Square VS Clover Card Processing Rates
2.6% In Person Swiped Rates
.35% – 2.25% In Person Swiped Rates
Square VS Clover In Person Payment Transactions.
Here in the page we will compare the Square VS Clover card processing rates and how much this is costing your business every month. Square is a great service for processing cards for your business if you are processing under $750 per month. However if you are looking to save money and also have local Utah service, this is where the Clover Systems offered by Utah EZ Pay really shines!
Two ways To Receive Clover Rates & Equipment:
1 – From Clover Directly
2 – From Utah EZ Pay that is a Clover outside direct relationship Certified Agent also called an ISO, (Independent Sales Office). You will enjoy all of the many benefits of Cover Directly plus:
- Much better rates than Clover Corporate offers e.g. our Mt Timpanogos 0% & Mt Olympus .35% rates
- Free & Discounted Equipment
- Local Utah call/text or face-to-face service
- Plus Clover corporate support as well
Square’s Advertised Card Processing Rates:
Now let’s see the Square VS Clover card processing rates and how much this is costing your business every month by using the Square service.
FACT:
“Most business have no idea how much Square is costing them until they take a hard look at the numbers”
Utah EZ Pay Offers Two Awesome Rate Options:
Mount Timpanogos 0%
(90% + savings – fees included in sale total)
Mount Timpanogos (0%) is a 0% Rate Dual Pricing platform. The 4% processing fees are included in sale total. Or Customers can choose a 4% discount for paying cash.
- 0% Debit Cards With a PIN.
- 0% Debit & Credit Cards no PIN.
- 0% AMEX / Rewards.
- Average of All Cards = 0%.
Mount Olympus .35%
(40% + savings – fees paid by business)
Mount Olympus (.35%) is an Interchange Plus Rate platform starting at .35% basis points or lower. Businesses pay the fees at an interchange rate.
- .35% Debit Cards With a PIN.
- 1.29% Debit & Credit Cards no PIN.
- 2.25 % AMEX / Rewards.
- Average of All Cards = 1.30%.
Square VS Clover Swiped Transactions:
Square Swiped Rate
Cooperate Offered Pricing:
With Square most customers have no idea they are paying higher card processing fees. Square has bundled all of their transactions into one average price for swiped cards.
Having all the cards bundled together pushes the total effective rate up for swiped cards. This is a great way for the company to make more money by charging you a higher rate but making it appear that you are paying less. But in reality…
You ARE paying with Square:
2.6% + 10¢ per transaction.
Clover Swiped Rate
Mt Olympus .35% Pricing:
Clover is a “merchant service provider” who processes payments based on the actual amount each card charges. Even with the mix of cards, your effective rate will end up being much less than the 2.6% Square is charging.
- .35% + 10¢ Debit Card With A PIN
- 1.29% + 10¢ Debit & Credit Cards No PIN
- 2.25% + 10¢ AMEX / Rewards Cards
- The average of all of the card mix above = 1.30%.
You COULD be paying with Clover:
1.30% + 10¢ per transaction.
The Difference From 2.6% – 1.3% = A 1.30% In Rates Savings
e.g. How Much A 1.30% Reduction In Rates Savings Will Amount To With Our Mt Olympus .35% Rate Option:
e.g. $10,000 in card processing volume X a 1.30% in rate savings = a $130 monthly savings.
| Monthly Card Volume: | Monthly Savings | Yearly Savings | 5 Year savings |
|---|---|---|---|
| $10,000 | $130 | $1,560 | $7,800 |
| $20,000 | $260 | $3,120 | $15,600 |
| $50,000 | $650 | $7,800 | $39,000 |
| $100,000 | $1,300 | $15,600 | $78,000 |
| $250,000 | $3,250 | $39,000 | $195,000 |
e.g.: How Much A 2.6% Reduction In Rates Savings Will Amount To With Our Mt Timpanogos 0% Rate Option:
e.g.: $10,000 in card processing volume X a 2.6% in rate savings = a $260 monthly savings.
| Monthly Card Volume: | Monthly Savings | Yearly Savings | 5 Year savings |
|---|---|---|---|
| $10,000 | $260 | $3,120 | $15,600 |
| $20,000 | $520 | $6,240 | $31,200 |
| $50,000 | $1,300 | $15,600 | $78,000 |
| $100,000 | $2,600 | $31,200 | $156,000 |
| $250,000 | $6,500 | $78,000 | $390,000 |
Free & Discounted Clover POS Systems We Offer & Much Better Rates:
Clover POS Systems From Utah EZ Pay Has The Best Rates & Options:
Contact Utah EZ Pay Today For Square VS Clover POS & Better Rates!
We hope you have enjoyed this informative Square VS Clover report. What makes receiving a new Free Clover POS from Utah EZ Pay so good? Getting double support. Not only directly from Clover/Fiserv on the 1-855 corporate level, but also yours truly on the local Salt Lake level. Greg G Kapitan. You can call or text me at: 801-205-1955 anytime. Put my number in your phone, you will be glad you did!
