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Just learned Square charges 2.6% plus 10 cents for swiped transactions on their basic plan
Was digging through my monthly statements after a $4,200 weekend at the farmers market in Portland and realized I could have saved like $60 just by switching to a different processor, anyone else find a hidden fee that made you rethink your whole setup?
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bell.jessica18d ago
Could have saved like $60" is exactly the kind of thing my buddy Dave found out the hard way. He runs a little coffee cart and noticed Stripe was taking way more than he thought on his iced latte sales. Took him a whole afternoon to switch processors and he said it was the best few hours he ever spent.
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ray61318d ago
Took me about 4 hours to switch my shop from Square to a local processor last year. I was losing almost 4% on chip transactions because Square added a bunch of fees I didn't notice at first. The new guy charges a flat 2.2% plus 15 cents and it showed up in my bank account right away. Biggest thing was checking my statements line by line for every fee before I made the switch. Now I run a report every month to make sure nothing changed without me knowing.
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laura_wilson18d ago
His latte customers probably didn't even notice the change, right? What was the tell that made him finally look closer at his Stripe fees?
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