Understanding Square payments fees.
Know what you’ll pay from the start with transparent pricing. When a customer spends money with your business, Square only keeps a fraction of the fees, and most of that goes right back into your business.
2.6% + 10 cents
When a customer taps, dips, or swipes their card in person, you pay 2.6% + 10 cents per transaction. There is a lower risk of fraudulent activity when the cardholder is present.
3.5% + 15 cents
2.9% + 30 cents
When you manually key in your customer’s card details or use a card on file, the fee is 3.5% + 15 cents.
When a customer makes a purchase through your Square Online Store, Square Online Checkout, eCommerce API, or pays an invoice online, the fee is 2.9% + 30 cents for cards or 1% with a minimum $1 per transaction for ACH bank transfers (via Invoices only).
Keep more of what you make with Square.
On average, 97.05%* of your sales stay in your pocket.
What you keep Competitors’ fees Square fee Competitors You keep 97.05%* Square Here’s a breakdown of where the 2.95%* fee goes when you sell with Square: 63% Interchange fees When Square processes a transaction on your behalf, Square is required to give a percentage of the funds collected to your customer’s card issuer. Assessment fee Square is required to give a percentage of the amount collected from your customer to associations — like Mastercard or Visa — as dues and assessments. 3% Risk and PCI compliance Square products are made with end-to-end encryption and support your PCI compliance so you don’t have to pay extra for your data security. 34% Square services *These percentages reflect a blend of our card-present and card-not-present rates and are meant to be illustrative.
Get more services without the extra fees.
PCI compliant hardware
Active fraud prevention
End-to-end encrypted payments
Connected POS and processing
Live phone support
We advocate on your behalf. Merchants in the U.S. pay over $100 billion every year in interchange fees for electronic payments — a growth of 72% from 2009 to 2018. A large portion of these fees go toward paying cash back and other rewards programs for card members. At Square, we have an entire team that works on sellers’ behalf to negotiate with banks and card networks to keep rates as low as possible for our sellers.
Hear what other business owners have to say about how industry costs and interchange fees work.
Free Square tools and features.
With Square, you benefit from many resources designed to help you run your business — at no additional cost.
POS and online solutions
Download the free Square POS app or launch an online store so you can sell right away without any up-front investment.
Get free dispute management services for chargebacks. We cover the fee for every dispute that we fight on your behalf.
Fraud can happen in both low-risk transactions and higher-risk transactions such as card-not-present purchases. Rest assured we’re working around the clock to evaluate the legitimacy of your buyers to protect your business.
Advanced reporting tools
Access important data and powerful tools straight from your Square Dashboard so you can easily keep track of your sales and make important decisions about your business.
Keep your customers’ information organized and secure. Use it to send emails, make appointments, or send invoices.
In-house phone support is available from 6 a.m. to 6 p.m. PT, or you can email them anytime, 24/7. Connect with and learn from other sellers in our Seller Community.
Change item details like price, name, or quantity in real time. Upload groups of items faster, track stock quantities, and get email alerts when items run low.
Track team hours, breaks, and sales by employee. Free timecards that sync seamlessly to Square Point of Sale make payroll simple.
Custom pricing just for your business.
If you’re processing more than $250,000 every year, you might be able to have a custom pricing package designed for your business. Custom pricing will vary depending on your processing volume, average ticket size, your history as a Square seller, and other factors.