Re: Cashapp

AmadorSteel · ‎11-11-2022

Hi there,

I'm looking to find out if Cashapp payments at my Square Register will be charged a processing fee like cards, or if they will not be charged like cash or check.

Thank you

Donnie-M · ‎11-11-2022

@AmadorSteel

"There’s no complicated pricing to process Cash App payments — just our standard transparent processing rate of 2.6% + 10¢ (for card-present transactions) or 2.9% + 30¢ (for card-not-present transactions). If you have a custom processing rate on your Square account, you’ll continue to process Cash App payments at that rate."

It is just like any other credit card. This just gives you a native way to take other payments and sell your product.

Donnie
Multi-Unit Manager
Order Up Cafe/Tombras Cafe/Riverview Cafe/City County Cafe
Roddy Vending Company, Inc.
www.OrderUpCafe.com

Using Square since July, 2017
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AmadorSteel · ‎11-11-2022

I figured that was the case, but had a customer ask about it since Cashapp connects directly to their bank. I suppose in that way it's the same as a debit card, which does get a processing fee.

Thank you!