The hits keep coming out of Square’s headquarters. Just a few days after raising $25 million in funding and announcing a landmark deal with Starbucks, they’ve just launched a new pricing plan aimed at small businesses.
One monthly fee and 0% processing is the first pricing option that gives small businesses a lower processing fee than bigger merchants. Square is committed to offering prices that eliminate uncertainty and are lower than those traditionally only available for big businesses. In an industry that until now has only offered a per transaction fee, now merchants who process up to $250,000 per year can pay one flat $275 fee per month with no fee per swipe.