Does Clover charge a processing fee?
Credit card processing fees: Clover charges 2.3% + $0.10 for in-person transactions, and 3.5% + $0.10 for card-not-present transactions. Monthly fees: Depending on the plan you choose, Clover's monthly fees range from $14.95 to $94.85.
While Clover's card processing fees aren't necessarily hidden, they aren't included in the price of monthly plans and are important to be aware of. Depending on your chosen plan, Clover charges anywhere between 2.3% + 10¢ to 2.6% + 10¢ for card-present sales, with pricier plans tending to offer lower fees.
On the back-end of the website, press Clover Orders > Settings > Checkout settings. And then, scroll down until you see Service Fees. It will allow you to charge an additional fee per order.
Clover allows you to pair it with a payment processing device that won't take a cut of the credit card processing, so you end up keeping more of your hard-earned money. As a new business owner, Square is the more attractive option because it is cheaper and there are fewer things to keep track of.
Comparing software plans, Clover is the more expensive of the two because its price includes most “add-ons,” unlike Square, where you need to pay per add-on.
Limit each offline payment amount to | The maximum amount that can be accepted per offline transaction. The default is $500.00, tap the icon to edit. Limit total offline payments to | The maximum amount of offline payments that can be accepted. The default is $5000.00, tap the icon to edit.
If you're wondering if it is legal to charge credit card fees, the short answer is yes. The practice of surcharging was outlawed for several decades until 2013 when a class action lawsuit permitted merchants in several U.S. states to implement surcharges in their businesses.
Adding a credit card surcharge is currently legal in all but two states and one United States territory. Merchants must also follow all surcharging requirements imposed by the credit card associations (Mastercard, Visa, American Express, and Discover).
Clover typically takes one to three business days to credit payments to your account. However, you can opt for immediate transfer of funds for a small fee of 1% per deposit.
The Clover point-of-sale system is a good option for business owners of many types: restaurants, retail outlets or professional services. Its hardware is on the pricey side, but the reasonable monthly cost and low payment processing fees help offset that upfront investment over time.
Why is Square so cheap?
Rate & Fee Pricing
Square uses a bundled pricing model to bill its customers for credit card processing. This means it combines the three components of credit card processing costs into one single rate.
Contract terms can vary based on your service provider, whether Clover Direct or among our trusted partners including Citi, PNC, SunTrust, and Wells Fargo, or from more than 3,000 other First Data partners that also sell Clover solutions in the US. For specifics, please call (866) 454-0060 for assistance.
Depending on how you have set up your service fee, you or your customer could be paying for the $1.50 that Menufy charges. If you are having your customers cover the $1.50 service fee, it will show up on the customer's ticket as a convenience fee of $1.50.
Clover is owned by Fiserv, one of the largest payment processors in the world. It offers a variety of security features, including two-factor authentication and end-to-end encryption.
Creating an account on Clover is free. But sending messages requires a paid account.
Clover is free to start and there's no time limit. We also offer Pro accounts for those needing more blocks and capabilities.
