Square payments - cheaper than Paypal

It seems that the cheque replacement cost cutting battle has begun.  Square is offering a cheaper and simpler charging structure than Paypal: a straight 2.75% of the transaction.  Even better (for most businesses), this is designed for 'customer present' transactions and designed to work from a mobile rather than a PC.  Note that if the customer is not present, the charge is 3.5% which is close to Paypal's charge.  See this link for more.

What does the end of cheque guarantee cards and cheques mean for business? | Liquid Accounts

I think the end of cheques is a great idea - removing all those pieces of paper. The problem is for many small companies clubs, schools etc., cheques are a cheap way of transacting. Paypal can facilitate the payments but at upto 3.4% plus 20p per transaction it is expensive. There is room out there for cheaper competition.

What does the end of cheque guarantee cards and cheques mean for business? | Liquid Accounts