Invoices cost 2.9% + 30¢ for Invoices Plus users, and 3.3% + 30¢ for Free users.
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.
If you’ve referred, or have been referred by another business to use Square, you’ll see fee reimbursements reflected in your transfer summaries and in the Transactions tab on your online Square Dashboard or from the POS app.
You can choose to receive your funds through one of our three transfer options. By default, your sales are transferred within 1-2 business days using our next business day transfer schedule. If you need access to your funds faster, you can use instant transfers or same-day transfer to immediately send your funds to your bank account.
With Square Card, you can take a payment and the money you earn is reflected in your balance. You can spend that money with your Square Card anywhere that Mastercard debit cards are accepted.
Send your customer a receipt via email or SMS when you process their payment, or later on from the Square app and the online Square Dashboard. If the option to send a receipt isn’t given after a transaction, that means your customer is already subscribed to Automatic Receipts from Square sellers.
Yes. Refunds processed through Square on a mobile device must be requested and completed within 120 days of the original transaction. Payments refunded via your online Square Dashboard can be refunded within one year of the original transaction date. Once this window has passed, you must issue refunds outside of Square.
Yes. If your internet connection becomes interrupted or temporarily unavailable, enable Offline Mode to accept card payments. The Square app securely stores the credit card details for 24 hours until the device is reconnected to a Wi-Fi network.
Note: You cannot accept offline payments when processing with Virtual Terminal.
Incomplete payments may temporarily appear on your customer’s credit card statement, but they’re not actual charges and should fall off your customer’s statement in a few days. It‘s the card-issuing bank’s responsibility to release funds from pending charges. This process can take anywhere from 2-7 business days depending on the card-issuing bank’s processing speeds.