Square has launched Square Cash, a product that allows consumers to send money to contacts via e-mail.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright