When you buy your terminal, you'll be charged $399 per the web site. When you start using it, you will receive a credit of a total of $300 in processing fees, bringing your real price down to $99. Here's a screen shot from their Terminal site:
If you’ve signed up with Square in the last two months, you're eligible to receive $300 in reimbursed processing costs after you activate your new Square Terminal.
In other words, you'll pay the full $399 today, but after you start accepting credit and debit cards, the $300 credit will be deposited into your account over time. Before long, you'll have paid only $99 in total.
Judy T Shumway
