WHAT IS SQUARE?
Square is an electronic payment service that allows users to easily accept credit cards through their mobile device without the need for a merchant account.
With Square users can accept credit card by either swiping the card on the ‘Square Reader’ device or by manually entering the credit card details on the Square app.
For bands, Square is a great way to accept credit cards at merch tables at shows or even to sell tickets to shows.
Both the Square app and Square reader are free (online). There is a fee of 2.75% per swipe for Visa, MasterCard, Discover and AmEx. Manually-entered cards cost 3.5% + 15¢ per transaction. Once a purchased is made payments are deposited the next business day to the sellers bank account with no limi to the number or amount of payments you can take.
PRICE: 2.75% – 3.5% per transaction fee (plus 15¢ per transaction on manually-entered cards). Square Reader is FREE.