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Learn About Square's Fees

Square’s Payment Processing Fees

We've put together a great resource to educate sellers about Our 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. If you’re pivoting your business to online commerce, check out the Square Online.

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 ✖️ ✖️

*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.

There are multiple plans for Square Online. Check out the best pricing tier to fit your online business needs.

If you are processing payments for CBD transactions as a part of the Square’sCBD Program, different fees will apply. You can view processing fees for CBD transactions in the CBD Program FAQ.

You won’t pay any fees for the following payment types:

Click here to learn more about how processing fees work.

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

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 businesses 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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