Comments on: Square Drops Transaction Fee as Payment Battle Heats Up

By: Smartphones are Local Search and Shopping Devices: Tech News and Analysis «

Smartphones are Local Search and Shopping Devices: Tech News and Analysis « — Tue, 26 Apr 2011 21:17:20 +0000

[...] in 2010 over 2009. This also points up the growing importance of mobile payments, which will be a big battleground for players like Square, Paypal and [...]

By: AisleBuyer Makes Mobile Card Charging Picture Perfect: Tech News and Analysis «

Wed, 13 Apr 2011 17:00:52 +0000

[...] transaction, though he said rates would be competitive with the market. Service charges could have a big effect on merchant adoption, depending on whether AisleBuyer can undercut competitors or is markedly more expensive. It could [...]

By: fred snipe

fred snipe — Mon, 28 Feb 2011 22:32:33 +0000

Have you read squares legal agreement merchants are bound to?

The Mafia has better terms! Chargeback account scamarino!

By: Square Drops Flat Transaction Fee « Near Field Communications

Square Drops Flat Transaction Fee « Near Field Communications — Sat, 26 Feb 2011 01:11:49 +0000

[...] increasing numbers of Square users (reportedly about 100,000 new users per month) and the increased willingness of consumers to use their mobile [...]

By: Robin Hood

Robin Hood — Fri, 25 Feb 2011 22:08:33 +0000

Doesn’t Square hold the funds longer than a traditional credit card processor?

By: Joe

Joe — Fri, 25 Feb 2011 18:31:05 +0000

Ken, first of all there are no “Interbank” fees, they’re called Interchange fees and they are very necessary. Many of these same “Interchange” fees that you complain of are the fees that reward you as a consumer each time you use that special rewards card… Why don’t you just refuse your rewards the next time your card company tells you that you’ve earned free travel or that free IPod (tell them “no Visa you can keep your IPod because your fees suck”) Secondly Square is marketed towards the very VERY small merchant that can wait several days to receive their money (this is more than likely not a full-time business person). There will always be a place for real Visa/MC merchant accounts so trust me when I say that Square dropping their 15 cents isn’t going to “force” anything. Many merchants still do appreciate the wide range of services and options that real merchant accounts provide. Square is a brand new app that hasn’t seen all the possibilities yet of what they’re doing and how much it will cost, when they see how much combatting fraud costs along with providing support to merchants that only use the service twice a year I would bet you that they will have to find additional ways to make money, as with all new servics they are starting out as low as they can right now.

By: Digital Payments Going Viral

Digital Payments Going Viral — Thu, 24 Feb 2011 04:57:10 +0000

[...] small payments cost-effective. Of course Square’smotivation is to buy market share and it presumably has calculated that the majority of sales will be for larger amounts. But the move opens up intriguing [...]

By: Links 2-22-11: Blockbuster for sale, Why save PBS?, Nearer my PS3 to thee, Yahoo the startup killer | Aram Zucker-Scharff

Wed, 23 Feb 2011 03:57:24 +0000

[...] the scent of failure on Apple, Square joins a number of other transaction facilitation services to provide an even cheaper alternat… to the iPhone-maker’s fantastically stupid attempt to blackmail [...]

By: Stella

Stella — Tue, 22 Feb 2011 22:38:50 +0000

this is great news! use this nifty calculator to see how Square’s new pricing compares to a merchant account

http://www.feefighters.com/square-calculator

By: Emanuel

Emanuel — Tue, 22 Feb 2011 21:25:57 +0000

this is a good call for consumers witch is always been hits by processing fees a final consumption product..now the real thing is those fess are for something never been monitoring.
nice move.