Square’s Payment Processing Fees

Square’s processing fees are 2.65% per swipe, 2.9% + 30 cents per paid Square Invoice and Online Store sale, 3.4% + 15 cents per manually entered transaction and $0.10 for Interac Debit Tap sales. That’s it. These fees apply to all business types, including non-profit organizations.

If you’re using Square Point of Sale to process payments, the app is free to download and your account is free to maintain.

Square’s Fees by Payment Type

Here are the payment types you can accept with Square and the associated fees:

Your fee will be 2.65% of the total transaction amount for any of the following payment types:

Your fee will be $0.10 per transaction for the following payment type:

Your fee will be 3.4% + 15¢ of the total transaction amount for any of the following payment types:

Your fee will be 2.9% + 30¢ of the total transaction amount for any of the following payment types:

You won’t pay any fees for the following payment type:

The higher fee for manually entered transactions is due to a greater risk involved with these payments, as neither the payment card nor the buyer have to be present for the payment to occur.

Need-to-Know Facts About Square’s Payment Processing Fees

  • No hidden fees! There are no fees for:

    • Activation
    • Downloading the Square Point of Sale app
    • Early termination
    • Interchange
    • Chargebacks
    • Refunds
    • Account inactivity
  • Credit card fees are included in Square’s fees, so there are no charges from credit card companies.
  • Every credit card brand accepted has the same rate; debit is charged at a different 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 non-profit organizations.

Note: Do your annual sales exceed $250,000? Get in touch with our sales team. We can help find the right transaction rate for you. Contact Sales.

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 Deposit

From the Square Point of Sale app:

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

From your online Square Dashboard:

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

View Fees for a Period of Time

From the Square Point of Sale app:

  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.