Square Is Discontinuing Monthly Pricing On February 1, 2014

Posted by Unknown on Saturday November 9, 2013 @08:05PM from the something-about-being-easier dept.

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."

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Re:Big deal. by Joining+Yet+Again · 2013-11-09 23:54 · Score: 0, Troll

A small company with CC swipes of $120k / year with an assumption CCs only being half their income, and the rest cash or invoices (checks), barely supports 1 person if the net margins are very high, in the 20-40% range and tax sheltering is very good.
Barely? Either you live somewhere particularly expensive, or you suffer upper-middle, "Wait, you mean people can live on THAT LITTLE?" disease.