Square Now Offering $275 Monthly Pricing Option With Zero Swipe Fees

Posted Aug 16, 2012

Mobile payment company Square has announced a new pricing option.  Square is going to offer small businesses that make less than $250,000 per year the option of paying either 2.75% per swipe or one fixed price per month $275 per month with no charge per swipe.  The small businesses can pay a fixed fee for any transactions that fall under $250,000 per year.  At $250,000 in transactions, paying $275 per month actually works out to about 1.3% per transaction, which is much less than half of the current rate at 2.75%.  When a business goes over $250,000, the first dollar after will be charged at the standard 2.75% rate.