MacNN Forums (
-   Tech News (
-   -   Square ceasing monthly payment plans, reverting to per-swipe fees (

NewsPoster Nov 8, 2013 05:28 PM
Square ceasing monthly payment plans, reverting to per-swipe fees
Payment transaction facilitator for mobile devices <a href="" rel='nofollow'>Square</a> is discontinuing its monthly flat-fee pricing in February of 2014. On January 2, subscribers with a monthly fee will be billed, which will be the last monthly payment. Square is reverting its pricing for al users to a per-swipe fee, dependent on contract with the payment processor. <br />
<br />
"We launched a monthly flat rate to offer flexibility in pricing for larger businesses," a Square spokesperson told <em>The Next Web</em>. "Over the past year we heard from many of our customers that caps and limits in the program were inhibiting growth - at a certain point, rates went back up the more you sold. We want our pricing to be simple: no more limits or complicated monthly caps at all. Just one low, flat per-swipe rate."<br />
<br />
Square's standard rates are 2.75 percent per swipe. Manually entered transactions are 3.5 percent, plus $0.15. Square is able to negotiate better deals for businesses with higher volumes.
All times are GMT -4. The time now is 07:32 PM.

Copyright © 2005-2007 MacNN. All rights reserved.
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.3.2