Square is a popular payment processor that allows businesses to accept various types of payments, including credit cards, online transactions, and mobile payments. The fees Square charges are straightforward and transparent, making it easy for merchants to understand their costs.

Transaction Fees Breakdown

Square charges a flat rate for most transactions:

• 2.6% + 10¢ for in-person swipe, tap, or dip transactions.
• 2.9% + 30¢ for online payments or manually entered transactions.

The difference in fees reflects the higher security risks associated with online and manual transactions. There are no monthly fees, hidden charges, or penalties for refunds, setup, or inactivity.

Why Businesses Choose Square

Square's pricing structure simplifies budgeting. Merchants know exactly how much they'll be paying for each transaction. The absence of additional costs, like setup or monthly charges, makes Square especially attractive for small and medium-sized businesses. While Square’s rates may appear slightly higher than some competitors, the no hidden fees policy often results in overall savings.

For more detailed information, you can explore Square's official pricing guide.

Conclusion

In summary, Square fees are designed to be simple and transparent. With flat-rate pricing across different transaction types, merchants can focus on their business without worrying about complicated fee structures.