Understanding Square payments fees.
Know what you’ll pay from the start with transparent pricing. When a customer spends money with your business, Square only keeps a fraction of the fees, and most of that goes right back into your business.
In person
Processing rate
2.6% + 10 cents
Per transaction
Processing method
When a customer taps, dips, or swipes their card in person, you pay 2.6% + 10 cents per transaction. There is a lower risk of fraudulent activity when the cardholder is present.
Online
Processing rate from
2.9% + 30 cents
Per transaction
Square Payment Links is
3.3% + 30 cents
per transaction.
Processing method
When a customer makes a purchase through your Square Online Store or eCommerce API the fee is 2.9% + 30 cents.
Invoices
Processing rate
3.3% + 30 cents
Per transaction
Processing method
When you send an invoice to a customer and take a payment the fee is 3.3% + 30 cents for cards or 1% with a minimum $1 per transaction for ACH bank transfers.
Manually entered
Processing rate
3.5% + 15 cents
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 cents.
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 Square processes a transaction on your behalf, Square is required to give a percentage of the funds collected to your customer’s card issuer. Assessment fee 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. Merchants in the U.S. pay over $100 billion every year in interchange fees for electronic payments — a growth of 72% from 2009 to 2018. A large portion of these 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.
Hear what other business owners have to say about how industry costs and interchange fees work.
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.
Square Checking is provided by Sutton Bank, Member FDIC. Square Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard. Square Debit Card may be used wherever Mastercard is accepted.
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.
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