Square Eliminates Transaction Fee, Calls it a Revolution

Square, the mobile payments company co-founded by Twitter co-founder Jack Dorsey, just announced that it is removing a 15¢ transaction fee on credit card payments – a move that is sure to capture merchants’ attention. The company says:

Now when you swipe a card with Square there is just one fee: 2.75%. What you see is what you pay.

Will Square Power a Revolution in Credit Card Payments?

We may be looking at a revolution in payments. Square, which launched late last year from Twitter co-founder Jack Dorsey, is now offering a way for anybody with the right mobile device to accept credit card payments for less hassle and fees than before possible.