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Arks

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Somebody (who has more time today than I do) please investigate this new PayPal card reader for iPhone and Android and see how it compares to Square. The PayPal reader says it charges just 2.7% and takes Visa, MC, AMEX, Discover plus a few other payment methods.
https://www.paypal.com/webapps/mpp/credit-card-reader
 
Didn't take long.... PP Here charges 2.70% while Sq charges 2.75% per swipe.
Main difference is that PP Here places your money in your PP acct within minutes after the transaction (swiped) and you get a debit card to use.... it is like 1 stop shop, but the money can easily be transferred (by you) to your bank any time.
Key in and scanned charges are subject to 3.5% +.15 which I believe is the same as Sq.
Accept checks @ no charge... just scan in.
The list of android phones is short.... it won't work with mine
confused_smile.gif
 
That's interesting.
I thought there was a problem with Square in the UK, in that it wont take chip+Pin cards.
But the PP site says that PP Here is coming to the UK soon, so I've registered. Presume it works with Ipad. I don't do many key-in transactions, so would work out a lot cheaper than my existing Card machine and would keep everything in one place as I use PP for website deposit payments.
 
Didn't take long.... PP Here charges 2.70% while Sq charges 2.75% per swipe.
Main difference is that PP Here places your money in your PP acct within minutes after the transaction (swiped) and you get a debit card to use.... it is like 1 stop shop, but the money can easily be transferred (by you) to your bank any time.
Key in and scanned charges are subject to 3.5% +.15 which I believe is the same as Sq.
Accept checks @ no charge... just scan in.
The list of android phones is short.... it won't work with mine
confused_smile.gif
.
copperhead said:
The list of android phones is short.... it won't work with mine
confused_smile.gif
Mine is not on the list either, but the software works, and I've gone ahead and ordered the reader. The Square works on my phone even though it is not on their list either. I think the list is just those phones that they have tested and can certify that it actually works on. As I have, I would go ahead and try it even if your phone is not on the list (assuming it otherwise meets the minimum requirements) -- there is nothing to lose but your time, as the software and hardware are free....
 
And just an "under the radar" comment Google is also going in this direction (merchant services). So stay tuned for that.
 
And just an "under the radar" comment Google is also going in this direction (merchant services). So stay tuned for that..
Joey Bloggs said:
And just an "under the radar" comment Google is also going in this direction (merchant services). So stay tuned for that.
And I guess as long as everything about signup is free and you're not locked into a contract for monthly fees, there's no great problem with signing up with them all and using which ever one is currently cheaper or has the best features.
It's so good for smaller operations, I'm wondering who/what will eventually come along to spoil it all. I'm sure the big CC processors, with all their monthly fees and contracts, aren't liking this one bit.
 
That's interesting.
I thought there was a problem with Square in the UK, in that it wont take chip+Pin cards.
But the PP site says that PP Here is coming to the UK soon, so I've registered. Presume it works with Ipad. I don't do many key-in transactions, so would work out a lot cheaper than my existing Card machine and would keep everything in one place as I use PP for website deposit payments..
Highlands John said:
Presume it works with Ipad.
iTunes says the PayPal Here app is compatible with iPhone, iPod touch, and iPad. Requires iOS 4.3 or later. This app is optimized for iPhone 5.
 
And just an "under the radar" comment Google is also going in this direction (merchant services). So stay tuned for that..
Joey Bloggs said:
And just an "under the radar" comment Google is also going in this direction (merchant services). So stay tuned for that.
And I guess as long as everything about signup is free and you're not locked into a contract for monthly fees, there's no great problem with signing up with them all and using which ever one is currently cheaper or has the best features.
It's so good for smaller operations, I'm wondering who/what will eventually come along to spoil it all. I'm sure the big CC processors, with all their monthly fees and contracts, aren't liking this one bit.
.
Arkansawyer said:
It's so good for smaller operations, I'm wondering who/what will eventually come along to spoil it all. I'm sure the big CC processors, with all their monthly fees and contracts, aren't liking this one bit.
And I won't feel sorry for them, not one bit!
 
