Since 2011, Square has been able to make it easy for merchants to accept credit card payments. And they have offered a simple pricing structure for its payment processing services no matter how large or small the transaction.
But their approach to pricing is changing. According to Bloomberg.com, Square just made a substantial change to its pricing on November 1, 2019. Square has moved all its existing merchants to a new pricing structure and new merchant sign-ups will incur that pricing. The new pricing plan affects dipped, swiped and contactless purchases on the Square POS app.
Small Merchants Now Have a Different Flat-Rate Pricing Option
For businesses that have less than $50,000 in annual Visa, Mastercard, and Discover processing volume, Infintech offers a new mobile processing solution that is simple to understand and makes budgeting easy for merchants.
Infintech’s mobile-POS solution is ideal for small businesses that need to accept payments using a personal mobile device like an Android or iOS phone or tablet. Infintech leverages Vital’s bluetooth-enabled, mag-stripe, and chip reader designed to help merchants accept payments on the go.
Infintech’s Mobile Solution Features:
- Connectivity for Bluetooth
- User-friendly interface for iOS & Android
- Set percentage amount for tips and multiple tax rates
- Cloud-based inventory and item tracking
- Real-time reporting dashboard
- 2.6% + $0.06 for Swiped Transactions
- $10 Set-up Fee
- $10 Monthly Fee
Learn More About Infintech’s NEW Mobile Solution:
Contact us online or call 1-800-621-8931.