How much does it cost?
The card reader costs $99 and ships for free.
As for transaction fees, this is where things start to get a little bit expensive. Each Visa or Mastercard transaction costs 1.95% – higher than Square’s rate of 1.9%. This applies to both domestic and foreign cards.
Manuel-entry payments in the app are also more expensive than Square with a fee of 2.9% + $0.30 per transaction in AUD. If the payment was made in a currency different from AUD, the fixed fee will be the equivalent to $0.30 in that currency.
If you receive payments in a foreign currency and withdraw that money to your bank account, you pay a 3% fee above the base conversion rate for the currency conversion to Australian dollars.
Transferring money from the online PayPal account to your bank account will also incur a fee. This comes in at 1% of the transfer total.