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Square moved to charging a percentage on Canadian debit swipes last month: > Square’s processing fees are 2.65% per card present transaction, 2.9% + 30 cents p
by Scoundreller 3y ago
Square moved to charging a percentage on Canadian debit swipes last month:
> Square’s processing fees are 2.65% per card present transaction, 2.9% + 30 cents per paid Square Invoice and Square Online sale, 3.4% + 15 cents per manually entered transaction and INTERAC debit cards are processed at 0.75% + $0.07 per tap or insert
Unsure if this is pushing new Interac costs to buyers or a profit grab. It was just 10 cents flat per swipe, so anything over $4 and you’re worse off.