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What are Square’s card processing fees?

What are Square’s card processing fees?

Helen

Seller Community Manager, Square

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Square’s per transaction fees for credit and debit card payments are as follows:

 

 

  • $0.10 for Interac chip & PIN, or Interac tap sales

 





*Note: The higher fee for manually keyed-in transactions (3.4% + 15¢) is due to a greater risk involved with these payments, as neither the card nor the cardholder need to be present for the payment to be processed. Learn more about Square’s fees.

 

Square’s fees are deducted before the funds are transferred to your linked bank account.

 

Learn about accepted cards and how to view your fees in our Support Centre.

 

Helen

Seller Community Manager, Square

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Admin

Best Answer

Square’s per transaction fees for credit and debit card payments are as follows:

 

 

  • $0.10 for Interac chip & PIN, or Interac tap sales

 





*Note: The higher fee for manually keyed-in transactions (3.4% + 15¢) is due to a greater risk involved with these payments, as neither the card nor the cardholder need to be present for the payment to be processed. Learn more about Square’s fees.

 

Square’s fees are deducted before the funds are transferred to your linked bank account.

 

Learn about accepted cards and how to view your fees in our Support Centre.

 

Helen

Seller Community Manager, Square

Did you find help in the Seller Community? Mark a Best Answer to help others!
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Is there a way to program an option to automatically add the additional charge to the customer  when they choose to pay with credit over the invoices app?

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Hello , are there better rates for large ticket items?

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Square Community Moderator

Hello @CRC1 and welcome to the Seller Community.

 

Currently, Square only offers per-transaction pricing. We don’t support custom or monthly pricing at this time.

Square’s card processing fees are taken out of the total amount of each transaction, including taxes and tips. The fee per transaction is:

  • 2.65% for card present transactions
  • 3.4% + 15¢ for keyed-in transactions
  • 2.9% + 30¢ for invoiced transactions
  • $0.10 for Interac Tap transactions

There are no additional fees and every card (Visa, MasterCard, Discover, and American Express) has the same flat rate. These fees are static and do not change depending on how much you transact. Because we only charge per transaction, Square doesn’t cost you anything if you don’t use it.

JJ
Community Moderator, Square
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When talking about Square processing fees ... don't forget to include the ridiculous $.50 DELIVERY FEE!!! This is the most outrageous fee ... and I get angry every time I get the Square's stupid invoice ... which also, by the way, includes TAX!!! If this isn't a huge money grab, I don't know what is!!

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Are the better rates for large ticket items?

 

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