An Update to Square Pricing

An Update to Square Pricing
We're changing the rate for tapped, dipped, and swiped transactions from 2.75% to 2.6% + 10¢.
by Square Sep 24, 2019 — 1 min read
An Update to Square Pricing

Beginning November 1, 2019, we are changing the U.S. rate for tapped, dipped, and swiped transactions from 2.75% to 2.6% + 10¢. We are making this change to better align our rates with industry-wide transaction costs. Like all payment service providers, for every payment Square processes, Square has to pay a set of fees that are both a percentage of the transaction and a flat fee. Our card-not-present (keyed-in) transaction pricing has always reflected this structure, and now our tapped, dipped, and swiped rate will as well.

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We know a pricing change can feel complicated so we want to make sure you have enough time and information to understand this change.

Screen Shot 2019-09-26 at 9.41.02 PM
There are no other changes to your payments. You’ll still enjoy:

For current sellers, this change will go into effect on November 1, 2019, and if you are new to Square, this change will go into effect on September 24, 2019. We are more committed than ever to delivering accessible, easy-to-use tools that help businesses of all sizes start, run, and grow. As always, thank you for selling with Square.

Square
The Bottom Line is brought to you by a global team of collaborators who believe that anyone should be able to participate and thrive in the economy.

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