3 ms·
According to https://www.clover.com/pricing/quick-service-restaurant https://www.clover.com/pricing/quick-service-restaurant Clover's fees are: Card-present t
by password11 4y ago
According to https://www.clover.com/pricing/quick-service-restaurant https://www.clover.com/pricing/quick-service-restaurant
Clover's fees are:
Card-present transactions
2.3% + 10¢
Keyed‑in transactions
3.5% + 10¢
So if you have a merchant acct, you'd have to negotiate rates with Clover et al. directly?
- carlosjobim 4y agoThat's just one POS system, with a very unfavorable price. Most restaurants of medium size and up will not pay high rates like that on their transactions. If you have a merchant account you negotiate rates with your bank (or other account provider). The POS just connects with that. And yes, these POS systems are an expensive one-time purchase, with some yearly or monthly fees. However much more economical than paying on transactions. If you're a smaller actor, there are POS systems that make their money on your transactions, but even among those Clover is a really bad deal. Compare to Zettle for example, that comes with a POS system, has no monthly costs and a flat 1.75% fee: https://www.zettle.com/gb/pricing https://www.zettle.com/gb/pricing