thread Re: Transaction Fees on Only Credit Card Transactions in Archived Discussions (Read Only)

Transaction Fees on Only Credit Card Transactions

VillagePool — Tue, 30 Jun 2020 19:50:05 GMT

I would like to set up our system to have items without the transaction fee, but apply a transaction fee for credit card payments. The way we currently have our system set up, all transactions would have the fee on them. We do not want people paying cash to have the transaction fee. Is this possible?

Re: Transaction Fees on Only Credit Card Transactions

nika — Tue, 30 Jun 2020 21:08:05 GMT

Hey @VillagePool- Are you talking about surcharges when you use the term "transaction fees"?

Re: Transaction Fees on Only Credit Card Transactions

VOF1 — Wed, 01 Jul 2020 12:08:17 GMT

Thank you for contacting us. The extra fee is to cover the cost we are charged by square for the transaction.

Re: Transaction Fees on Only Credit Card Transactions

JustinC — Wed, 01 Jul 2020 13:54:42 GMT

Hope you don't mind if I step in @VOF1

Unlike card payments, cash payments are not subjected to transaction fees. Square only records those transactions without processing any funds.

For card payments, the fee is taken off the top (after tip and taxes are collected and discounts applied if any). Learn more on how Square's fees work here.