BAR BLOG
Bars Feeling The Pinch Of Square's New Price Change
Square’s recent announcement regarding their pricing change come November 1st 2019 will have a major effect on many small businesses in the USA. Instead of a flat 2.75% per transaction, Square will now be charging 2.6% plus $0.10 on each transaction.
For a small business like a bar processing even just 300 transactions of $5 every day, this change represents a loss of more than $830 in monthly revenue. That’s almost $10,000 a year and with customers having just one drink at happy hour prices, we all know that $10,000 figure will be higher.
Small businesses that were once a great fit for Square may not be such a great fit anymore. No business owner should have to sacrifice an additional $10,000 or more in revenue to accept cards, especially when they won’t receive any noticeably improved service.
If your business has been using Square and is concerned about the pricing changes, PUB PAY want to help. We specialize in finding every business its best payment processing solution at the lowest rate.
Just some of the locally owned and operated businesses in cities around
the USA that we've been able to help grow and expand.
"To be able to help fellow local business owners in the hospitality industry to establish a foothold in America has been a dream of mine and my family since we arrived in the US all those years ago."
Graham Wilson,
Co Founder
PUB PAY