thread Re: Square charges on product, shipping, and tax charges in Archived Discussions (Read Only)

Square charges on product, shipping, and tax charges

DecoDean — Tue, 22 Nov 2016 01:56:20 GMT

Hello! I am totally new to this system and have a quick question:

I am planning on opening a small Online Store front on Square using the free platform.

I will be selling a $10 product that has a $15 flat rate shipping charge for a total of $25 per sale.

A) True or False:
When a sale is made, the only charge I will incur from Square will be 2.9% + 30¢ per transaction.

So, in the above example, the only charge from Square will be

72.5¢ for the product + shipping

+ 30.0¢ addional Square fee

= $1.02 1/2¢ per transaction

B) Does Square apply the same 2.9% rate to any (state) taxes for taxable transactions? For instnace, if the above transaction had a 7% state tax on the item, would I have to pay Square an additional $0.02 for the 7% tax on the $10 product cost?

Thank you!!

Re: Square charges on product, shipping, and tax charges

Max — Tue, 22 Nov 2016 00:10:07 GMT

Hi @DecoDean, welcome to Square!

The answer to both of your questions is yes. The Square percentage applies to everything: item price, tax on the item and shipping.

Your calculations look sound. Of course, there will be rounding with some transactions due to franctions of cents.

Cheers, Max

Re: Square charges on product, shipping, and tax charges

DecoDean — Mon, 17 Apr 2017 17:23:42 GMT

Thank you Max! Sorry for the ultra late response...the project went into darkness for a few months!