

Square Terminal and Register payments: $2.6% + $0.10.Keyed-in or card-on-file transactions: 3.5% + $0.15.Square reader or stand transactions (including credit cards, gift cards, and prepaid cards): 2.6% + $0.10.Square charges a fixed flat-rate fee for all credit card transactions - regardless of whether it's Visa, MasterCard, or AMEX. But it has limited functions for vendors on-the-go, making it more of a payment processor rather than a full POS. And one big advantage is the ability to accept PayPal payments. PayPal takes the cake on eCommerce businesses. It has a more advanced POS with tools such as scheduling, employee, and inventory management. Square provides more features for physical retailers. Square's card reader can be plugged right into your phone or tablet. Mobile businesses: Companies on-the-go need a simple payment processor they can use anywhere.For example, a $10 transaction would only cost you $0.37 (versus a $1,000 transaction, which would cost $26.10). Companies with small transactions: Because it's a fixed rate (2.6% + $0.10), small transactions remain affordable.New companies: With no monthly fee and flat rates for all credit cards processed, Square is an affordable option for new businesses.But large high volume businesses should consider a dedicated merchant account. Square has more free tools compared to other processors. Square is a good company for new or mobile businesses thanks to the low 2.6% + $0.10 per-swipe fee. Plus, see if other payment processors can offer you a better deal. Take a look at the fees, features and types of businesses they're best for. The mobile reader is free and plugs into your phone or tablet. They're known for low costs and an easy setup. You've probably seen their card readers at Girl Scout cookie stands and food trucks. Good credit card processor for low-volume businesses Flat-rate pricing can be expensive for larger businesses.
