Since 2009, Square has developed into a major player in the merchant and mobile services industry. In fact, this popular company generates over $1.3 billion dollars in revenue each year.
In spite of the company's success, many small business owners are concerned about the rising costs of the company's transaction fees. For each transaction, Square assesses a fee of 2.75 percent. If you conduct a large number of transactions, these fees can crush your bottom line.