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first time user question
As a first time user, I charge $1 to figure out this service. And, you charged 33 cent as a fee.
Why did you charge 33% of fee?
Also, can I send an invoice with the amount of more than $5,000. as the first regular transaction? Or, is there any amount limit for a new user ?
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@ykfirm ;
More information would be needed on the type of sale you charged the $1.00 by. Different types of payments have different fees through Square. The card present has the lower rates. and there is a 10 cent fee on these transactions on top of the lowest rate.
Here is a Link that explains the fees better:
So if you sent an invoice or used the virtual terminal you would have one of the higher rates since Square views these as the most risk since they work with card not present.
As for the Invoice over $5000 you will be fine up to $50,000 per transaction. I believe this is the rule for most Credit Card Processors even for in store sales.
Link to that information:
Owner
Pocono Candle
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