Square transaction fee5/5/2023 ![]() This type of pricing is referred to as flat-rate pricing, as opposed to tiered pricing, subscription pricing, or interchange-plus pricing. There are also certain paid monthly plans that qualify for Square’s 2.5% plus $0.10 rate. This applies as well to organizations that choose Square Terminal or Square Register, Square’s all-in-one hardware solutions.įor customers who joined after August 2019, all pricing has been set to 2.6% plus $0.10 across the board. These work on several devices, including tables and smartphones. With Square’s POS mobile card readers, you will pay 2.6% plus $0.10, no matter what the card is (chip, gift, or NFC). Square’s fees for their individual programs are as follows: Fees for Square POS Card Readers Canada’s Square-enabled retailers, however, can accept debit transactions from Interac. Unfortunately, the latter does not support PIN debit. In the United States, Square accepts both debit and credit cards. This happens before the cash is deposited into your account, rather than deducting a full month’s worth at a time. Square costs are deducted when a transaction is completed, which include tax and gratuity. In this article, you’ll have a look at Square’s fees for their point of sale systems, their additional services, and review some examples of what their monthly costs could look like for a business. While they can be a great choice for retailers, understanding their fees and services is crucial if you want to be certain they are the right fit for you. Square, for instance, has a wide variety of PoS systems, and their pricing structure reflects this. Furthermore, each payment system provider will have its own way to manage fees depending on which tools and services you use. These days POS systems come with robust software that can provide you with reports, inventory tools, and more. A point-of-sale system can do a lot more for your business than just allow you to take payments. ![]()
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