SPOS Card Present Payment Subscription Amended Terms

Effective Date: 23 January 2024

These SPOS Card Present Payment Subscription Amended Terms (the ‘SPOS Card Present Payment Subscription Amended Terms’) are an agreement between you (‘you’ or ‘your’) and Squareup International Limited, a company incorporated in Ireland with company number 583287 whose registered office is at 70 Sir John Rogerson’s Quay, Dublin 2, Ireland (‘Square’, ‘we’, ‘our’ or ‘us’) to amend the standard legal terms that govern your use of the Square Point of Sale app on mobile and Square hardware (‘SPOS App’) and Square’s in-person card payments in the General Terms of Service, Payment Terms, and Fee Schedule. In the event of any inconsistency between the General Terms of Service, the Payment Terms, the Fee Schedule, and these SPOS Card Present Payment Subscription Amended Terms, these SPOS Card Present Payment Subscription Amended Terms shall prevail.

By signing up to these SPOS Card Present Payment Subscription Amended Terms, you agree to pay the relevant card present processing rates listed in Section 1 below and subscription fees listed in Section 2 below.

1. SPOS Card Present Payment Transaction Fees:

Your card present transaction (e.g., Chip and PIN or contactless) fees will be 1.35% + VAT per transaction when accepting payments in the SPOS App.

The proceeds from card present transactions, less the SPOS Card Present Payment Transaction Fees, will be deposited into your linked bank account in accordance with the Payment Terms.

2. SPOS Card Present Payment Subscription Fees:

By signing up for the above SPOS Card Present Payment Transaction Fees, you agree to pay us the monthly recurring subscription fee of €20 and any applicable taxes (‘SPOS Card Present Payment Subscription Fee’).

SPOS Card Present Payment Subscription Fees are payable on the first day of each month, and the first month fee will be prorated based on the number of days remaining in the month of sign up.

The SPOS Card Present Payment Subscription Fee may be paid by debit card, credit card or deducted from your transaction proceeds. If you link a debit or credit card to your account, you authorise us to collect SPOS Card Present Payment Subscription Fees by debit from your linked debit card or charge to your linked credit card. Regardless of payment device, Square reserves the right to collect SPOS Card Present Payment Subscription Fees, by deduction from your transaction proceeds, the Balance (as defined in the Payment Terms) in your Square Account or your linked bank account.

In the event that you fail to pay a particular monthly SPOS Card Present Payment Subscription Fee within 15 days of the monthly anniversary of your sign-up to the above SPOS Card Present Payment Transaction Fees, your card present transaction fees will be immediately changed to the standard (non-subscription related) rates listed in Square’s Fee Schedule at https://squareup.com/ie/en/legal/general/fees. Your card present transaction fees will then be 1.75% + VAT per transaction.

Square reserves the right to further change your SPOS Card Present Payment Transaction Fees and SPOS Card Present Payment Subscription Fees upon two months’ advance notice, see section 4 of the Payment Terms for further details on our Fees.

3. Pausing SPOS Card Present Payment Subscription Fees

You can temporarily pause your SPOS Card Present Payment Subscription Fees and the changes will be applied at the end of the billing period. During the time your subscription is paused your card present transaction fees will be immediately changed to the standard (non-subscription related) rates listed in Square’s Fee Schedule at https://squareup.com/ie/en/legal/general/fees. Your SPOS Card Present Payment Subscription Fees may be paused for a maximum of three (3) months after which the monthly fees will automatically resume.

4. Other Card Present Payment Subscription Fees

Your Card Present Payment Transaction Fees when using any other products offered by Square, including but not limited to Square for Retail / Retail POS, Square for Restaurants / Restaurants POS and Square Appointments / Appointments POS, will not be amended by these SPOS Card Present Payment Subscription Amended Terms and the standard rates listed in Square’s Fee Schedule at https://squareup.com/ie/en/legal/general/fees will apply.

5. Card Not Present Payments:

Card-not-present transaction fees are not impacted by these SPOS Card Present Payment Subscription Amended Terms, and therefore the standard rates listed in Square’s Fee Schedule at https://squareup.com/ie/en/legal/general/fees shall apply.

6. Other Provisions:

a) The fee pricing available under these terms is a limited-time offer only, and only new sellers in Ireland signing up to Square for the first time (i.e. no previous Square account) are eligible to sign up to these SPOS Card Present Payment Subscription Amended Terms.

b) These SPOS Card Present Payment Subscription Amended Terms apply to your use of Square Point of Sale on any Square device.

c) These SPOS Card Present Payment Subscription Amended Terms only apply to the Square Point of Sale app, and do not apply to Square’s other software products including, but not limited to, the Square for Retail app, Square for Restaurants app, and Appointments.