Learn About Square's Fees
Square has simple and transparent pricing. Our best-in-class point-of-sale software is completely free and you'll always Always pay one low rate per payment method, so you can keep more of what you make. Square’s processing fees are deducted before funds are transferred to your linked bank account.
Learn how Square's processing fees work.
Square’s Payment Processing Fees
With the Square Point of Sale app, you’ll pay the following per-transaction fees:
1.6% for each contactless, chip and PIN or swiped card-present transaction on Square Terminal, Square Terminal, or when you connect Square Terminal with Virtual Terminal.
1.9% for each contactless, chip and PIN or swiped card-present transaction on Square Reader or Square Stand.
2.2% for each manually keyed-in payment to the Square app, recurring payments facilitated via Square Invoices Plus and Virtual Terminal. This also includes our online payment products, including , Square eCommerce API, Square Online, Square Online Checkout links, and purchases of Square Gift Cards.
Custom Rates on Processing Fees
If your annual sales exceed $250,000 and you have an average ticket size of over $15, our Sales Team can help find the right transaction rate and Square offerings for you. Contact Sales to learn more.
There are no minimum monthly transaction requirements, and fees are only charged when card payments are processed.
The transaction rates remain the same no matter what type of card is charged—Visa, Mastercard, American Express and eftpos are all charged at the same rate.
Every accepted payment card has the same rate, and fees are taken out of the total amount of each transaction, including GST and tip.
Other Payment Methods
You can accept other tender types such as cash or cheque—there are no fees to record other payment methods. When you accept other tender types, Square doesn’t process any funds and functions only as an organisational tool. Money for these transactions are exchanged directly between you and your customer and will not be transferred by Square.
Need-to-Know Facts About Square’s Payment Processing Fees
There are no hidden fees for the following:
Downloading the Square Point of Sale app
Chargebacks and Dispute management — no dispute fees (generally $15-$25 per dispute)
Advanced reporting tools
PCI compliance PCI compliance coverage
Account takeover protection
End-to-end encrypted payments
Active fraud prevention
Credit card fees are included in Square’s fees, so there are no charges from credit card companies.
Every card brand accepted has the same rate.
Payment processing fees are taken out of the total amount of each transaction, including tax and tip.
Square’s fees apply to all business types, including not-for-profit (NFP) organisations.
Learn more about the way our fees are broken down.
View Your Fees
View your current processing rates at any time from Pricing & Subscriptions in your online Square Dashboard. Processing fees are charged per transaction and deducted before each transfer. Fees cannot be charged on a monthly basis.
Note: If you have more than one location, you must first select a location to view its rates.
You can visit Fee Invoices in your Square Dashboard to download fee invoices issued for previous months. Log in to your Dashboard > select Account & Settings > Business > Fee Invoices. Individual invoices can be downloaded in PDF form.
View Fees Paid Per Transfer
View Fees for a Period of Time
View Fees for a Single Payment
Free Processing Credit and Reimbursement
When you invite friends to join Square, you both benefit from reimbursed card processing fees. For each person who activates their account through your referral link, you’ll receive reimbursements on processing fees up to $1,000 in sales over the next 180 days (six months). Upon activation, your friends will also receive free processing fees on up to $1,000 in transactions.
Learn more about inviting friends and tracking fee reimbursements with Square’s free processing program.
Check out the answers to our most frequently asked questions.