Replying to Avatar corndalorian

The merchant pays the processing fee regardless of how much they charge, just like with any other card processor. What I’ve often seen is merchants advertising a “cash” price and then add their own surcharge for card purchases to offset what Square deducts from the transactions.
Avatar
Judge Hardcase 1mo ago

ah... i see.

With no card fees, since Square will be charging a lower (or initially zero) processing fee to the merchant for transactions in BTC, hopefully, Square will ultimately make it easier for the merchant to choose to automatically pass those lower processing costs on to the customer.

Reply to this note

Please Login to reply.

Discussion

Avatar
Judge Hardcase 1mo ago

... and same goes for any processing cost savings just because the customer uses CashApp.

Avatar
corndalorian 1mo ago

Yea that would be a nice feature to have. What I would do for now as merchant would be to advertise one price for paying with cash/bitcoin, and then a 3% up charge for anyone wanting to pay with cards.