What are the fees associated with using Square?
Using Square comes with various fees depending on the type of transaction. For in-person payments, the fee is 2.6% + 10¢ per transaction. However, if you need to manually enter a payment, the fee is slightly higher at 3.5% + 15¢ per transaction. Online payments through Square Online Store incur a fee of 2.9% + 30¢ per transaction. Additionally, Square offers a range of optional features and services with their corresponding charges. For instance, advanced invoicing costs $20 per month, while Square for Retail starts at $60 per month. Square also provides hardware options such as card readers and terminals at different prices. It's worth noting that fees may vary based on the country of operation, so it's best to refer to Square's official website for the most accurate and up-to-date fee information.
Answered Nov 1, 2023
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