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How Much Does Square Charge?

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Melissa Johnson

Melissa Johnson

Melissa Johnson has been writing about payment processing and mobile payments since 2014, and has been quoted in articles for Credit Karma and The Next Web, among others. She graduated from The University of Kansas in 2010 with bachelor's degrees in English and journalism.

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20 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Kathy

    If we charge a surcharge for using credit cards, how do we figure the cost of processing when it is different for each transaction?

      Jessica Dinsmore

      Hi Kathy,

      We have a post on Surcharges that I think will answer your question. The section on Square states:

      Square does allow for the practice of surcharging provided to follow other guidelines (including notifying Visa and Mastercard). However, because of the way Square’s system is set up, it deducts the processing fee from the total transaction (after tax, tip, and yes, the surcharge). That ultimately means you won’t be able to perfectly offset your Square fees with a surcharge — there will always be a slight difference that can’t be reconciled. Square specifically says in its help center page on surcharges that some merchants use a third-party calculator app to help them figure out the math.

      I hope that helps!

        Lanzi baron

        Hello. My boss at the salon uses square app to collect payments with credit cards. However last month she was charged an significant amount that she noticed and she was wondering what exactly she is getting charged for?we know about the charge for credit cards but this seems a very outrageous amount just for credit cards.

          This comment refers to an earlier version of this post and may be outdated.

          Emily Hale

          Hi Lanzi,

          Here are instructions via Square’s Support Center. Scroll to the section with the header “View Your Fees” with instructions on how to access the exact fees your boss is being charged per transaction. She can do that right from her dashboard. https://squareup.com/help/us/en/article/5068-learn-about-square-s-fees

          Hope this helps and best of luck!

            This comment refers to an earlier version of this post and may be outdated.

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            Cheryl VanBenschoten

            I do not see where the fee is for every transaction that is sent to our bank. The bank records the total amount of the transaction as deposited. For accounting purposes, I need to know the fees charged on a weekly, if not daily bases. Is there some where I can check this? Thanks!

              This comment refers to an earlier version of this post and may be outdated.

              Emily Hale

              Hi Cheryl,

              You can view your Square fees over time and for individual transactions from your dashboard. Here’s the guide to doing that via Square’s Support Center. Hope this helps!

                This comment refers to an earlier version of this post and may be outdated.

                Bob Gothman

                Could you tell me what the standard rate is for cards if you use the Square Stand POS system? What I understand from your article it would be the 2.75% flat rate because it is not one of the all-in-one hardware systems you mentioned (Square Register/Square Terminal), but I’d like to clarify. My restaurant has an average card ticket of $15, so the 2.75% would be better than the rate on the all-in-one systems that include at per transaction fee.

                  This comment refers to an earlier version of this post and may be outdated.

                  Emily Hale

                  Hi Bob,

                  You have the right idea: If you use Square Point of Sale on a smartphone or tablet with a mobile card reader, you’ll pay the standard 2.75% per swiped, dipped, or tapped transaction. You can buy as many readers as you need and use them with a phone or tablet device. The other solutions that Square offers have slightly different processing fees as well as the respective monthly fees, as seen in the chart within this post. Hope this helps!

                    This comment refers to an earlier version of this post and may be outdated.

                    Rob

                    If using Square in tandem with Apple Pay device, are there fees for both Square and Apple?

                      This comment refers to an earlier version of this post and may be outdated.

                      Dakota Fillet

                      Hi Rob,
                      No, there are no extra fees for accepting NFC-based payments via Apple Pay. Best of luck!

                        This comment refers to an earlier version of this post and may be outdated.

                        Greg

                        Does Square handle government purchase cards, which would be handled over the phone ? I’m looking for a way to handle them without minimum monthly fees to the processing company.

                          This comment refers to an earlier version of this post and may be outdated.

                          Dakota Fillet

                          Hi Greg, I would suggest Payment Depot or National Processing as alternatives to square. They are more reliable sources when dealing with government cards. Hope this helps!

                            This comment refers to an earlier version of this post and may be outdated.

                            James King

                            Inside the restaurant side of Square you are charged 2.6% + $0.10 per transaction. Reading your article and looking at a print out of sales report it appears the fees are taken out of tips as well. As an employee looking at fees and money owed to the restaurant it appears that the company is having the employees cover the fees by taking them out of the tips. Now seeing as Square makes these service fees I see no problem with paying a share of those fees. My question is are the fees taken out of tips or is there a way to have Square take the fees out of the tips made for the day? In the restaurant industry this would mean that the company I am working for is charging the employee for the system. Is this a common thing or is this possible?

                              This comment refers to an earlier version of this post and may be outdated.

                              Jessica Dinsmore

                              Hi James,

                              Square deducts its processing costs from the total transaction — that includes tax and tip, not just the base amount. We are unsure if there is a way to configure the settings so that Square’s payroll feature shunts all of the processing fees to the merchants’ costs and lets employees get the full amount of the tip. That would definitely be a question for Square. However, if paying with a card, any processor will charge a fee for the entirety of the transaction and it is legal to deduct processing fees from employee tips, so long as the deduction is only equal to the amount of the tip, not the entirety of the transaction cost.

                                This comment refers to an earlier version of this post and may be outdated.

                                We've done in-depth testing of each and confidently recommend them.

                                Bernice Perusse

                                I would like to know how to cancel the squareup service. Please contact me
                                905-735-1552 ext 204

                                  This comment refers to an earlier version of this post and may be outdated.

                                  Jessica Dinsmore

                                  Hi Bernice,

                                  You’d need to contact Square directly to do this.

                                    This comment refers to an earlier version of this post and may be outdated.

                                    Jan Luedeman

                                    Working for a service company- plumbers. I really like square! I have worked with several different merchant services and the simplicity of Square beats all. Previously the other companies I worked with had a good rate, but by the time you paid all of the fees you were paying a lot!
                                    Would recommend in a minute!!

                                      This comment refers to an earlier version of this post and may be outdated.

                                      Mary

                                      I would like to start a very small e-commerce service business (users pay via website) that will have 2-10 transactions per month and average $50 per transaction. Would you suggest Square for this type of credit card servicing? (vs. Payline’s Payline connect plan?)

                                        This comment refers to an earlier version of this post and may be outdated.

                                        Jessica Dinsmore

                                        Hi Mary,

                                        I do recommend Square for sales volumes averaging less than $5k/mo. They offer a 30-day free trial and no early termination fee.

                                          This comment refers to an earlier version of this post and may be outdated.

                                          Penelope

                                          Every time I read your articles, you guys impressed me. You are more proactive than gov. agencies doing your job in the interchange fee industry!

                                          Thank you for your effort!

                                            This comment refers to an earlier version of this post and may be outdated.

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