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Learn About Square's Fees

Square has simple and transparent pricing. Our best-in-class point-of-sale software is completely free and you'll always pay one low rate per card payment, so you can keep more of what you make. Square’s processing fees are deducted before funds are transferred to your linked bank account.

We've put together a great resource to educate sellers about Our Fees.

Learn how Square's processing fees work via our Support Center or watch the YouTube video below:

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 on the total transaction amount:

Payment Type 2.6% + 10¢ 3.5% + 15¢ 2.9% + 30¢
Swiped Magstripe Cards ✔️ ✖️ ✖️
Swiped or Inserted Chip Cards ✔️ ✖️ ✖️
Contactless (NFC) Payments ✔️ ✖️ ✖️
Prepaid Gift Cards ✔️ ✖️ ✖️
Point-of-Sale API Swiped or Inserted Payments ✔️ ✖️ ✖️
Swiped Virtual Terminal Payments ✔️ ✖️ ✖️
Card on File Transactions* ✖️ ✔️ ✖️
Manually Entered Card Payments* ✖️ ✖️
Point-of-Sale API Keyed-In Payments* ✖️ ✖️
Manually Entered Virtual Terminal Payments* ✖️ ✖️
Invoices ✖️ ✖️
Square eCommerce API ✖️ ✖️
eCommerce Card on File payments ✖️ ✖️
Square Checkout Links ✖️ ✖️
Subscription Payments ✖️ ✖️
Cash App Pay (Card-Present Transactions) ✖️ ✖️
Cash App Pay (Card-Non-Present Transactions) ✖️ ✖️

*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 needs to be present for the payment to occur.

Important to Note

Click here to learn more about how processing fees work.

Afterpay Fees

Square sellers using Afterpay get paid the full amount at the time of purchase, minus a processing fee on the total order. Enabling Afterpay 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.

Afterpay In-Person

To help you start using Afterpay in-store with your Square hardware, from now through 10 Sept 2022, you’ll pay 2.6% + 10¢ for each Afterpay in-person transaction. There are no additional setup costs or monthly fees. From 11 Sept 2022, you’ll pay 6% + 30¢ per Afterpay in-person.

Learn more about accepting Afterpay payments in-person.

Afterpay and Square Online

You can process payments with Afterpay on your Square Online website. From May 11, 2022, the processing fee for Afterpay online is 6% + 30¢ per transaction.

Learn more about accepting Afterpay payments with Square Online.

Note: Afterpay rates are fixed and do not vary by subscription type, hardware, or custom pricing.

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.

  • Learn more about the way our fees are broken down.

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

You can view monthly tax invoices and processing rates at any time from your online Square Dashboard:

  1. Go to Account & Settings > Business > Tax Invoices.

  2. 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 your Square POS app

  1. Tap ≡ More > Balance.
  2. Tap View all activity > select a transfer. Note: Fees for the sales included in that transfer are listed under Estimated Fees.

From your online Square Dashboard

  1. Go to Balance > View all transfers.
  2. Select a date range from the date selector tool.
  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

From your 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. Go to Reports.
  2. Click Sales Summary > select a date range from the date selector tool.
  3. Fees paid for this period of time will be displayed in the Fees row of the report.

View Fees for a Single Payment

From your online Square Dashboard

  1. Go to Transactions.
  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 businesses to join Square, you both benefit from reimbursed card processing fees. For each business that activates their account through your unique referral link, you’ll receive reimbursements on processing fees up to $1,000 in sales over the next 180 days (six months). Upon activation, the referred and eligible business will also receive free processing fees on up to $1,000 in sales over the next 180 days (six months).

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

Fees FAQ

Check out the answers to our most frequently asked questions.

Learn more about: Payment Processing

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