thread Re: What are Square's Processing Fees? in Archived Discussions (Read Only)

What are Square's Processing Fees?

willie1234 — Mon, 08 Jul 2019 22:50:36 GMT

What is the difference between Square's fees? Is the fee different between swipe and key in?

Re: Square Fees

GlassJudy — Fri, 15 Mar 2019 16:41:25 GMT

Here's a link to the page which will explain Square's fee structure. Square charges the fee for every charged transaction - swiped, dipped, tapped or manually entered. The fee depends on which version of Square you're using, with the manually entered method being the most expensive due to the higher risk for those transactions.

Fees

Skinzlady — Sun, 17 Nov 2019 21:56:39 GMT

Im new to Square so i ran a sale through for $1.00 and was charged .13. Why so much?

Re: Fees

pessosices — Mon, 18 Nov 2019 13:14:03 GMT

Square’s fees are 2.6% + $0.10 per transaction.

$1 x 0.026 = rounded up to $0.03

$0.03 + $0.10 = $0.13

Transaction fee

Saibikhan — Mon, 09 Dec 2019 18:51:48 GMT

This reply was created from merging an existing thread: Transaction fees

What are Square's transaction fees?

Re: Transaction fee

Helen — Mon, 09 Dec 2019 18:51:05 GMT

Hello @Saibikhan! This post has more information about Square's transaction fees!

How much is square charging for every transaction?

Nailbooth — Tue, 14 Jan 2020 03:46:41 GMT

how much is square charging for every transaction in California?

What is the processing rate for Square Online Checkout transactions?

BTNW — Fri, 27 Mar 2020 21:02:03 GMT

What is the processing rate for Square Online Checkout transactions?

Re: What is the processing rate for Square Online Checkout transactions?

cafecircuit — Fri, 27 Mar 2020 21:15:10 GMT

For us it's been 2.6% + .30. So for a $7 transaction, it's .48 cents. Over 7%. It's absolutely killing us we're going to have to do something.

Re: What are the processing fees for Square Online Checkout transactions?

JustinC — Sun, 29 Mar 2020 16:59:40 GMT

Hey @2BTNW -

Processing fees for online sales are 2.9% + 30c. Check out this thread - the best answer links you to the break down of Square's fees

What are Square's fees?

CelySpaStudio — Fri, 15 May 2020 21:04:51 GMT

This reply was created from merging an existing thread: what is the charge per transaction ? is it different % like swipe & invoice, and manual?

My question is what is the charge % for each these transactions? and virtual transactions as well? what will it cost me for each?

Re: what is the charge per transaction ? is it different % like swipe & invoice, and manual?

jjgard — Thu, 14 May 2020 18:47:16 GMT

If you go into your account settings, you can see a master list of what the various charges are depending on how the payment is accepted.

Go into Account & Settings

Click Business

Click Pricing and Subscriptions

There's a drop down menu to pick your location (It defaults to Master Account, but you can select your location.)

What are Square's processing fees?

Passion — Sun, 07 Jun 2020 21:13:40 GMT

[The title of this thread has been edited from the original: Accepted payment for the first time and was charged a processing fee, why is that?]

Please advise

Re: Accepted payment for the first time and was charged a processing fee, why is that?

jjgard — Sun, 07 Jun 2020 14:45:59 GMT

Everyone is charged a processing fee for credit card transactions. That's how payment processors work.

Re: What are Square's processing fees?

Alex_ — Sun, 07 Jun 2020 21:15:54 GMT

Hi @Passion,

Square charges a percentage fee per transaction, depending on the method you use to process the credit/debit card. Square also does not have any monthly/hidden fees to use our system or create an account.

Feel free to check out this link for a quick breakdown, and let me know if you have any other questions.

When a payment is enter manually what is the fee, is a porcentage or an standard fee?

Gabe3 — Thu, 09 Jul 2020 15:07:23 GMT

When a payment is enter manually, is the fee all the same or a porcentage? How much?

Re: When a payment is enter manually what is the fee, is a porcentage or an standard fee?

Kassi_ — Fri, 10 Jul 2020 16:23:13 GMT

Hey @Gabe3 -

Welcome to the Community!

I have moved your post to a thread with some more information on our fees.

Check out the Best Answer by @GlassDale

Thank you!

How much does square charge for 10k transaction?

Clearwater123 — Wed, 15 Jul 2020 20:22:41 GMT

I'm a licensed landscaping contractor in Southern California and im trying to take a payment but don't want to be charged outrageously for a payment over 10k? Does anyone know how much they charge per 1k?

Re: How much does square charge for 10k transaction?

JustinC — Thu, 16 Jul 2020 11:59:21 GMT

Hey @Clearwater123

Fees vary depending on how the payment is processed (card present vs manual entry vs invoicing)

GlassDale links an article that breaks down Square's pricing. Check out the best answer on this thread.

processing fees for $15,000?

JT4 — Thu, 17 Sep 2020 20:25:52 GMT

What are the processing fees for $15,000?