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 has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
Subscribe to:
Post Comments (Atom)
-
We have all repeatedly seen comparisons of equity value of hyperscale app providers compared to the value of connectivity providers, which s...
-
It really is surprising how often a Pareto distribution--the “80/20 rule--appears in business life, or in life, generally. Basically, the...
-
One recurring issue with forecasts of multi-access edge computing is that it is easier to make predictions about cost than revenue and infra...
No comments:
Post a Comment