05/01/2025
Starting a new business and thinking of using Square to take payments? It’s a popular choice—but before you commit, here are some important things to consider:👇
💸 Transaction Fees – Square charges 2.6% + 10¢ per transaction. For a new business with tight margins, this adds up fast!
❄️ Account Holds & Freezes – Square may freeze your funds if they flag a transaction, which can seriously impact your cash flow in those crucial early months.
☎️ Limited Customer Support – New business owners often need help fast. Square’s support can be slow or hard to reach, especially during peak times.
🌐 Internet Dependence – Square relies on a stable internet connection. If you’re working in a spotty area, this can be a real issue.
🧰 Basic Features – Great for getting started, but if you plan to scale, Square might not offer the deeper tools you’ll eventually need (like advanced inventory or customer management).
💳 Hardware Costs – While the app is free, card readers, printers, and terminals aren’t—and for a new biz, that initial investment matters.
⚠️ Not Ideal for High-Risk Businesses – Square has a list of industries it won’t support. They can shut you down without much notice or explanation.
Considering a local credit card processor instead? Click the link below or message today to see how we can help! ✅
Book a meeting 📆: https://calendly.com/ian-merchantpaymentsgroup/30min
