DON’T BE A SQUARE
Dear Hardworking Business Owners,
When Square first launched they offered a rate below cost at 2.75% as a sleazy marketing tactic to earn your trust. Now they are raising rates to 2.60% plus 0.10 per transaction . For small ticket merchants this is taking your effective rate from 2.75% and skyrocketing it to over 4.20%
We believe in truth in pricing, local service, and a locked in rate. To combat Square’s massive price increase to over 4% for small ticket merchants, we are going to offer the flat rate of 3.50% for swiped transactions and we will even give you a solution to process COMPLETELY FOR FREE using cash discounting.
Don’t let them ruin your business. Don’t Be a Square. Soar With Yellowbirdy.
“OR IF YOU ARE READY TO GET STARTED.”
YOU MAY HAVE GOTTEN AN EMAIL FROM SQUARE THAT LOOKS LIKE THIS. DON’T FALL FOR THE SCAM.
OUR NEW RATE WILL BE 2.6% + 10¢.
Square is changing the 2.75% rate for tapped, dipped, and swiped transactions to 2.6% + 10¢. As an existing Square seller, this change will come into effect for you on November 1. We know a pricing change can feel complicated so we want to make sure you have enough time and information to understand this change.
For every payment Square processes for you, Square has to pay a set of fees that are both a percentage of the transaction and a fixed fee. The original 2.75% rate didn’t always cover all these costs, which is why Square is moving to 2.6% + 10¢ per tap, dip, and swipe.
To give you an idea of how this change could affect you, if we applied the new rate to your tapped, dipped, and swiped sales over the last 12 months (from 9/1/2018 to 8/31/2019), it would result in an average fee increase of $163.79 per month. This is an estimate only and your actual fees may vary based on the dollar size of each sale, the number of sales, and the mix of tapped, dipped, swiped, and keyed-in card payments. We encourage you to use our new pricing comparison tool, which lets you select different time periods of your sales history to see the fee difference, and to read our Pricing FAQ.
ACTUAL SMALL TICKET COFFEE SHOP
|MONTH||VOLUME||FEES||NET RATE||INCREASE||NEW RATE|
|AVERAGE SQUARE PRICE: 2.86% VS NEW AVERAGE SQUARE PRICE: 4.21%|