Square Drops Transaction Fee
Square, the startup that lets mobile vendors take credit card payments through their phones has taken a jab at competitors by dropping its $0.15 per transaction fee.
Now Square says it will charge a flat 2.75% of any transaction, regardless of size. The goal is to make payments easier for users and combat hidden fees commonly seen in the credit card industry, according to General Manager Keith Rabois.
“In the end accepting payments should be as easy as using a microwave,” Rabois told TechCrunch.
Competitors such as Intuit’s GoPayment
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