The Square standard processing fee is 2.6% + 10¢ for contactless payments, swiped or inserted chip cards, and swiped magstripe cards. Payments that are manually keyed-in, processed using Card on File, or manually entered using Virtual Terminal have a 3.5% + 15¢ fee. Invoices cost 2.9% + 30¢ or 3.5% + 15¢ if processed using Card on File.
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.
If you purchased your Square Register before August 20, 2019, your contactless payments, swiped or inserted chip cards, and swiped magstripe cards processed through Square Register have a 2.5% + 10¢ fee.
There are no fees for recording cash, check, or gift certificate payments.
There are no monthly or hidden fees for credit 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.
Learn more about how processing fees and rates are calculated.