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Like its processing fee of 2.75% per swipe isn’t low enough, Square is launching a special deal for small businesses processing up to $250,000 per year. Instead of paying certain amount per transaction, these companies can opt for the new $275 per month flat fee which again includes no additional fees and no need to sign a contract.
According to the company’s CEO and co-founder Jack Dorsey, this new offering will give merchants “affordable, predictable pricing” and the ability to know that the sales they’ve processed in a day is the same amount deposited in the bank…
Pretty neat though I guess we’ll see something similar unveiled by Square’s rivals like PayPal, Intuit, PayAnywere and iZettle. The more companies enter this market, the better it is for merchants and ultimately customers. Love it. 
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
