thread Processing Fee Rates? in Archived Discussions (Read Only)

Processing Fee Rates?

SerraNEHouston — Mon, 06 Feb 2023 14:06:13 GMT

The title of this thread has been edited by a Square Moderator from the original: "SerraNEHouston"

I have a credit card reader and have successfully executed a few transactions on it for our club. The fee for the reader was 2.6% plus $0.10. If I email and online link is the fee 2.6% plus $0.1 or is it a different fee that I see on the website of 3.6% + $0.1?

Re: SerraNEHouston

lawnbrook — Mon, 06 Feb 2023 13:02:34 GMT

Hi there @SerraNEHouston ,

If I understand correctly you are referring to a checkout link.

Based on the fee structure outlined here:

https://squareup.com/help/us/en/article/5068-what-are-square-s-fees

That would be:

2.9% + 30c

Can you perhaps clarify what you mean by 'email an online link'

Regards,

Bruce

Re: SerraNEHouston

SerraNEHouston — Mon, 06 Feb 2023 13:46:04 GMT

Thanks @lawnbrook.....It's the online checkout of a credit card chip reader device. in reading your link, that looks like 3.5% + 15cents.

Re: SerraNEHouston

Candlestore — Mon, 06 Feb 2023 13:59:05 GMT

@SerraNEHouston ;

Here is a link to Squares Fees:

/payments/our-fees

In Simple Terms

If the CC processed is at your Store that you can Tap, Dip or Slide it you get the lowest rates of the 2.6% + .1

If someone calls to place an order or you need to type in the card numbers then you are charged the 3.5% = .15

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

If you Email a link, I believe this would come under the 2.9% plus .30, but normally I am at the 2.6% and 3.5% type transactions, because I usually do in person and Phone orders.