If you own a business in 2017, it’s likely you have been asked – do you accept a credit card? In fact, not being able to accept cards through your business means you could be losing out on thousands of dollars in revenue. Card payments offer not only ease for customers, but also protection – without a receipt a credit card statement can often be enough to return a faulty good, and as a seller by accepting cards your life can be made easier too.
All about square up processing rates
Switching from cash to cards makes it more straightforward for accounting, better reports and more accurate reconciliations at the end of the month. This makes them a great addition for both large and small businesses up and down the country, but if you’re looking to begin accepting credit card payments within your business, what is the best way to go about it.
One of the most popular on the market is Square Up – a free and powerful software that provides you with a point of sale. In this article, you will learn all about credit card square processing rates and how it can help your business to grow.
How does it Work?
Square Up provides a simple plugin point of sale solution that can turn any smartphone into a portable card reader. The square shaped device is simply plugged into your smartphone, and through the accompanying app you can charge your clients and customers cards – the square device provides a location for your customer to swipe their credit card, as they would in a larger store.
Square Up is entirely free to download and sign up for. However, you will pay a small percentage per swiped or the manually entered transaction. For a swiped transaction charges, will be 2.75 percent, while manually entered transactions will be slightly more with a 3.75 percent charge and a one-off 15c charge – these square rates are perfect for small businesses. Square Up has no hidden costs or fees, and you won’t even be charged for terminating the service, should you find it is not for you.
If you’re a small business owner looking to take your business in a new direction, Square Up could be the perfect tool – helping you to reach more customers, provide a more secure checkout and to keep on top of all your sales in one place with the help of the handy app.