Square says it is dropping the 15-cent transaction fee when merchants use its mobile payment system, and instead will take what is an interchange fee of of 2.75 percent of the gross sales amount.
The change is helpful for many of the small merchants who use Square, namely high-volume, low amount transactions.
Tuesday, February 22, 2011
Square Drops 15-Cent Fee for Credit Card Purchases
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
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