Learn about Square 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.
There are no fees for:
Activation
Downloading the Square Point of Sale app
Chargebacks and Dispute management
Square Support
Advanced reporting tools
Account inactivity
PCI compliance coverage
Account takeover protection
End-to-end encrypted payments
Active fraud prevention
Next-business-day transfers
Free Square Reader for magstripe
Early termination
Processing refunds
Payment processing fees are taken out of the total amount of each transaction, including tax and tip. This fee covers all credit card fees and applies to every card brand at the same rate. The fee is deducted from the total transaction amount and applies to all businesses, including non-profit organizations.
Learn more about how Square processing fees work.
Square fees by payment type
Square processing fees are deducted before funds are transferred to your linked bank account. Here are the payment types you can accept with Square and the associated fees on the total transaction amount:
Swiped Magstripe Cards: 2.6% + 15¢ **
Swiped or Inserted Chip Cards: 2.6% + 15¢ **
Contactless (NFC) Payments: 2.6% + 15¢ **
Tap to Pay on iPhone: 2.6% + 15¢ **
Tap to Pay on Android: 2.6% + 15¢ **
Point-of-Sale API Swiped or Inserted Payments: 2.6% + 15¢ **
Swiped Virtual Terminal Payments: 2.6% + 15¢ **
Payment Links Through Text in Virtual Terminal: 3.3% + 30¢ **
Card on File Transactions: 3.5% + 15¢*
Manually Entered Card Payments: 3.5% + 15¢*
Point-of-Sale API Keyed-In Payments: 3.5% + 15¢*
Manually Entered Virtual Terminal Payments: 3.5% + 15¢*
Square eCommerce API: 2.9% + 30¢
Square eCommerce payments: 3.3% + 30¢ **
Square Payment Links: 3.3% + 30¢ **
Subscription Payments: 3.3% + 30¢ **
Cash App Pay (Card-Present Transactions): 2.6% + 15¢ **
Cash App Pay (Card-Non-Present Transactions): 2.9% + 30¢ **
*The higher fee for manually entered transactions is due to a greater risk involved with these payments, as neither the payment card nor the cardholder needs to be present for the payment to occur.
**Payment processing rates may vary based on plan type. Check your Pricing & subscriptions page in Square Dashboard for rates applicable to your plan.
Important to note
ACH Bank Transfers are priced at 1%, with a minimum fee of $1 per transaction.
If you are processing payments for CBD transactions as a part of the Square CBD Program, different fees will apply.
You won’t pay any fees for Cash, Check, and Other Tender payment types. Learn how to accept cash and checks with Square.
Square Invoice fees
Square Invoices processing fees are deducted before funds are transferred to your linked bank account. With Square Invoices you are able to accept payments via a number of different methods that have different processing rates. The information below outlines what fees are associated with each payment type on the total transaction amount:
Online card transaction
Invoices Free: 3.3% + 30¢
Invoices Plus: 2.9% + 30¢
In-person (tap/dip/swipe)
Invoices Free: 2.6% + 15¢
Invoices Plus: 2.6% + 15¢
Manually Entered card payment
Invoices Free: 3.5% + 15¢
Invoices Plus: 3.5% + 15¢
Card on File
Invoices Free: 3.5% + 15¢
Invoices Plus: 3.5% + 15¢
ACH transaction
Invoices Free: 1%, minimum $1
Invoices Plus: 1%, minimum $1
Afterpay fees
Square sellers using Afterpay 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 installments or if your customer makes a late payment.
In-person (Including Square POS, Retail POS, Restaurants POS, and Appointments POS): 6% + 30¢
Square Invoices: 6% + 30¢
Virtual Terminal (card not present): 6% + 30¢
Connected Square Terminal to Virtual Terminal (card present): 6% + 30¢
Note: Afterpay rates are fixed and do not vary by subscription type, hardware, or custom pricing.
Gift Card fees
With Square Gift Cards you will pay a 2.5% load fee of the total amount loaded on to the gift card whenever you load or reload a physical gift card or digital eGift card online or in store. There are no additional fees to redeem Square Gift Cards.
For digital eGift cards you will pay a credit card-not-present processing fee of 2.9% + 30¢** for cards sold online through your Square eGift Card order site. If you sell your eGift cards through the Square app, you’ll pay the credit card processing rate based on our standard card processing rates.
Square does not charge load fees when you issue refunds to gift cards.
**Payment processing rates may vary based on plan type. Check your Pricing & subscriptions page in Square Dashboard for rates applicable to your plan.
Custom rates on processing fees
If your annual sales exceed $250,000, contact sales.
View your processing fees by location
Sign in to Square Dashboard and go to Account & Settings > Pricing & subscriptions.
Click the Main account filter box and select the location you want to view processing rates for.
If you don't see the Main account filter box, scroll down to the Processing Fees section.