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by pitdesi
5510 days ago
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This is fantastic news for small coffeeshops etc everywhere.. This makes for a very compelling use case. It is now far cheaper than a merchant account or verifone for smaller merchants, when factoring in that you get a free POS system. Hopefully this will stop the insanity of some payment processors giving out "free pos" systems but raping merchants on the credit card processing. We've seen restaurants paying as much as an effective rate of 7%! because they were going with the company that gave them a "free" POS system. relevant: http://feefighters.com/square-calculator - a reminder of how good Square's pricing is (relative to a merchant account) for coffeshops, etc. |
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