> "we’ll bill you $275 on the first of each month. Change pricing plans at anytime from Square Dashboard."
So no commitment. If your volume drops too low, seems you can just drop back to their usual rates. And since their "overage" rate is just the standard rate, there's no reason not to do it if your volume's higher than their cap ($250K/yr, max $400/swipe).
- At $10k / month $275 is 2.75%
- At $5k / month $275 is 5.5%
- At $2500 / month $275 is 11%
It doesn't say if there's a commitment or if there's a way to switch back and forth depending on volume.