Using Square, PayPal Here, Intuit GoPayment, or something similar..??

[DRU]

Originally Posted by mikeyis4dcats.

your fee schedule couldn't be more confusing.

And rewards cards are hardly being "phase out"....

I'd be happy to answer any questions you have about it, and would love to hear some feedback on what you think could be done to make it easier to understand.

The confusion is definitely something we're trying to figure out (and it's a little tough as we merge all this mobile product into our original USB product for desktops/laptops).

The thing is, the Durbin Amended capped regulated debit cards (which is the vast majority of cards being used today) at .05% + 20¢ per transaction. All these people charging 2.7% are absolutely killing it on these transactions, which is why they're giving you hardware, giving you software, etc. They want you swiping cuz they're making huge profit margins on those. They're willing to lose money when you swipe non-qual cards because they know there aren't nearly as many of those out there now and they're covering it on the other end.

Group ISO, the processor that we've partnered with, is the only one we've been able to find to carry the interchange plus type of thing into the mobile space and actually pass the savings to merchants. Everybody else is sticking with the flat rate plans (which used to look very appealing before Durbin).

That said, we do offer a flat rate option of 2.5% if you'd rather stick with the less confusing option and pay more money in the end, although we're still .2% cheaper than what the others are offering on that plan.

There's definitely lots of information we're trying to get across on that site and we've got a long ways to go to get it where we want, but the product is available so I wanted to let you know.