Can this be used with Chase Paymentech or another interchange, thus avoiding the 2.75% processing fee?
- Asked by Phil S from Baton Rouge
- May 24, 2011
Square Credit Card Reader
Product No Longer Available
2 Answers from the Community
- Answered by Robert R from Bremen
- Oct 4, 2011
Square's unique credit card reader is not compatible with any other interchanges (Chase Paymentech, Authorize.net, etc.) Depending upon your payment volume and specific terms with Chase Paymentech, it may be cheaper to use Square instead. If your average transaction amount is fairly low, then the fact that Square does not charge a transaction fee (typically 5-25 cents) can lead to significant savings.
- Answered by Nathan S from Dallas
- May 27, 2011