Mostly small businesses.
2.75% per swipe or $275 monthly flat fee for small businesses that process up to $250,000 in payments annually.
Pay with Square is a mobile app, available for download on any smartphone or iPad, that allows businesses to conduct credit card transactions on the go. Square’s mobile card reader plugs directly into your phone or iPad. Additionally, Pay with Square customers can sign up to send GPS notifications to participating stores, including the name of the customer along with a picture and analytics of past purchases. All the customer then needs to do is confirm their name and place their order, and the transaction will be automatically completed.
Square, a mobile payment provider, simplifies the various payment fee structures that merchants are subject to by charging a flat rate (2.75% per swipe or $275 per month). Square offers a user-friendly credit card reader that plugs into any smartphone or iPad. Co-founded by Jack Dorsey of Twitter, Square is headquartered in San Francisco.