Square processing fees by plan
Square charges a percentage plus a fixed fee on each payment, and the rate depends on your plan. Square Free costs nothing per month; Square Plus is 49 USD and Square Premium 149 USD a month per location.
- In person (tap, dip or swipe): 2.6% + 15¢ on Free, 2.5% + 15¢ on Plus, 2.4% + 15¢ on Premium.
- Online store, payment links and card-paid invoices: 3.3% + 30¢ on Free and 2.9% + 30¢ on Plus and Premium.
- Online through Square’s payments API: 2.9% + 30¢ on every plan.
- Keyed-in cards and cards on file: 3.5% + 15¢. Afterpay: 6% + 30¢.
- ACH bank transfers: 1% with a 1 USD minimum. On invoices the fee is capped at 10 USD on Plus and Premium; through the API it is capped at 5 USD on every plan.
- Cards issued outside the United States: +1.5%.
Worked examples
On Square Free, a $100.00 card payment in person costs $2.75 and you keep $97.25. The same $100.00 through your online store costs $3.60, keyed in by hand $3.65, and with a card issued abroad $5.10. To keep exactly $100.00 from an in-person payment, charge $102.82.
A $2,000.00 invoice paid by ACH costs $20.00 on Square Free but only $10.00 on Plus, where the fee is capped.
Which Square plan is cheaper?
Plus lowers the online rate from 3.3% + 30¢ to 2.9% + 30¢, saving $0.40 on every $100.00. That covers the 49 USD monthly fee once online card sales pass about $12,250.00 a month. For in-person sales alone the saving is 0.1 percentage point, so Plus pays for itself only above about $49,000.00 a month, and Premium over Plus above about $100,000.00. Most small sellers choose a plan for its features, not its rates.
What the calculator does not include
- Monthly plan fees and add-ons such as Kiosk or KDS.
- Custom pricing, which Square offers to businesses processing over 250,000 USD a year.
- Fees for instant transfers, chargebacks and gift card loads.
- Rates for Square accounts outside the United States.
Frequently asked questions
How much does Square charge per transaction?
On Square Free, 2.6% + 15¢ in person, 3.3% + 30¢ online and on invoices, and 3.5% + 15¢ for keyed-in cards. Plus and Premium lower the in-person and online rates.
How much does Square take from 100 dollars?
$2.75 for an in-person card payment on Square Free, leaving $97.25. Online the fee is $3.60.
Does Square charge more for international cards?
Yes, an extra 1.5% on payments made with cards issued outside the United States.
Is Square Plus worth it for lower fees?
On rates alone, Plus pays for itself once online card sales pass about $12,250.00 a month per location, or in-person sales pass about $49,000.00.
What are Square’s ACH fees?
1% with a 1 USD minimum. On invoices the fee is capped at 10 USD on Plus and Premium (no cap on Free); through the API it is capped at 5 USD.
