Square And why it’s happening. <https://squareup.com/> <https://squareup.com/> Our new rate will be 2.6% + 10¢. Square is changing the 2.75% rate for tapped, dipped, and swiped transactions to 2.6% + 10¢. We’re happy to share that based on your sales history over the last year, we estimate that you’re likely to becharged less in processing fees with this rate. This change will come into effect for you onNovember 1. We know a pricing change can feel complicated so we want to make sure you have enough time and information to understand this change. For every payment Square processes for you, Square has to pay a set of fees that are both a percentage of the transaction and a fixed fee. The original 2.75% rate doesn’t always match these costs, which is why Square is moving to a lower rate of 2.6% plus a fixed fee of 10¢ per tap, dip, and swipe. To give you an idea of how much you could save, if we applied the new rate to your tapped, dipped, and swiped sales over the last 12 months (from 9/1/2018 to 8/31/2019), it would result in an average fee decrease of $0.28 per month. This is an estimate only—your actual fees may vary based on the dollar size of each sale, the number of sales, and the mix of tapped, dipped, swiped, and keyed-in card payments. We encourage you to use our newpricing comparison tool <https://squareup.com/dashboard/account/pricing?unitToken=2YG2T6CZXA9H3>, which lets you select different time periods of your sales history per location to see the fee difference, and to read ourPricing FAQ <https://squareup.com/help/us/en/article/6700>. With this new, lower rate, you’ll still enjoy all the same benefits, including: One rate for all major cards No startup fees, statement fees, refund fees, PCI-compliance fees, chargeback fees, or business card fees End-to-end encrypted payments 24/7 fraud prevention Payment dispute management Fast deposits and real-time access to your funds with Square Card See your fee difference <https://squareup.com/dashboard/account/pricing?unitToken=2YG2T6CZXA9H3> © 2019 Square, Inc. <https://squareup.com/> 1455 Market Street, Suite 600, <> San Francisco, CA 94103 <>