x

why are the rates different for card present transactions

why, if the card is present and the chipless, wireless hardware is working, and I am not manually entering the transaction do rates vary from the norm of 2.6% to my most recent of 2.87%

according to the foot note, this was #2 square processing fees and any 3rd party fees.   there was no indication that this was anything other than a regular credit card

783 Views
Message 1 of 3
Report
2 REPLIES 2
Admin

Hey @raimie- I'm not sure about that 2.87% fee. Are you using an API of some sort? You can always reach out to our Support Team and have them take a look at your fees. We're not able to see that info here but Support is more than happy to check it out!

nika
Beta Community Manager, Square
Join the Beta Community
Evaluate | Influence | Engage


739 Views
Message 2 of 3
Report

thank you for the suggestion.  I have sent an email as suggested, do not know what an api is, am only using the device procured from square, a wireless reader.  the cards are present, I understand when factoring in the transaction charge of .10 the 2.60 rate does increase slightly but 2.87%?  for reason # 2?  for a Visa card?  just does not make sense

735 Views
Message 3 of 3
Report