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.
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