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I spent 5 minutes googling this, so I might well have missed something, but what I found was that a card terminal from zettle has a upfront cost(first one is ch
by amarant 3y ago
I spent 5 minutes googling this, so I might well have missed something, but what I found was that a card terminal from zettle has a upfront cost(first one is cheap, additional ones more expensive) and they then charge 2.5% on all transactions.
Swish charges SEK 2.50 per transaction.
Upfront costs can probably be neglected for any decently sized business, but if your average transaction exceeds 100 SEK, then swish will be cheaper.
I would assume it's also more handy for the merchants, since you with a terminal there is technology for you to maintain and operate, while with swish the tech you operate is literally a QR code.
- CogitoCogito 3y agoHmmm I never realized the terminals/fees were so expensive. Maybe Swish’s competition will force a drop in those fees, but yeah in Sweden it’s pretty easy to go over 100 SEK especially for a barber where there will basically never be transactions below that.
- amarant 3y agoYeah I've never been charged less than 700 at a barbers in Sweden that I can recall. My gf usually has 4 digits in her bill, but she likes to go for more ambitious treatments than I. The swish only approach makes a lot of sense in that context, as the payment processing fees differs by a factor of 10! Charging a percentage to process a payment doesn't feel right to me, it's not like a 1000 SEK payment is more work than a 5 SEK payment for the banks.