Learn About Square's Fees
Square’s Payment Processing Fees
Square’s processing fees are 2.65% per card present transaction, 2.9% + 30 cents per paid Square Invoice and Square Online sale, 3.4% + 15 cents per manually entered transaction and INTERAC debit cards are processed at 0.75% + $0.07 per tap or insert. 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.
Learn more about how processing fees work.
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 card-present payment types for credit or prepaid:
Your fee will be 0.75% + $0.07 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:
Downloading the Square Point of Sale app
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.
Learn more about the way our fees are broken down.
Note: Do your annual sales exceed $250,000 in credit card transactions? Get in touch with our sales team. We can help find the right transaction rate for you. Contact Sales.