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Square Fee Calculator

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As a merchant, business owner, or freelancer using Square to accept payments, accurately calculating your profit means mastering their fee structure. Our interactive Square Fee Calculator instantly shows you how much you'll take home from any transaction—just enter the sale amount to see the exact deduction.

To help you understand the numbers behind the calculator, we've broken down every Square processing fee below.

Square Processing Fees at a Glance

Square's fees vary depending on how a payment is processed. The table below outlines the standard rates our Square Fee Calculator uses to determine your net payout.

Transaction Type Processing Fee Common Uses
In-Person Payments 2.6% + $0.10 Tap, dip (chip), or swipe payments
Square Reader, Stand, Terminal, & Register
Mobile payments (Apple Pay, Google Pay)
Online Payments 2.9% + $0.30 Square Online store checkout
eCommerce API integrations
Payments from Square Checkout Links
Manual Card Entry
(Card-Not-Present)		 3.5% + $0.15 Manually typing card details into the POS app
Processing payments in the Square Virtual Terminal
Charging a saved Card on File
Square Invoices (Free Plan) 3.3% + $0.30 Card payments made on invoices sent from the free plan
Square Invoices Plus
(Paid Subscription)		 2.9% + $0.30 (Card)
1% (ACH Bank Transfer, $1 min)		 Card and bank transfer payments for subscribers to the Invoices Plus plan

Fees for Other Payment Methods

Afterpay (Buy Now, Pay Later)

For both in-person and online transactions where you offer Afterpay, the processing fee is 6% + $0.30 per transaction.

Cash App Pay

The fee for Cash App Pay is not a flat rate. It matches the fee for the underlying transaction type:

  • In-Person: 2.6% + $0.10
  • Online: 2.9% + $0.30

Important Notes

Square has no monthly fees, setup fees, or PCI compliance fees for its standard services. However, be aware of other potential costs:

  • Chargeback Fees: If a customer disputes a charge, a fee may apply.
  • Instant & Same-Day Transfers: Fees apply if you choose to transfer your funds faster than the standard schedule.

Ready to see these fees in action? Scroll back up and use our simple Square Fee Calculator to run your own numbers and get a clear picture of your earnings on every sale.

FAQ (Frequently Asked Question) 

What are Square fees?

Square fees are the charges incurred by merchants for using Square's payment processing services. These fees typically include transaction fees, hardware costs (if applicable), and any additional services opted for by the merchant.

How much does Square charge per transaction?

Transaction fees with Square can vary based on the type of transaction. For in-person payments using a Square reader, the fee is typically a flat rate, which is approximately 2.6% + 10¢ per transaction. For online payments or invoices, the fee might be slightly different, often around 2.9% + 30¢ per transaction.

These rates are subject to variation based on factors such as the type of card used (debit, credit, or international) and any special promotions or discounts offered by Square.

Does Square charge a monthly fee?

Square doesn't typically charge a monthly fee for its basic payment processing services. However, there may be monthly fees associated with additional features or services, such as Square for Restaurants or Square for Retail.

How do I calculate Square fees?

Square fees are simple to calculate! Use this formula: Square Fee = (Amount Paid * Percentage Fee) + Fixed Fee. The percentage fee depends on the transaction type (in-person, online, etc.), and there's a small-fixed fee per transaction.  For example, a $50 in-person chip card payment would have a fee of around $1.40.

How do I pay Square fees?

Square fees are automatically deducted from your deposited funds after each transaction. You don't need to take any manual action to pay them.

How much does Square cost?

Square's fees vary depending on the type of transaction, as explained above. They also offer other payment processing services with different fee structures. It's recommended to visit Square's website for a comprehensive breakdown of their fees, https://squareup.com/us/en/pricing

What are the main differences between PayPal and Square fees?

PayPal and Square both charge fees for processing payments, but their fee structures vary. PayPal typically charges a percentage of the transaction amount plus a fixed fee, while Square often charges a flat percentage rate for transactions. Additionally, PayPal may have different fee tiers based on transaction volume and account type.