Learn about Square’s fees
About Square's fees
Square has simple and transparent pricing. Our best-in-class point-of-sale software is completely free and you’ll always pay one low rate per card payment, so you can keep more of what you make. Square’s processing fees are deducted before funds are transferred to your linked bank account.
Learn how how processing fees work.
Before you begin
There are no hidden fees for the following:
Activation
Downloading the Square Point of Sale app
Chargebacks and Dispute management – no dispute fees (generally $15-$25 per dispute)
Square Support
Advanced reporting tools
Account inactivity
PCI compliance PCI compliance coverage
Account takeover protection
End-to-end encrypted payments
Active fraud prevention
Next day transfers
Early termination
Credit card fees are included in Square’s fees, so there are no charges from credit card companies.
Every card brand accepted has the same rate.
Payment processing fees are taken out of the total amount of each transaction, including tax and tip.
Square’s fees apply to all business types, including not-for-profit (NFP) organisations.
Learn more about the way our fees are broken down.
Square’s payment processing fees
Payment type |
Processing fee (sellers who signed up prior to 30 May 2024) |
Processing fee (sellers who signed up on or after 30 May 2024) |
|---|---|---|
Contactless, chip and PIN or swiped card-present transaction on Square Terminal or Square Register |
1.6% |
1.6% |
1.9% |
1.6% |
|
1.9% |
1.6% |
|
Connect Square Terminal with Square Point of Sale or connect Square Terminal with Virtual terminal |
1.6% |
1.6% |
Contactless, chip and PIN or swiped card-present transaction on Square Reader or Square Stand |
1.9% |
1.6% |
Manually-entered payment to the Square app, Card on File recurring payments facilitated via Square Invoices and Virtual terminal |
2.2% |
2.2% |
Online payment products, including Square Online, Square eCommerce API, Square Payment Links and Subscription Payments, and purchases of Square Gift Cards |
2.2% |
2.2% |
2.5% load fee + standard processing fees |
2.5% load fee + standard processing fees |
Note: If you’re an existing customer using Square for Appointments, Square for Retail or Square for Restaurants you may be on different processing fees.
The 1.6% card present rate applies for Square Sellers who sign up on or after 30 May 2024, or who signed up prior to this date and subscribed to a paid software plan that offers a 1.6% processing rate.
The rate of 1.9% will apply for all other Square Sellers who signed up prior to 30 May 2024 when using Square Reader, Square Stand or Tap to Pay, as listed in the Square Fee Schedule above.
Afterpay fees
Square sellers using Afterpay for in-person or online transactions get paid the full amount at the time of purchase, minus a processing fee on the total order. Enabling Afterpay with Square is free – there are no monthly fees or startup costs. You only pay when you make a sale. There are no processing fees charged on the remaining instalments or if your customer makes a late payment.
Afterpay pricing is 6% + 30 cents per transaction (excl. GST) on the following products:
In-person (including Square, Retail, Restaurant and Appointments POS apps)
Connected Square Terminal to Virtual Terminal (card present)
Square Web Payments
Custom rates on processing fees
If your annual sales exceed $250,000 and you have an average ticket size of over $15, our Sales Team can help find the right transaction rate and Square offerings for you. Contact Sales to learn more.
View your fees
To view your monthly GST invoices and processing rates from your Square Dashboard:
Sign in to Square Dashboard and go to Account & Settings > Tax invoices.
Click on the reporting location and month, then click Download to download a PDF.
Learn how to View tax, fee and service charge reports.