Rectangle Pay is offering a monthly subscription pricing, with a transaction fee and then a fee of 7 basis points fee for all merchants that covers, underwriting, benefits, risk fees, and bin fees. These fees pay the necessary fees that the bank charges. We will never increase the fees that you pay Rectangle Pay for processing. The Card Brands do increase and decrease Interchange fees twice a year in April and October and those are fees that are collected by the card brands and we DO NOT mark up those fees.
Our program is designed for merchants processing $15,000 a month a more in business or doing 250 plus transactions a month saving you money and giving your flat rate pricing.