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Why does the Square Terminal ($400 to buy) more expensive to process transactions?

I am confused why taking a payment with a $400 hardware device that Square sells, costs more than using the basic devices?? Am I missing something??

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Super Seller

both the Square terminal and Square Register operate on slightly different fee models.  depending on your average sale the new fees could be smaller or larger, I believe it was at $40 that was the tipping point so that sales after $40 were actually cheaper using the new fee structure.

 

Square losses a good amount of money per transaction on the sub $10 transactions and this new fee structure is to try to offset that I would assume.

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Square Community Moderator

Hi @WellesHouse

 

That's a great question to ask as a business owner, and we definitely recommend evaluating whether or not the Square Register is right for you. 

 

As @VanKalkerFarms mentions, a lot of that depends on your business volume and transaction size. 

 

This article goes into more details about pricing and how it might work for you:

 

Square Register Pricing

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