Highlights from the 1st Square Daily Bearing April 16th, 2026
- Signing up with Square through PayCompass is quick and simple—no underwriting required. Merchants can start processing in minutes. Just use this link and follow the prompts to complete the intuitive self-enrollment together. square.paycompass.com
- The link defaults to Square’s standard rates (2.65% + $0.15 for card-present), but as a PayCompass agent, you control the pricing. You can raise or lower rates—just connect with our team at sales@paycompass.com and we’ll walk you through the next steps.
- After signing up, merchants get instant access to their Square dashboard, where they can order hardware, set up e‑commerce integrations, update bank accounts, and more.
- A common complaint with Square is weak customer support. With PayCompass, our Support Team has admin access to merchant dashboards and can provide fast Level 1 support. If more help is needed, we’ll coordinate with Square for next steps.
- Your Square buy-rate (Schedule A) is a flat 50 basis points—no monthly fees, no authorization or transaction fees, and no extras. Just a simple 50 bps.
- Your residual split on Square profits matches what you earn on our other platforms—no split of splits here.
- Because all agents and merchants use the same enrollment link, you must notify us of any merchants you sign up so we can credit your compensation. This will be automated soon, but for now, a quick heads-up is required—otherwise, we won’t know who to pay.
Daily Bearing 04.24.26 - Benefits of Square as a PayFac (eComm)
- Fast, frictionless onboarding – Instant approvals with no underwriting delays, even for eCommerce and brand-new merchants.
- No traditional barriers – No website policy reviews, bank statements, financials, or conditional approvals required.
- Ideal for eCommerce – Eliminates the long, painful MID approval process that slows down online sellers.
- Merchant-friendly experience – Reduces back-and-forth and prevents merchants from defaulting to Stripe or Shopify simply for convenience.
- Proven PayFac leader – Square’s success comes from prioritizing ease of use and building the technology merchants want.
Daily Bearing 06.10.26 - Square Bonus Incentives
The Square incentive bonus was announced yesterday, and I love seeing that many of you have already taken advantage of it! This program will only be in effect for the next 90 days, so make sure you hit it hard while you can.
The details are simple:
Board and activate a merchant with Square that processes at least $750K annually.
Submit at least two consecutive monthly processing statements from the last 12 months to our Sales Ops team (sales@paycompass.com) that prove the merchant’s volume.
After the merchant starts processing, you’ll earn an upfront bonus of $1,500, which will be paid out with your next residuals!!!
This is, by far, the biggest sales incentive program I’ve ever seen in our industry, and I’m thrilled to be able to offer it to all of you!