When you opt in to use Clearpay, the per transaction processing rate for both online and in-person payments is 6% + 30p. This rate will apply from October 31st, 2022.
Note: From September 6th to October 31st, 2022, you would have availed of a discounted processing rate of 1.75% for in-person payments, 1.9% for Online payments (1.75% with Square Online Premium) and 1.5% for Virtual Terminal payments. This promotion has now ended.
You can choose to turn off Clearpay whenever you wish to from the Payment Methods settings on your Square Dashboard.
Square sellers using Clearpay get paid the full amount at the time of purchase, minus a processing fee on the total order. Enabling Clearpay with Square is free — there are no subscription fees or startup costs. You only pay when you make a sale. There are no processing fees charged on the remaining installments or if your customer makes a late payment. Clearpay rates are fixed and do not vary by subscription type, hardware, or custom pricing.
If you are looking for Square’s per transaction processing rates when taking payments using Square’s hardware or other Square products, you can find them here.
Tra | she/her
Community Program Manager, Square