And just an "under the radar" comment Google is also going in this direction (merchant services). So stay tuned for that..
Joey Bloggs said:
And just an "under the radar" comment Google is also going in this direction (merchant services). So stay tuned for that.
And I guess as long as everything about signup is free and you're not locked into a contract for monthly fees, there's no great problem with signing up with them all and using which ever one is currently cheaper or has the best features.
It's so good for smaller operations, I'm wondering who/what will eventually come along to spoil it all. I'm sure the big CC processors, with all their monthly fees and contracts, aren't liking this one bit.
.
Arkansawyer said:
It's so good for smaller operations, I'm wondering who/what will eventually come along to spoil it all. I'm sure the big CC processors, with all their monthly fees and contracts, aren't liking this one bit.
And I won't feel sorry for them, not one bit!
.
copperhead said:
Arkansawyer said:
It's so good for smaller operations, I'm wondering who/what will eventually come along to spoil it all. I'm sure the big CC processors, with all their monthly fees and contracts, aren't liking this one bit.
And I won't feel sorry for them, not one bit!
and neither will I ~!
 
that is a very high rate at 2.7%, don't you think?
We just checked our statement from the processor:
0.22 and 1.9% for Master Card
0.21 % and 1.9 % for Visa
0.32 % and 1.9% for Discover
 
That's interesting.
I thought there was a problem with Square in the UK, in that it wont take chip+Pin cards.
But the PP site says that PP Here is coming to the UK soon, so I've registered. Presume it works with Ipad. I don't do many key-in transactions, so would work out a lot cheaper than my existing Card machine and would keep everything in one place as I use PP for website deposit payments..
Highlands John said:
That's interesting.
I thought there was a problem with Square in the UK, in that it wont take chip+Pin cards.
But the PP site says that PP Here is coming to the UK soon, so I've registered. Presume it works with Ipad. I don't do many key-in transactions, so would work out a lot cheaper than my existing Card machine and would keep everything in one place as I use PP for website deposit payments.
That's exactly my problem, no C&P for most of these systems. We have had a few international transactions that would only process with C&P. Or they have to go to phone verification and that's an extra charge.
 
that is a very high rate at 2.7%, don't you think?
We just checked our statement from the processor:
0.22 and 1.9% for Master Card
0.21 % and 1.9 % for Visa
0.32 % and 1.9% for Discover.
Do you also have any fixed monthly fees?
At first glance your 1.9% rates look like a better deal than 2.7% BUT you have to look at the whole picture. How many transactions per month, etc... When you add it all up, you are paying more than 1.9% in your "effective" rate.
Up to a certain volume of credit card transactions, you will actually come out ahead paying less overall by paying the higher rate but without any other fees.
 
that is a very high rate at 2.7%, don't you think?
We just checked our statement from the processor:
0.22 and 1.9% for Master Card
0.21 % and 1.9 % for Visa
0.32 % and 1.9% for Discover.
IrisoftheWayfarer said:
that is a very high rate at 2.7%, don't you think?
We just checked our statement from the processor:
0.22 and 1.9% for Master Card
0.21 % and 1.9 % for Visa
0.32 % and 1.9% for Discover
I did not get one set % fee for MC - I had this type MC and that type MC and qual and non-qual each with its own % and same for VS plus I was assessed a minimum amount of their fees per month, a VS Network fee, plus connection fees for each transaction and connection. I did not take Disc or AMEX because of their fees. Every month I had to wait for my bank statement to discover how much they took. With Square there is no question - they tell me at the time of the charge how much they took and how much I am geting deposited into my checking account - they put in with no take out. From what I paid before 2.75% is just ducky. What was high was having $22.90 removed from my account in a month that had NO (0- ZERO) transactions. and in the winter, that is not unusual for my location (especially if they used cash or checks @ 0% fee).
 
