Thanks for sharing your thoughts around our pricing @AJSomeillan

Pricing is always something we can improve on, so it's good to hear feedback on this if you feel it can be better. 

I've heard sellers in the past reference reasons that they like the pricing over our competitors, with the most common being that we don't charge any monthly fees and we're transparent about the pricing and transaction fees in general. 

You don't need to break down your entire statement and look at which card types you're accepting and for how much to determine what you're being charged.

Some good things to remember that sellers often bring up as positives as well would be that we don't charge fees on refunds or chargebacks, there are no contracts, and Square provides everything a business needs in house (payments, hardware, software, reporting etc.).

Hopefully this helps, but if you have any specific ways we could improve here, let us know! 

No, I don't think their rate is high. From what I've researched, it's actually one of the lowest in the industry, if you take into account the monthly transaction fees and rediculously overpriced hardware banks and other processors require you pay for to use their services.

Occassionally I've found a service that appears to have a lower cost, but they either have very few features and support, or a lousy reputation with customer satisfaction, or their low fee is only available if you process many hundreds of thousands of dollars a year. Not reasonable for most small businesses.

If you actually break down what you get it isn't a bad rate at all (and can even be cheaper depending on your specific account metrics, along with lots of "free" or actually, a better term would be included benefits.

There is no contract so no minimums or monthly fees.  There is no minimum average sale.  There is no interchange plus transaction plus merchant fee.  THere is no tiered pricing based on card brand or reward perk, some of those can add another 1-5% on top of the rate other companies toss out to get you.  There is no PCI compliance, no Chargeback fee.  many other bonuses.

And you get a POS to use in your business that can drastically improve the statistics you are gathering, thus making better buying decisions and staffing decisions based on said data.

you can easily find your true percentage of accepting cards on your account no by taking last years monthly statements and then taking the total the processor took from what you charged (every fee not just the percentage) and dividing that by the total you processed thru them.  

Personally I much rather know exactly what it costs in clear and easily understandable fees than just guessing because this customer's card is a non-qualified reward tier 3 card.