If you purchased your Square Register before August 20th, 2019, your contactless payments, swiped or inserted chip cards, and swiped magstripe cards processed through Square Register have a 2.5% + 10¢ fee.
If you purchased your Square Register after August 20th, 2019, all payments processed through your Square Register will have the same fees as payments processed through all other Square Hardware. Payments that are swiped, dipped or tapped with any other Square Hardware have a 2.6% + 10¢ fee. Manually keyed-in, processed using Card on File, or processed using Virtual Terminal have a 3.5% + 15¢ fee. Invoices cost 2.9% + 30¢ or 3.5% + 15¢ if processed using Card on File.
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 have a custom processing rate on your Square Account, you will continue to process at that rate.
Custom processing rates can be considered for sellers who exceed $250,000 in annual sales and have an average ticket size of over $15. If this sounds like your business, contact our Sales team so we can help find the right transaction rate for you.
When you tap the blue Charge button on Square Register, LED lights indicate on the customer display where to tap, dip or swipe cards. The customer display is ready to take payments when the lights are illuminated.
Contactless payments describe the act of paying without touching anything. NFC (Near-Field Communications) is a technology that allows for contactless payments. Using radio frequency, NFC allows devices (e.g. smartphones) to wirelessly communicate at close range to do things like process payments. Apple Pay and Google Pay are both forms of NFC and types of contactless payments.
When you are ready to take a card payment, tap the blue Charge button on Register. The contactless logo on the customer display will light up after tapping Charge. Ask your customer to hold a contactless device or card near the contactless logo to trigger a contactless payment.
Yes, they’re just as secure as accepting chip cards. In some cases because of additional verification methods (like Touch ID with Apple Pay), contactless payments can be even more secure. Learn more in Square’s comprehensive guide to Apple Pay.
Chip and PIN card payments require additional security steps to transfer and verify chip data. It can take around 3-5 seconds to complete a chip card transaction when it’s inserted into the customer display’s EMV card slot.
Yes. If your business is using Square Loyalty and your customer is enrolled in your Loyalty program, they can redeem any earned rewards during checkout. Once your customer dips, taps, or swipes their payment card, any rewards that can be redeemed will be shown to the customer on the buyer-facing display. As soon as rewards are chosen and redeemed by the customer, you can continue through the checkout process as normal.
Note: The customer must be paying with the payment card that is linked to their Loyalty profile in order for available rewards to automatically appear on the buyer-facing display. Read more about linked payment cards and how customers can redeem their rewards.