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Selling Made Simple: Intro to Payments with Square

[ Edited ]
Google Employee
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Google Employee

Selling Made Simple: Intro to Payments with Square

 

The world of payments is evolving beyond the physical cash register. With mobile payment options, you can take your business anywhere. In this video Q&A, Square answers your questions on how you can use a payment processor to grow your business. 

 

 

What are the differences between traditional credit card processors and mobile payment processing for businesses?

 

Mobile Payment Processing with Square

  • Single low rate of 2.75% per transaction for all major credit cards - no contracts, no additional costs or fees.
  • A Square account can be set up in minutes and requires no commitments whatsoever.
  • The mobile credit card reader is free and easily plugs into the standard headphone jack of your smartphone or tablet.
  • Access a singular point-of-sale for your business no matter where you are taking a payment -- so every dollar earned in the field goes to the same bank account as your in-store processor.

 

 Traditional Credit Card Processors

  • Tiered rate structure makes it difficult to understand how much you’re really being charged for each transaction. The advertised price isn’t always the one you get.
  • The issuing bank of your customer’s credit card creates a double layer of fees on top of your merchant account provider.
  • A traditional merchant account requires you to pass a credit check. and long-term contracts.
  • In addition to the extra cost of leasing or buying a credit card terminal, they are hard-wired to a single location.

 

Originally published November, 2014

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