Square Terminal Payments FAQ
What are my fees?
Contactless payments, swiped or inserted chip cards and swiped magstripe card payments processed through the Square Terminal have a 2.6% + 10¢ fee.
Payments that are manually keyed-in, processed using Card on File, or processed using Virtual Terminal have a 3.5% + $0.15 fee. Invoices cost from 2.9% + 30¢.
If you have a custom processing rate on your Square Account, that rate will apply to all transactions on your Square Terminal.
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.