Square provides policy and pricing updates

In a blog post, Square said: "Occasionally, Square needs to update policies and pricing for our products to better align to evolving costs from our network and payments partners. In these scenarios, we make pricing changes so that we can invest in our platform, create new features, and continue expanding the value Square provides its sellers. Because we have a growing, multifaceted ecosystem of integrated business and commerce tools, we work carefully across product lines to minimize disruptions and changes. Beginning next month, three new pricing changes are going into effect for Square sellers: updates to our refund policy, changes to paid transfers pricing, and new pricing for our revamped Square Online paid plans. We are updating Square’s refund policy so that processing fees will no longer be returned when sellers issue a full or partial refund to their buyers. The fee for instant and same-day transfers is changing from 1.5% to 1.75% per transfer. For ecommerce and omnichannel sellers, we are consolidating the plans we offer for Square Online to 3 distinct tiers – Free, Plus, and Premium – and recalibrating prices across paid plans. For existing sellers in the U.S., the new refund policy and paid transfers pricing will go into effect on April 11, 2023." Reference Link