Anyone using "The Square" for Credit Card sales??

[mike31154]

So this thing is a credit card reader? And they charge up to 3.75% per swipe? The credit card company also charges merchants a percentage per transaction, no? So now if I'm a merchant I'm paying both the credit card company and this square company. Could end up being close to 10% per transaction/swipe. Someone's making a bunch of money.... at the expense of the merchant and ultimately the customer. I think I'd rather take a personal cheque. Maybe old school & take a bit more time, but in most cases there is a recourse if the cheque bounces.