Edit: See comment below, apparently the 30 cents is now 5 cents for card present. Helpful, though doesn't necessarily close the whole gap, depending on transaction mix.
(may be getting A/B tested if you're seeing something different?)
Open to stats that say otherwise.
Because that’s not Square’s rate, they charge a flat 2.75%.
Square's fees are pretty high unless you are processing less than say $150k a year.
So far, companies like Paypal, Square, and now Stripe, don't pass those savings on. They all have one rate that doesn't differentiate.
Compared to online, where all you have is the card number and the CVV, both of which are easily duplicated. And this is why tokenization is such a big deal. Tokenization means you don't store the actual card number, and the token you do store is tied directly to your merchant, so it's not widely reusable.