There are multiple types of card-not-present payments. Square pays more for these transactions and the fee increase goes directly to the card issuing bank to help mitigate the risk of fraud and protect your business.
When a customer makes a purchase through your Square Online Store, Square Online Checkout, eCommerce API, the fee is 1.4% + 25c + VAT for EU & EEA cards or 2.9% + 25c + VAT for UK/non-EEA cards.*
When you manually key in your customer’s card details on your Square POS app, the fee is 2% + VAT. If you use a card on file or take payments via Virtual Terminal or Invoices, the fee is 2.5% + VAT.
*1.4% + 15c + VAT for EU & EEA cards or 2.9% + 15c + VAT for UK/non-EEA cards for Premium plans with a monthly fee of €60+VAT.