Square Terminal Payments FAQ
What are my fees?
Contactless, swiped or inserted chip and pin credit cards and swiped magstripe credit card payments processed through the Square Terminal have a 1.75% fee.
If you have a custom processing rate on your Square Account that is lower than 1.75% 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 card payments.
There are no monthly or hidden fees for credit card processing. All fees are deducted before funds are transferred to your linked bank account.
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.