Learn about Square 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.
Learn how Square processing fees work in our Support Center or watch the YouTube video below.
Square Fees by Payment Type
Square 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¢ | 3.3% + 30¢ |
| Swiped Magstripe Cards | ✔️ | ✖️ | ✖️ | ✖️ |
| Swiped or Inserted Chip Cards | ✔️ | ✖️ | ✖️ | ✖️ |
| Contactless (NFC) Payments | ✔️ | ✖️ | ✖️ | ✖️ |
| Tap to Pay on iPhone | ✔️ | ✖️ | ✖️ | ✖️ |
| Tap to Pay on Android | ✔️ | ✖️ | ✖️ | ✖️ |
| Prepaid Gift Cards | ✔️ | ✖️ | ✖️ | ✖️ |
| Point-of-Sale API Swiped or Inserted Payments | ✔️ | ✖️ | ✖️ | ✖️ |
| Swiped Virtual Terminal Payments | ✔️ | ✖️ | ✖️ | ✖️ |
| Payment Links Through Text in Virtual Terminal | ✖️ | ✔️ | ✖️ | ✖️ |
| Card on File Transactions* | ✖️ | ✔️ | ✖️ | ✖️ |
| Manually Entered Card Payments* | ✖️ | ✔ | ✖️ | ✖️ |
| Point-of-Sale API Keyed-In Payments* | ✖️ | ✔ | ✖️ | ✖️ |
| Manually Entered Virtual Terminal Payments* | ✖️ | ✔ | ✖️ | ✖️ |
| Square eCommerce API | ✖️ | ✖️ | ✔ | ✖️ |
| eCommerce Card on File payments | ✖️ | ✖️ | ✔ | ✖️ |
| Square Payment 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
There are multiple plans for Square Online. Check out the best pricing tier to fit your online business needs.
ACH Bank Transfers are priced at 1%, with a minimum fee of $1 per transaction.
If you are processing payments for CBD transactions as a part of the Square CBD 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: Cash, Checks, and Other Tender
Learn more about how processing fees work.
Square Invoice Fees
Square Invoices processing fees are deducted before funds are transferred to your linked bank account. With Square Invoices you are able to accept payments via a number of different methods that have different processing rates. The below table outlines what fees are associated with each payment type on the total transaction amount:
| Payment Type | Invoices Free | Invoices Plus |
| Online card transaction | 3.3% + 30c | 2.9% + 30c |
| In-person (tap/dip/swipe) | 2.6% + 10c | 2.6% + 10c |
| Manually Entered card payment | 3.5% + 15c | 3.5% + 15c |
| Card on File | 3.5% + 15c | 3.5% + 15c |
| ACH transaction | 1%, minimum $1 | 1%, minimum $1 |
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.
| Product | Pricing |
|---|---|
| In-person (Including Square POS, Retail POS, Restaurants POS, and Appointments POS) | 6% + 30¢ |
| Square Invoices | 6% + 30¢ |
| Virtual Terminal (card not present) | 6% + 30¢ |
| Connected Square Terminal to Virtual Terminal (card present) | 6% + 30¢ |
| Square Online | 6% + 30¢ |
| Square Online Checkout | 6% + 30¢ |
Note: Afterpay rates are fixed and do not vary by subscription type, hardware, or custom pricing.
Gift Card Fees
With Square Gift Cards you will pay a 2.5% load fee of the total amount loaded on to the gift card whenever you load or reload a physical gift card or digital eGift card online or in store. There are no additional fees to redeem Square Gift Cards.
For digital eGift cards you will pay a credit card-not-present processing fee of 2.9% + $.30 for cards sold online through your Square eGift Card order site. If you sell your eGift cards through the Square app, you’ll pay the credit card processing rate based on our standard card processing rates.
Square does not charge load fees when you issue refunds to gift cards.
Need-to-Know Facts About Square’s Payment Processing Fees
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There are no fees for:
Activation
Downloading the Square Point of Sale app
Chargebacks and Dispute management
Square Support
Advanced reporting tools
Account inactivity
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, contact sales.
View Your Fees
You can view monthly tax invoices and processing rates at any time from your online Square Dashboard:
Go to Account & Settings > Business information > Tax forms.
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
- Tap ≡ More > Balance.
- Tap View all activity > select a transfer. Note: Fees for the sales included in that transfer are listed under Estimated Fees.
- Go to View all transfers.
- Select a date range from the date selector tool.
- Select a transfer from the list for an overview of the total fees paid.
- To view fees associated with each transaction in your selected transfer date range, click Export.
View Fees for a Period of Time
- Tap ≡ More > Reports.
- Tap Sales > select a predefined date range or tap the date to set a custom range.
- Tap Done.
- Scroll to the “Fees” line of the sales summary report.
- From the main menu, go to Reports.
- Click Sales Summary > select a date range from the date selector tool.
- Fees paid for this period of time will be displayed in the Payments row of the report.
View Fees for a Single Payment
- Go to Reporting > Transactions.
- Select a date range and apply any desired filters.
- Select a transaction. The fee paid for the transaction will be displayed in the Fees column.
View Fees reports
You can easily download a PDF file of various fees (such as card processing fees, instant transfer fees, and application fees), taxes on fees, and the cost of taking payments with Square. To download your fees report:
- Log in to your online Square Dashboard and click Reporting > Reports.
- Click Fees.
- Select a month and the desired columns.
- Click the Print button to print or Save as a PDF file.
To learn more about the Square reporting terms, visit our Support Center.
Free Processing Credit or Discounted Hardware
When you invite businesses to join Square, you can both benefit from Square referral program. For each business that activates their account through your unique referral link, you can choose to receive reimbursements on processing fees up to $1,000 in sales over the next 180 days (six months) or $20 off the purchase of a Square Reader for contactless and chip from Square Shop. Upon activation, your friends can also receive free processing fees on up to $1,000 in transactions or a discounted hardware purchase.
Learn more about inviting eligible businesses and tracking fee reimbursements with Square’s Referral program.