Learn About Square's Fees
Our best-in-class point-of-sale software is completely free. Square’s processing fees are deducted before funds are transferred to your linked bank account. Learn more about Square processing fees. and how processing fees work.
Here are the payment types you can accept with Square and the associated fees:
Square’s Payment Processing Fees
1.6% for each transaction when you connect Square Terminal with Virtual Terminal.
2.2% for each manually entered payment through the Square Point of Sale app.
2.2% for each payment through the Square eCommerce API.
2.2% for each Virtual Terminal payment.
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.
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.
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.
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.