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You are here: Home / News / Square Lowers Merchant Transaction Fee

Square Lowers Merchant Transaction Fee

February 22, 2011 by Mobile Payment Magazine

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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Filed Under: News Tagged With: GoPayment, Intuit, Square

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