What are Square's Processing Fees?

[willie1234]

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

[GlassJudy · Accepted solution]

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.

[Saibikhan]

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

What are Square's transaction fees?

[Helen]

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

[Skinzlady]

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

[pessosices]

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

[Nailbooth]

how much is square charging for every transaction in California?

[BTNW]

What is the processing rate for Square Online Checkout transactions?

[cafecircuit]

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. 

[JustinC]

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

[LA1114]

Is there a monthly fee when using Square? For any of their hardware?

[ashc]

Hi @LA1114,

I moved your post to a thread where this question has been answered already.

Check out the Best Answer above for details. 

In the future, don't hesitate to search your question first here or on the Support Centre for your quickest answer too!

[Tabby0609]

Does this cost a monthly fee and are there any other charges besides every transaction.?

[AshleyK]

Hi and welcome to the Seller Community!! The processing rate for tapped, dipped, and swiped payments accepted in the Square Point of Sale app is 2.6% + 10¢. Feel free to look up the details here: http://squ.re/learnaboutfees

I've also merged your post to an existing thread where @GlassJudy helps answer your question as well.

[CelySpaStudio]

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?

[jjgard]

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.)

[Passion]

[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

[jjgard]

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

[Alex_]

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.

[SRandTCustoms]

Hello

Can anyone tell me if I’m paying transaction fees to square every time I use it why am I paying a $60 a month rental fee?.

[ashc]

Hi @SRandTCustoms and welcome to the Community!

I moved your post to an existing thread that goes over fees.

@Alex_ linked the Fees breakdown page above as well from our Support Center.

We charge a fee per transaction to all of our sellers. It sounds like you might have an added subscription with us such as Retail for that monthly fee.