Wednesday, August 13, 2014 4:27:17 PM
Aggressive pricing... Really??? 
As Amazon has done in other areas, the company will aim to undercut competitors with aggressive pricing. Amazon said users who sign up before Oct. 31 will receive a promotional low transaction rate of 1.75% on swiped transactions until January 1, 2016. After that, users will pay a flat rate of 2.5% on all swiped transactions.
In comparison, Square charges merchants 2.75% per payment, while PayPal charges 2.7% per credit card swipe or PayPal transaction. Intuit's swipe rate is 2.4%; however, its customers can pay $19.95 a month for a lower rate of 1.75% per card swipe.
As Amazon has done in other areas, the company will aim to undercut competitors with aggressive pricing. Amazon said users who sign up before Oct. 31 will receive a promotional low transaction rate of 1.75% on swiped transactions until January 1, 2016. After that, users will pay a flat rate of 2.5% on all swiped transactions.
In comparison, Square charges merchants 2.75% per payment, while PayPal charges 2.7% per credit card swipe or PayPal transaction. Intuit's swipe rate is 2.4%; however, its customers can pay $19.95 a month for a lower rate of 1.75% per card swipe.
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