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re: Small Business owners / taking credit cards

Posted on 2/24/15 at 10:07 am to
Posted by mikelbr
Baton Rouge
Member since Apr 2008
47537 posts
Posted on 2/24/15 at 10:07 am to
quote:

And now I get a Square add at the top of my screen. Hahaha.


Haha these ads can be freaking creepy. Square is one of them "got you by the balls" business models. They make merchant services SOOOO fricking easy for SBO but.... that 3.5% is at least .5% higher than standard merchant services I've seen even with taking Amex.
Posted by PuntBamaPunt
Member since Nov 2010
10070 posts
Posted on 2/24/15 at 10:14 am to
That .5 is their cut, they're just a middleman. Chase or FD is their acquirer.
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