Afterpay and Square
Afterpay is a buy now, pay later (BNPL) payment option that allows customers to pay for their purchases in four interest-free installments. Merchants get paid in full – immediately. If you're eligible to accept Afterpay on your Square account, you can process Afterpay payments:
Give your customers more payment flexibility at checkout and see how your online and in-person sales can grow.
Afterpay customers spend 40% more per transaction and shop 50% more frequently than traditional customers.
Afterpay drives new business for merchants by sending out over 1M referrals globally every day.
There are no monthly fees or startup costs to start processing Afterpay with Square. You only pay processing fees when you make a sale. To help you start using Afterpay in-person, you will be able to test out Afterpay across select Square products at a discounted rate.
|Product||Promotional pricing||Promotion End Date|
|In-person (Including Square POS, Retail POS, Restaurants POS, and Appointments POS)||2.6% + 10¢||10 September 2022|
|Square Invoices||6% + 30¢||-|
|Virtual Terminal (card not present)||6% + 30¢||-|
|Connected Square Terminal to Virtual Terminal (card present)||2.6% + 10¢||10 September 2022|
|Square Online||6% + 30¢||-|
|Square Online Checkout||6% + 30¢||-|
After our promotions, Afterpay processing fees will be 6% + 30¢ across Square Online, In-Person and Invoices.
Note: Afterpay rates are fixed and do not vary by subscription type, hardware, or custom pricing.
Enable or Disable Afterpay
To enable or disable Afterpay for in-person transactions on Square POS app and Square Appointments app, you can enable/disable Afterpay directly from your app or online Square Dashboard.
If you're using Square for Retail POS, Square for Restaurants POS or Virtual Terminal, you will need to visit Payment Methods via a web browser to enable/disable Afterpay.
Once you've enabled Afterpay, customers can pay in-person via their Afterpay Card on Square POS, Appointments, Retail, Restaurants and Invoices app. Customers can also pay via Virtual Terminal, Square Online and Square Online Checkout.