Many vendors have already started using Square to accept credit cards at craft shows, and they’ve just introduced a new flat-fee pricing option!
The current per-transaction plan is still available, which takes 2.9% of each transaction, but for those of you who are doing high volume sales the new plan is $275 month and no per-transaction fee.
Which plan is right for you? If you’re doing over $9482 per month in swiped credit card transactions, you’ll save money with the flat rate over the per-transaction plan.
There are some rules on the flat rate plan that are important to keep in mind: if you’re selling more than $250,000 annually or $21,000 monthly, you’ll be charged 2.75% per swipe over that limit. The 2.75% charge also applies to transactions over $400.
For more details on monthly pricing, check out the Square website.
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