Square Merchant Services Fees. If your business processes enough sales each month to justify any monthly fees, you may find lower card processing rates elsewhere. If you are an individual looking for low, reliable rates, paypal is a good choice.
In addition to its storefront payment processing services, the company also dedicates a portion of its website that advertises its virtual terminal and payment gateway services, the square online store. Square pricing and fees square clearly lists its products and pricing on its site, so you know what to expect when you sign up.square suggests its rates are best suited to businesses processing less than $250,000 annually at an average $15 transaction. Now, let’s look at square’s merchant fees for its specific programs.
Costs and fees of a bank of america merchant account appear to vary based on a merchant’s business type, processing volume, sales representative, and the merchant’s skill in negotiating pricing (see:
Square register and square terminal have lower fees (2.6% + 10¢). The different types of merchant services. Square merchant services are provided by square, a company that has been looking to take on the mobile merchant services market. Square will ask you a bit of basic information about your business and verify your identity, but there are no credit checks involved.