that is a very high rate at 2.7%, don't you think?
We just checked our statement from the processor:
0.22 and 1.9% for Master Card
0.21 % and 1.9 % for Visa
0.32 % and 1.9% for Discover.
IrisoftheWayfarer said:
that is a very high rate at 2.7%, don't you think?
We just checked our statement from the processor:
0.22 and 1.9% for Master Card
0.21 % and 1.9 % for Visa
0.32 % and 1.9% for Discover
But what about the other charges you pay, on top of the 1.9%? Don't you also pay PCI fees (ours is $100/year), Global VPN, member fees, account maintenance fees, surcharges for taking rewards cards, etc.? We do. Our "other fees" each month come to about $45!
The Square and PayPal systems don't have any of those extra fees. Just the flat 2.7% to 2.75% (for swiped cards).
Each business must put a pencil to it. If you do enough business each month, the 1.9% rate from a regular processor might eventually offset all the extra fees they tack on. If you don't do a large amount of charges though, the extra fees make you pay a lot more than the base 2.7% PayPal charges.
 
That's interesting.
I thought there was a problem with Square in the UK, in that it wont take chip+Pin cards.
But the PP site says that PP Here is coming to the UK soon, so I've registered. Presume it works with Ipad. I don't do many key-in transactions, so would work out a lot cheaper than my existing Card machine and would keep everything in one place as I use PP for website deposit payments..
There are at least two companies offering it in the UK, I think. One of them is http://www.adyen.com/products/face-to-face-payments/chip-and-pin/
 
Absolutely we saved on the pay per swipe method. No more monthly fees.
 
The one difference I like with this new PP option is that it can be added to a website. Square cannot at this time.
 
The one difference I like with this new PP option is that it can be added to a website. Square cannot at this time..
ThuderingWind said:
The one difference I like with this new PP option is that it can be added to a website. Square cannot at this time.
See that scares me, with all the PCI Compliance stuff I had to fill out they were adamant about all of that, but you must mean ADD A LINK to process it on the website? Right? Not really ON your website?
 
The one difference I like with this new PP option is that it can be added to a website. Square cannot at this time..
ThuderingWind said:
The one difference I like with this new PP option is that it can be added to a website. Square cannot at this time.
See that scares me, with all the PCI Compliance stuff I had to fill out they were adamant about all of that, but you must mean ADD A LINK to process it on the website? Right? Not really ON your website?
.
Joey Bloggs said:
ThuderingWind said:
The one difference I like with this new PP option is that it can be added to a website. Square cannot at this time.
See that scares me, with all the PCI Compliance stuff I had to fill out they were adamant about all of that, but you must mean ADD A LINK to process it on the website? Right? Not really ON your website?
You've been able to add a PP link to your website for many years, we use it. Plus PP has a payment notification system that can call your website back when the payment is complete. Our homegrown booking system uses it.
 
that is a very high rate at 2.7%, don't you think?
We just checked our statement from the processor:
0.22 and 1.9% for Master Card
0.21 % and 1.9 % for Visa
0.32 % and 1.9% for Discover.
Do you also have any fixed monthly fees?
At first glance your 1.9% rates look like a better deal than 2.7% BUT you have to look at the whole picture. How many transactions per month, etc... When you add it all up, you are paying more than 1.9% in your "effective" rate.
Up to a certain volume of credit card transactions, you will actually come out ahead paying less overall by paying the higher rate but without any other fees.
.
Harborfields said:
Do you also have any fixed monthly fees?
At first glance your 1.9% rates look like a better deal than 2.7% BUT you have to look at the whole picture. How many transactions per month, etc... When you add it all up, you are paying more than 1.9% in your "effective" rate.
Up to a certain volume of credit card transactions, you will actually come out ahead paying less overall by paying the higher rate but without any other fees.
I am sure that I have overlooked something. So, when I have a minute, I will check it out and report back to you. As usual, I didn't look at the entire picture. Yup, that's me. I know that we get a "preferred" rate because our average charge is a little over $ 500. per transaction.
But like I said, I will check and come back to tell you what the bottom line is for us
 
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