Learn about Square’s fees
Square Payments
Whether you’re selling in person, online or on the go, Square can help you process nearly any kind of payment, any way you want.
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.
Learn how how processing fees work.
Square’s Payment Processing Fees
With the Square app, you’ll pay the following per-transaction fees:
| Payment type | Processing fee |
|---|---|
| Contactless, chip and PIN or swiped card-present transaction on Square Terminal or Square Register | 1.6% |
| Tap to Pay on Android | 1.6% |
| Connect Square Terminal with Square Point of Sale or connect Square Terminal with Virtual Terminal. | 1.6% |
| Contactless, chip and PIN or swiped card-present transaction on Square Reader or Square Stand | 1.9% |
| Manually entered payment to the Square app, Card on File, recurring payments facilitated via Square Invoices and Virtual Terminal. | 2.2% |
| Online payment products, including Square Online, Square eCommerce API, Square Online Checkout links and Subscription Payments, and purchases of Square Gift Cards | 2.2% |
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 instalments or if your customer makes a late payment.
| Product | Afterpay Pricing |
|---|---|
| In-person (Including Square POS, Retail POS, Restaurants POS, and Appointments POS) | 6% + 30¢ (excl. GST) |
| Square Invoices | 6% + 30¢ (excl. GST) |
| Virtual Terminal (card not present) | 6% + 30¢ (excl. GST) |
| Connected Square Terminal to Virtual Terminal (card present) | 6% + 30¢ (excl. GST) |
| Square Online | 6% + 30¢ (excl. GST) |
| Square Online Checkout | 6% + 30¢ (excl. GST) |
Note: Afterpay rates are fixed and do not vary by subscription type, hardware, or custom pricing.
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.
Accepted Payments
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, JCB, 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 is 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:
Activation
Downloading the Square Point of Sale app
Chargebacks and Dispute management — no dispute fees (generally $15-$25 per dispute)
Square Support
Advanced reporting tools
Account inactivity
PCI compliance PCI compliance coverage
Account takeover protection
End-to-end encrypted payments
Active fraud prevention
Next day transfers
Early termination
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
You can view monthly GST invoices and processing rates at any time from your online Square Dashboard:
Go to Account & Settings > Business information > Tax forms.
Click on the reporting location and month, then click Download to download a PDF.
Note: Processing fees are charged per transaction and deducted before each transfer. Fees cannot be charged on a monthly basis.
View Fees Paid Per Transfer
- Tap ≡ More > Balance.
- Tap View all activity > select a transfer. Note: Fees for the sales included in that transfer are listed under Estimated Fees.
- Go to Balance > View all transfers.
- Select a date range from the date selector tool.
- Select a transfer from the list for an overview of the total fees paid.
- 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
- Tap the three horizontal lines > tap Reports.
- Tap Sales > select a predefined date range or tap the date to set a custom range.
- Tap Done.
- Scroll to the “Fees” line of the sales summary report.
- Go to Reports.
- Click Sales Summary > select a date range from the date selector tool.
- Fees paid for this period of time will be displayed in the Fees row of the report.
View Fees for a Single Payment
- Go to Transactions.
- Select a date range and apply any desired filters.
- Select a transaction. The fee paid for the transaction will be listed below the transaction details.
Free Processing Credit and Reimbursement
When you invite businesses to join Square, you both benefit from reimbursed card processing fees. For each business that activates its account through your unique referral link, you’ll receive reimbursements on processing fees of up to $1,000 in sales over the next 180 days (six months). Upon activation, the referred and eligible business will also receive free processing fees on up to $1,000 in sales over the next 180 days (six months).
Learn more about inviting eligible businesses and tracking fee reimbursements with Square’s free processing program.
Fees FAQ
Check out the answers to our most frequently asked questions.