Learn About Square's Fees
Square’s Payment Processing Fees
With the Square Point of Sale app, you’ll pay the following per-transaction fees:
1.75% for each contactless, chip and PIN or swiped card-present transaction.
2.5% for payments manually keyed-in to the Point of Sale app, recurring payments facilitated via Online Checkout links, Square Invoices and Virtual Terminal.
1.4% + 25p for UK cards and 2.5% + 25p for non-UK cards for our online payment products, including Square eCommerce API, Square Online, Online Checkout, Subscription Payments and purchases of Digital Gift Cards.
Over £200K in annual revenue? Contact Sales
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 and American Express are all charged at the same rate.
Square’s Fees by Payment Type
Here are the payment types you can accept with Square and the associated fees:
| Payment Type | Price |
|---|---|
| Inserted Chip Cards | 1.75% per payment |
| Contactless Cards and Devices | 1.75% per payment |
| Swiped Magnetic Stripe Cards | 1.75% per payment |
| POS App Manually Keyed-In Cards | 2.5% per payment |
| POS App Card on File Transactions | 2.5% per payment |
| Invoices | 2.5% per payment |
| Invoices Card of File Transactions | 2.5% per payment |
| Virtual Terminal | 2.5% per payment |
| Virtual Terminal Card on File Transactions | 2.5% per payment |
| Online Checkout Link Recurring Payments | 2.5% per payment |
| Square Online | 1.4% + 25p for UK cards and 2.5% + 25p for non-UK cards per payment |
| Square eCommerce API | 1.4% + 25p for UK cards and 2.5% + 25p for non-UK cards per payment |
| Square Online Checkout Links | 1.4% + 25p for UK cards and 2.5% + 25p for non-UK cards per payment |
| Subscription Payments | 1.4% + 25p for UK cards and 2.5% + 25p for non-UK cards per payment |
| Digital Gift Cards | 1.4% + 25p for UK cards and 2.5% + 25p for non-UK cards per payment |
| Recorded Cash, Cheques and Other Tender | Free |
Note: 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.
Click here to learn more about how processing fees work.
Clearpay Fees
Square sellers using Clearpay get paid the full amount at the time of purchase, minus a processing fee on the total order. Enabling Clearpay 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 installments or if your customer makes a late payment.
Clearpay processing fees are 6% + £0.30 across Square Online and in-person payments.
Note: Clearpay rates are fixed and do not vary by subscription type, hardware or custom pricing.
No Hidden Fees
Square uses a simple per-transaction pricing structure, with no hidden fees. There are no fees for:
Account activation
Early termination
Interchange fees
Chargeback fees
Cash payments
Refunds
Account inactivity
Card fees are included in Square’s fees, so you will not incur any charges from the card networks. Learn more about the way our fees are broken down.
Note: Payment processing fees are taken out of the total amount of each transaction, including any VAT you may apply on the sale and tip.
View Your Fees
View your current 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
From the Square Point of Sale app:
Tap More > tap Balance.
Tap Transfer Reports > select a transfer.
Fees for the sales included in that transfer are listed under Fees.
From your online Square Dashboard:
Log in to Balance in your online Square Dashboard.
Select a date range from the date selector tool in the upper-left corner.
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
From the Square Point of Sale app:
Tap More > tap Reports.
Tap Sales > tap the settings icon in the upper-right corner.
Tap Custom and select a date range > tap Apply.
From your online Square Dashboard:
From the Sales section of your online Square Dashboard, click Reports.
Click Sales Summary > select a date range from the date selector tool in the upper-left corner.
Fees paid for this period of time will be displayed in the Fees row of the report.
View Fees for a Single Payment
From the Sales section of your online Square Dashboard, click Transactions.
Select a date range from the date selector tool in the upper-left corner.
Select a transaction. The fee paid for the transaction will be listed below the transaction details.
Visit Fee Invoices to view and download a monthly summary of fees paid.
Fees FAQ
Check out the answers to our most Frequently Asked Questions.