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"Mobile payments firm Square is offering small businesses an alternative to the standard cut-per-transaction model. Now, such businesses can pay a flat $275 fee per month for unlimited use.\nSquare, which normally charges a 2.75% fee per swipe, announced the option on Thursday. \n\u201CFor 62 years, merchants have suffered complicated, expensive processing fees. Square is the first company to rethink electronic payment pricing with the merchant in mind. We are giving merchants affordable, predictable pricing, \u201D said Square CEO and co-founder Jack Dorsey said in a press release. \u201CWith one monthly price, merchants know that the sales they\u2019ve processed in a day is the same amount deposited in the bank.\u201D The option is available to businesses that post less than $250,000 a year in transactions.\nThe announcement comes shortly after Square inked a deal with Starbucks to be featured in that chain's stores later this year."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2012/08/16/square-monthly-fee/>