Square Terminal Payments FAQs
What are my fees?
Contactless or chip and PIN payment cards and swiped magnetic stripe card payments processed through the Square Terminal have a 1.75% fee plus VAT.
If you have a custom processing rate on your Square Account that is lower than 1.75% + VAT for card present payments, that rate will apply to all transactions on your Square Terminal.
There are no fees for recording cash or cheque payments. Payments made by eGift Card incur a fee of 1.4% + 25c plus VAT per transaction for EU cards and 2.9% + 25c plus VAT for UK or non-EU payment cards.
There are no monthly or hidden fees for payment 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.