So what is the percentage that the CC company charge for each transaction fee? One thing I haven't seen is ladies that do accept CC payments say they have a Processing Fee. Not only do you have a processing fee but some CC companies will also hit you with a fee too. Then on top that depending on type of CC it is (Rewards Program Type Card) they will hit you with another fee. So all in all, being able to accept CC can be a money losing situation for ladies that think there getting 300hr but when they swipe that CC they could only be getting 275-280hr from all the associated fees involved.
Originally Posted by shorty
When I use the Square, I charge a $10 processing fee. Period. If the amount of the charge is $500 or up, well that rate would change. I've written that on my ads, etc.
To take a loss would be absurd.
I've only used my Square a handful of times since having it. And I've only offered it for the past month. But I like it. A lot!