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For low value, high volume merchants, Square's rate is extremely competitive.

• tyingq 8y ago
  I don't see how that's possible. Low value would skew it even more versus 2.9% + 30 cents, because you'll have more debit cards for low value transactions. Debit card transactions (pin or not) are cheaper post Durbin amendment. Open to stats that say otherwise.
  • traek 8y ago
    > I don't see how that's possible. Low value would skew it even more versus 2.9% + 30 cents Because that’s not Square’s rate, they charge a flat 2.75%.
    • jjeaff 8y ago
      And a regulated debit card is around a 10 cents flat fee. No percentage. Square's fees are pretty high unless you are processing less than say $150k a year.