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August 16, 2012 09:00 pm GMT

Square Debuts Monthly Pricing Option For Small Businesses With Zero Swiping Fees

Simple Pricing from Square  SquareOn the heels of announcing a mega-deal with Starbucks, mobile payments processing company Square is announcing another piece of key newsspecialized, lower pricing per swipe for small businesses. Basically, Square is going to offer small businesses who make less than $250,000 per year the option of either paying the set 2.75 percent per swipe or one fixed price per month, at $275 per month, with no charge per swipe. So either small businesses can pay the fixed fee, which all merchants pay using Square, or they can pay a monthly fee for any transactions that fall under $250,000 per year. With $250,000 in transactions, paying $275 per month works out to around 1.3 percent per transaction, which is significantly lower than the current rate of 2.75 percent.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/bvpFRYJbIaI/

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