Flat Rate Processing

DianaScott

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Nov 18, 2014
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Anybody here who has experience with flat rate processing? My friend recommended that I try it instead. Are there any hidden charges or does something like that depend on the company? Any advice?
 

John P

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Jan 5, 2007
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Salt Lake City
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Square is probably the best known. Works on Android and Iphone. Best used with Ipad. Square readers are free. Square stand is $99.

It's a flat 2.75%. There are no hidden fees. Unless you are doing well over 2 million per year, and can negotiate a special rate, you will not find cheaper. Pull out your statements. Do the math. With per swipe fees and paperwork charges and etc., you are paying way over 2.75%, even with a base of 1.69 to 1.89%.
 

DianaScott

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Nov 18, 2014
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Thanks for the replies.
I'll definitely check out Square though I have been hoping to sign up with TSys since the credit card machines that I use are from them. I'm planning to go to my bank and see if maybe they can advise me in this. And you're right. I already did the math and I'm paying way, way over 2.75% in terms of processing fees.
 

KonaKona

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Jul 6, 2015
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Honolulu, HI
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It's my day job to advise people on this. Coffee is my passion work. Square are really good and have good customer service. Payanywhere are making a lot of noise in the space and are cheaper than square 2.69%.
 
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