Understanding Square payment fees
Square is rethinking the status quo. In an industry full of hidden fees, you’ll know exactly what you’re paying from the start with Square. Square only keeps a fraction of the fees, and most of that supports building the tools to help you run your business.
No hidden fees — ever
You won’t see any unexpected fees that other providers typically charge, like startup fees, statement fees, PCI-compliance fees, or refund fees.
One rate for every card
Pay the same rate for Visa, Mastercard, Discover, and American Express, as well as rewards and business cards. You won’t incur any extra fees, and your customers will have the freedom to pay how they like.
Free dispute-management services
If you get a chargeback, Square covers the fee for every dispute fought on your behalf.
In person
Processing rate
2.6% + 15¢
per transaction
Processing method
When a customer taps, dips, or swipes their card in person, you pay 2.6% + 15¢ per transaction. There is a lower risk of fraudulent activity when the cardholder is present.
Online
Processing rate from
2.9% + 30¢
per transaction
Square Payment Links is
3.3% + 30¢
per transaction.
Processing method
When a customer makes a purchase through your Square Online Store or eCommerce API the fee is 2.9% + 30¢.
Invoices
Processing rate
3.3% + 30¢
per transaction
Processing method
When you send an invoice to a customer and take a payment the fee is 3.3% + 30¢ for cards or 1% with a minimum $1 per transaction for ACH bank transfers.
Manually entered
Processing rate
3.5% + 15¢
per transaction
Processing method
When you manually key in your customer’s card details or use a card on file, the fee is 3.5% + 15¢.
Keep more of what you make with Square.
On average, 97.05%* of your sales stay in your pocket.
What you keep Competitors’ fees Square fee Competitors Square Here’s a breakdown of where the 2.95%* fee goes when you sell with Square: 63% Interchange fees When processing a transaction on your behalf, Square is required to give a percentage of the funds collected to your customer’s card issuer. Assessment fees Square is required to give a percentage of the amount collected from your customer to associations — like Mastercard or Visa — as dues and assessments. 3% Risk and PCI compliance Square products are made with end-to-end encryption and support your PCI compliance so you don’t have to pay extra for your data security. 34% Square services *These percentages reflect a blend of our card-present and card-not-present rates and are meant to be illustrative.
Get more services without the extra fees.
PCI-compliant hardware
Dispute management
Active fraud prevention
End-to-end encrypted payments
Connected POS and processing
Live phone support
We advocate on your behalf.
A large portion of card processing fees go toward paying cash back and other rewards programs for card members. At Square, we have an entire team that works on sellers’ behalf to negotiate with banks and card networks to keep rates as low as possible for our sellers.
See what goes into card processing fees here.
Free Square tools and features.
With Square, you benefit from many resources designed to help you run your business — at no additional cost.
Custom pricing just for your business.
If you’re processing more than $250,000 every year, you might be able to have a custom pricing package designed for your business. Custom pricing will vary depending on your processing volume, average ticket size, your history as a Square seller, and other factors.
¹ Funds generated through Square’s payment processing services are generally available in the Square Checking account balance immediately after a payment is processed. Fund availability times may vary due to technical issues.
Square Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard.
Block, Inc. is a financial services platform and not an FDIC-insured bank. FDIC deposit insurance coverage only protects against the failure of an FDIC-insured deposit institution. If you have a Square Checking account, up to $250,000 of your balance may be covered by FDIC insurance on a pass-through basis through Sutton Bank, Member FDIC, subject to aggregation of the account holder’s funds held at Sutton Bank and if certain conditions have been met.
Download the free Square Point of Sale app.
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