Update - : Square eliminates processing fee returns for businesses that issue refunds starting in April of 2023. Custom pricing available for high-volume businesses. Rates subject to change at Square’s discretion. Additionally, there are different rates for other plans, as noted. Those costs depend on whether you’re taking cards by swiping or keying. In 2019, Square eliminated its long-standing “flat rate” and moved to a flat rate + transaction fee pricing model. In this Square review, we’ll explore those pros and cons to help you decide if Square is the right fit for your business. Just be aware of the pros and cons before signing up based on name recognition. That’s not to say you shouldn’t use Square. This has allowed the company to grow rapidly, but at the expense and frustration of many of its users – frustration that comes in the form of deposit limits, frozen funds, and poor customer service. Square has oversimplified credit card processing.
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