processing fees

[robinperdue]

When I add up total processing fees that are coming out of my account, the total is about 6%. There is broken down between square fees and Aa fees. What are the Aa fees? Thanks!!

[Donnie-M]

@robinperdue Not sure what you are referring to as "Aa" fees.  But the fee structure for square includes a % and a transaction fee.  The transaction fee varies from in person to online orders and if you do a keyed entry with the card not present etc.

On your daily report that gets e-mailed to you, you can see an "effective rate" that breaks that down to you.  The percentage will be higher if your transaction amount is lower... i.e. 7$ average transaction versus a $70 average transaction amount.

Also, don't forget there are fees for instant cash transfers if you use that option.  

Here is a link to a comprehensive article:

Square processing fees 

[SCWilliams]

Fee Source

Here is an example

Here is an  example of Aa fees

Fees

Square

$12.19

Aa

$10.00