I have been meaning to post this for a while.
Square raised its rates from a fixed 2.75% to 2.6% + 10¢ which means merchants will pay more than before unless a tx is over ~$66
The US has widespread CC usage due to great perks and easy access to credit, but this does put a damper on getting merchants to take cards.
At lest there is an interchange fee cap for debit in the US, hopefully eventually credit.
https://squareup.com/help/us/en/article/6700-square-pricing-update-faq
TTJJ
2
Hopefully not as I’ve been using my US CC points to pay for my flights.
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Yeah, but it’s all funny money in the end. I loved my rewards, but it is just me paying for it in the end.
TTJJ
4
I’ve never set foot in the USA though so I’m not really sure of the situation there and what card acceptance is generally like.
But you have a US CC?
I’d say it is pretty good, tho some smaller places are cash only. CC dominates tho over Debit.
TTJJ
6
Yup, but only for the rewards.
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