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Interesting numbers: an average of ~$6 worth of transactions per day per reader sent out. I'm sure 95% of the readers are unused. I wonder how they count revenu
by pitdesi 16y ago
Interesting numbers: an average of ~$6 worth of transactions per day per reader sent out. I'm sure 95% of the readers are unused. I wonder how they count revenue too - like what does that $59k today mean?
So $2 million divided by 23k payments today is $85... A fairly high average transaction size, I'm assuming because they have a number of contractors/art sellers that skew the number much higher. What's interesting is that those guys would probably be better off with a standard merchant account (depending on how much they are transacting per month)
http://feefighters.com/square-calculator http://feefighters.com/square-calculator
But they probably went with Square because it's easy. This totally flies in the face of what I earlier thought, that square was being used primarily for low dollar transactions.