Square Terminal Payments FAQ
Find answers to commonly asked questions about accepting payments with Square Terminal.
What are my fees?
Contactless, inserted, or swiped cards and swiped magstripe credit card payments processed through the Square Terminal have a 1.6% fee per transaction.
If you have a custom processing rate on your Square Account that is lower than 1.6% for card present payments, that rate will apply to all transactions on your Square Terminal.
There are no fees for recording cash, cheque, or gift certificate payments.
There are no monthly or hidden fees for card processing. All fees are deducted before funds are transferred to your linked bank account following your transfer schedule.
Note: Processing fees are deducted before each transfer and cannot be charged on a monthly basis. You can view your total fees on a monthly basis from your online Square Dashboard.