Let me answer each individual myth that was explained, because some of them are not myths, they are true.

1. Square is more expensive.

Yes, Square IS more expensive. If you compare it to the market averae, the average retail merchant pays 1.70% per swipe, vs Square 2.75%. So, yes Square provides a free E-Commerce (which the rate jumps to 3.49% + $0.19) and an inventory option (that is super basic). If you compare Square to companies like MagicPay, that provides the Payment Jack application, also an inventory management, cloud-based platform, Square is more expensive. MagicPay ( http://www.magicpay.net )is not the only one, you got other competitors like SwitchPay, GroupISO and tons of others that provide the SAME service for 40% off.

2. Square isn't secure (PCI-Compliance)
This was an issue Square had fixed with their readers, their readers used to not be encrypted, now, finally, after Verifone proved them wrong with their SailPay solution, they put encryption on their readers.

3. Square has no phone support.
No, Square does NOT have phone support, visit their website: https://squareup.com/help/en-us/contact
Do you see a phone number listed? Because I don't.

4. Square is only for small businesses.
Large corporations would NEVER allow themselves to pay 2.75% per swipe, and in order to get better pricing from Square you need to process over $1 million per month!

5. Square's business is struggling.
Well, this one is debateable, but, it is not a myth that Square's competition is closing in.

6. Square hidden fees.
That is the only inccorect myth.

7. Square profits from transaction disputes.
Yes, it does, but this applied to every single merchant services provider...

8. Square is just a card reader.
Well Square is not an integratable payment gateway, so yes, to me it's just a card reader.

9. Square is unreliable.
It is UNRELIABLE. Here is a list of industries Square will put a hold on, and this list is just a small portion of it:

- Collection Agency
- Travel Agency
- PC Support
- Airline ticket booking
- Membership clubs
- Software Sales
- Hotels

10. Square only works on Apple products.
Well, Square is compatible also with Android, but this is not a myth..