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If your business processes over $10,000 a month in credit card sales, you might be paying more than you should. Square recently raised its rates, especially for online and manually entered transactions. If you take payments over the phone, through invoices, or in an online store, these changes directly impact your bottom line. In this article, we’re reviewing Square’s recent price increases and providing alternative solutions for you and your business.
What Changed with Square’s Fees?
Square increased its processing fees for transactions where the card isn’t physically present.
- Old Rate (Card-Not-Present): 3.5% + $0.15 per transaction
- New Rate (Card-Not-Present): 3.75% + $0.15 per transaction
At first glance, this might not seem like a big deal. But let’s break it down: if you process $50,000 a month, this increase means you’re paying an extra $1,500 per year—money that could go toward hiring, marketing, or even AI-powered tools to streamline your business.
Why Businesses Are Looking for Better Options
Square is popular because it’s easy to set up, but that convenience comes at a cost. As your business grows, these high fees eat into your profits. If you’re processing over $10,000 a month, it’s time to consider a payment solution that works better for your bottom line.
That’s where Evolve Payment comes in. We help businesses like yours lower their payment processing costs while keeping things easy and efficient.
How Evolve Payment Saves You Money
Unlike Square’s fixed pricing, Evolve Payment offers:
- Better pricing structures: Our interchange-plus pricing model often leads to lower fees than flat-rate processors like Square.
- QuickBooks integration: We sync directly with your accounting software, eliminating manual data entry and errors.
- Dedicated customer support: Instead of generic chatbots, you get real humans who understand your business and work to optimize your payment setup.
Seamless QuickBooks Integration (No More Manual Work!)
Switching from Square doesn’t mean you have to start from scratch. Evolve Payment works directly with QuickBooks and other accounting platforms, giving you:
- Automatic transaction syncing – No more wasting time manually entering sales.
- Lower fees with the same functionality – Reduce costs while keeping your business running smoothly.
- Better cash flow management – Stay on top of your finances without extra effort.
The 2025 Mindset: Stop Overpaying for Convenience
We’re in a time where AI, automation, and streamlined business solutions are more accessible than ever. There’s no reason to keep overpaying for outdated pricing models. Square might have worked for you when you started out, but if your business is growing, it’s time for a smarter solution.
Evolve Payment helps businesses cut down on fees while keeping everything running smoothly.
Want to see how much you could save? Contact Evolve Payment today for a free rate review!