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silva

Does Square Reader charge Monthly? Or just a percentage?

Hi I just got my reader today. I linked my savings account to it. I won't make sales until maybe a month or so. My business is super super slow. Does this card reader charge monthly? or does it charge just the 2.75% per transaction?

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Ron Super Seller

Re: Does Square Reader charge Monthly? OR just percentage?

Best Answer

Just the 2.75% for each swiped or dipped charge. No monthly fees!! Hope this answers your question.

Message 2 of 15
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Ron Super Seller

Re: Does Square Reader charge Monthly? OR just percentage?

Best Answer

Just the 2.75% for each swiped or dipped charge. No monthly fees!! Hope this answers your question.

Message 2 of 15
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silva

Re: Does Square Reader charge Monthly? OR just percentage?

Thank you Sooooo Much Ron!! I appreciate your time to help me answer my question. I was worried that it would charge me monthly out of my savings account. Thanks you again!!

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Ron Super Seller

Re: Does Square Reader charge Monthly? OR just percentage?

@silva  My pleasure, glad I could help.

Message 4 of 15
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debkopkovitale

Re: Does Square Reader charge Monthly? OR just percentage?

what is the percentage charge without the card reader?

Message 5 of 15
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VanKalkerFarms Super Seller

Re: Does Square Reader charge Monthly? OR just percentage?

@debkopkovitale

 

If you run a card by manually typing in the card number the fee is 3.5% + 15¢

 

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Ron Super Seller

Re: Does Square Reader charge Monthly? OR just percentage?

No percentage charge for cash purchases. You only pay a fee for credit/debit charges. Fees are below.

Message 7 of 15
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bunyan109

Re: Does Square Reader charge Monthly? OR just percentage?

What is the fee for the test sale you do when you first set up your account?  I have not received my reader yet so I typed in the data.

Thanks for your help.

[personal information redacted]

Message 8 of 15
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Admin

Re: Does Square Reader charge Monthly? OR just percentage?

Hi @bunyan109, welcome to the seller community! There's no fee to do a test payment — just be sure to refund the payment and you'll receive the full amount back. For more specifics on fees, have a look here: What are Square's Fees?

 

Hope this helps clear things up. 🙂

Message 9 of 15
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Cnagel24

Is there a monthly minimum for credit cards transactions?

My business doesn't have very many credit card transactions, it's mostly cash. Is there a monthly minimum for credit cards transactions  that square requires for my account to stay open? 

Message 10 of 15
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