Square Is Discontinuing Monthly Pricing On February 1, 2014 114
An anonymous reader writes "Mobile payment startup Square has decided to discontinue its monthly pricing option on February 1, 2014. The company says it does not plan to reinstate monthly pricing at any point. If you are currently enrolled in monthly pricing, Square will give you "a grace period" through the end of January 2014, after which the per-swipe rate will apply to transactions. On January 2, monthly pricing subscribers will be billed their last monthly fee, which will cover the rest of the month."
Swipe? (Score:5, Insightful)
So after many years of regulations, encryptions, standards, tamper proof systems, migrating from a magnetic strip to the chip and pin for even greater security, this company's innovation pisses all that against the wall?
Man... I would not do business with anyone who wants to swipe my credit card through an iPad.
Advertisement (Score:5, Insightful)
This _might_ deserve a blurb in a payment industry trade rag, but why /.?
Are we covering all merchant fee plan changes in the that industry now?
Re:Big deal. (Score:4, Insightful)
Selling $120k through this single method of payment.