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Square Debuts Monthly Pricing Option For Small Businesses With Zero Swiping Fees

• ceejayoz 14y ago
  Break even point is $120,000 of transactions per year, if I'm doing my math correctly.
  • debacle 14y ago
    Which is almost nothing if you're any sort of business.
    • idunno246 14y ago
      But capped at 250k / year
    • ceejayoz 14y ago
      Yes, but it leaves a fairly small sweet spot. $120k through $250k you're saving money, but anywhere outside that you're paying the 2.75% transaction fee (or higher, if you're on this new plan and running less than $120k worth).
• mdonahoe 14y ago
  It would be nice if square automatically chose the cheaper option. So I pay per swipe until I reach $275 in fees. After that, it holds steady until I reach the next point.
• milesskorpen 14y ago
  This mainly means that small businesses get a lower rate (1.32%) on their first $250k in sales. Meanwhile, it builds up good will and is great press. Seems like a sensibile move from Square.