Fee Schedule

Effective Date: 17 November 2022

1. Card present transaction (e.g., Chip and PIN or contactless) fees:


2. Card-not-present transaction fees:

Online payment products:

  • 1.4% + 25p per UK card transaction*
  • 2.5% + 25p per non-UK card transaction*

All other payment products:

  • 2.5% per card transaction*
Payment Method UK Cards Non-UK Cards
Square Online 1.4% + 25p 2.5% + 25p
Online Checkout 1.4% + 25p 2.5% + 25p
eCommerce API and SDK 1.4% + 25p 2.5% + 25p
Purchases of Digital Gift Cards 1.4% + 25p 2.5% + 25p
Invoices 2.5% 2.5%
Virtual Terminal 2.5% 2.5%
Manually keyed-in on Square POS app 2.5% 2.5%
Invoices Dashboard; Manually keyed-in on Invoices 2.5% 2.5%
Card on File 2.5% 2.5%
3. Instant Transfer Fees:

1% of Balance (after card transaction fees)**

Understanding Square’s Pricing

Square’s flat fees include all fees and charges applied by card issuers, the Networks and the Acquirer to Square, including interchange fees.

Default interchange fees are set by the Networks (to review current default interchange fees, check out the MasterCard and Visa websites), but may differ based on a Card’s issuer, category or brand. While interchange fees vary, they are capped in the United Kingdom at 0.3% for credit cards and 0.2% for debit cards (in respect of the annual overall transaction value within each Network). By deducting the relevant interchange fees from Square’s flat fees for a given transaction, you may assess the value of Square’s fees to Square.

*Of the transaction fees, Payment Services Fees account for 1.1% of each transaction with the remainder of the fees being SaaS Fees.

**Of the Instant Transfer Fees, Payment Services Fees account for .05% of each transaction with the remainder being SaaS Fees.