Amazon Undercuts Square with New Mobile Credit Card Payments Service

mzl.edyryyzd

 

(CNN Money) – When you swipe your credit card at a local business, Amazon wants its cut.

And its new product aims directly at Square, the company started by Twitter co-founder Jack Dorsey.

Amazon Local Register will charge much less than Square: Just 1.75% of the value of each swipe for businesses that sign up by October. It will be 2.5% after that.

Square charges 2.75%.

READ MORE

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.