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Learn About Square's Fees

Square’s Payment Processing Fees

Note: If you’re unable to download the Square app after updating your device’s operating system, your device may not be supported. Learn more about devices supported with Square.

Square’s Fees by Payment Type

Square’s processing fees are deducted before funds are transferred to your linked bank account. Here are the payment types you can accept with Square and the associated fees:

Your fee will be 2.6% + 10¢ of the total transaction amount for any of the following payment types:

Effective September 24, 2019, the processing rate for tapped, dipped, and swiped payments accepted in the Square Point of Sale app is 2.6% + 10¢. If you activated your account with Square before this date, this new rate for card-present payments will go into effect November 1, 2019. Learn more about the update to Square’s fees.

If you purchased your Square Register before August 20th, 2019, your contactless payments, swiped or inserted chip cards, and swiped magstripe cards processed through Square Register have a 2.5% + 10¢ fee.

Your fee will be 3.5% + 15¢ of the total transaction amount for any of the following payment types:

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

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 types:

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
    • Chargebacks and Dispute management
    • Square Support
    • Refunds
    • Advanced reporting tools
    • Account inactivity
    • PCI compliance PCI compliance coverage
    • Account takeover protection
    • End-to-end encrypted payments
    • Active fraud prevention
    • Next-business-day transfers
    • Free Square Reader for magstripe
    • Early termination
  • Credit card fees are included in Square’s fees, so there are no charges from credit card companies.
  • Every card brand accepted has the same 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.

Custom Rates on Processing Fees

If your annual sales exceed $250,000 and have an average ticket size of over $15, 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 Pricing & Subscriptions in 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 Transfer

From the Square Point of Sale app:

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

From your online Square Dashboard:

  1. Visit Balance > Transfer Reports in your online Square Dashboard.
  2. Select a date range from the date selector tool in the upper-left corner.
  3. Select a transfer from the list for an overview of the total fees paid.
  4. 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

View fees paid for card payments.

From the Square Point of Sale app:

  1. Tap the three horizontal lines > tap Reports.
  2. Tap Sales > select a predefined date range or tap the date to set a custom range.
  3. Tap Done.
  4. Scroll to the Fees line of the sales summary report.

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. Visit Transactions in your online Square Dashboard.
  2. Select a date range and apply any desired filters.
  3. Select a transaction. The fee paid for the transaction will be listed below the transaction details.

Free Processing Credit and Reimbursement

When you invite friends to join Square, you both benefit from reimbursed card processing fees. For each person who activates their account through your referral link, you’ll receive reimbursements on processing fees up to $1,000 in sales over the next 180 days (6 months). Upon activation, your friends will also receive free processing fees on up to $1,000 in transactions.

Learn more about inviting friends and tracking fee reimbursements with Square’s free processing program.

Learn more about: Payment Processing

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