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Learn About Square's Fees

Square’s 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:

Square’s Payment Processing Fees

  • 1.9% for each card tapped, inserted, or swiped transaction the Square Point of Sale app
  • 2.2% for each manually entered payment through the Square Point of Sale app
  • 2.2% for each Square Invoice paid securely online
  • 2.2% for each payment through the Square eCommerce API
  • 2.2% for each Virtual Terminal payment

Swiped magstripe cards, inserted chip cards, and contactless payments processed through Square Terminal have a 1.6% fee.

Over $250,000 annually in revenue? Contact our Sales team.

Every card accepted has the same rate, and fees are taken out of the total amount of each transaction, including GST and tip.

If you’d like to view a month-by-month breakdown of the GST component of your fees, you can visit the Tax Invoices section of your Square Dashboard.

Seller Community: Ask questions, get answers, and read more about generating monthly reports.

No Hidden Fees

There are no separate fees for the following:

  • Activation
  • Early termination
  • Interchange
  • Chargebacks
  • Cash payments
  • Refunds
  • Inactivity

Credit card fees are included in Square’s fees, so you will not incur any charges from credit card companies.

View Your Fees

View your current processing rates at any time from your online Square Dashboard.

Note: If you have more than one location, you must first select a location to view its rates.

View Fees Paid Per Transfer

From the Square Point of Sale app:

  1. Tap the three horizontal lines > tap Reports.
  2. Tap Balance > select a transfer.
  3. Fees for the sales included in that transfer are listed under Fees.

From your online Square Dashboard:

  1. Log in to Balance in your online Square Dashboard.
  2. Select a date range from the date selector tool in the upper-left corner.
  3. Select a transfer from the list for an overview of the total fees paid.
  4. To view fees associated with each transaction in your selected transfer date range, click Export directly under the date range button.

View Fees for a Period of Time

From the Square Point of Sale app or Terminal:

  1. Tap the three horizontal lines > tap Reports.
  2. Tap Sales > tap the settings icon in the upper-right corner.
  3. Tap Custom and select a date range > tap Apply.

From your online Square Dashboard:

  1. From the Sales section of your online Square Dashboard, click Reports.
  2. Click Sales Summary > select a date range from the date selector tool in the upper-left corner..
  3. Fees paid for this period of time will be displayed in the Fees row of the report.

View Fees for a Single Payment

  1. From the Sales section of your online Square Dashboard, click Transactions.
  2. Select a date range from the date selector tool in the upper-left corner.
  3. Select a transaction. The fee paid for the transaction will be listed below the transaction details.

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