Tag: Square Sat, May 25, 2013

• Local Businesses Use Square

  News Jun 04, 2012, by Georgia Perry
  

  “I’m sorry.”
  “I shouldn’t be doing this.”
  “It’s all I have.”

  The all-too-familiar refrains of the regular credit card user may soon be put to rest thanks to an entirely different plastic invention, a little white square about the size of a thumbnail. 

  In general, smaller establishments prefer cash transactions because they cost the businesses nothing, while each credit card swipe costs businesses a certain percentage on top of the monthly fee they pay just to have the ability to read cards with what is called a merchant account. The thinking is that if you’re really supporting small business, you’re not paying with a card. Problem is—who carries cash these days?

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