What are the Fees and Pricing for Mobile Credit Card Readers?
Mobile credit card reader fees and pricing vary depending on the hardware and the type of transaction being processed. The POS Brokers provide transparent pricing models with options for next-day deposits at no extra charge.
Square Card Reader Pricing:
- Hardware Cost: Available at no upfront cost when qualifying for a new merchant account.
- Swiped Transactions: 2.6 percent plus 10 cents per transaction.
- Keyed-in Entries: 3.5 percent plus 15 cents per transaction.
- Monthly Fees: None, with no long-term contracts or cancellation fees.
Clover Mini POS Pricing:
- Hardware Cost: New units start at $749. Refurbished units may be available for $9.95 through specific free POS promotions.
- Transaction Fees: Competitive wholesale rates of 2.3 percent plus 10 cents per transaction.
- Terms: No hidden fees, no contracts, and no cancellation fees.
Additional Financial Benefits:
- Cash Discount Program: Businesses can pass processing costs to customers to enhance overall value.
- Wholesale Rates: Available through specific merchant accounts to ensure efficient transaction handling.
- Free Hardware: Potential for free hardware placements or discounted hardware based on qualification.
Related FAQs
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Can I Use Clover Go without a Merchant Account?
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How does Clover Go Compare to the Square Card Reader?
Read More »: How does Clover Go Compare to the Square Card Reader?Clover Go and the Square card reader differ across several key areas, including hardware capability, integration, and service model. Hardware and Connectivity: Clover Go is an all-in-one reader that supports EMV chip, NFC contactless, and magnetic stripe payments, whereas the…
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What is the Clover Go Card Reader?
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Is Clover Go a Good Square Alternative?
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What are Wholesale Credit Card Processing Rates?
Read More »: What are Wholesale Credit Card Processing Rates?Wholesale credit card processing rates, often referred to as cost-plus or interchange-plus pricing, allow merchants to access the base costs set by card networks and banks with a transparent processor markup. Industry benchmarks for these rates typically include the following…
