Square Lowers Merchant Transaction Fee
Feb 22, 2011 - Category: News
As competition to sign up merchants heats up, mobile payment company Square has announced it will drop the $0.15 transaction fee that it had been charging customers. There will still be a charge ofz 2.75% of the transaction cost, but Square’s biggest competitor, Intuit GoPayment, currently charges 2.7% plus $0.15 per transaction, or 3.7% plus $0.15 if the credit card is entered manually.
via Business Insider.
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