what does square charge per transaction

1 year ago 34

Square charge per transaction depends on the payment type and processing method. The fees are deducted before funds are transferred to the linked bank account. Here are the fees for some payment types:

Swiped Magstripe Cards: 2.6% + 10¢ per transaction
Swiped or Inserted Chip Cards: 2.6% + 10¢ per transaction
Contactless (NFC) Payments: 2.6% + 10¢ per transaction
Tap to Pay on iPhone: 2.6% + 10¢ per transaction
Tap to Pay on Android: 2.6% + 10¢ per transaction
Prepaid Gift Cards: 2.6% + 10¢ per transaction
Online card transaction: 2.9% + 30¢ per transaction
In-person (tap/dip/swipe): 2.6% + 10¢ per transaction
Virtual Terminal (card not present): 6% + 30¢ per transaction
Connected Square Terminal to Virtual Terminal (card present): 6% + 30¢ per transaction
Square Online: 6% + 30¢ per transaction
Square Online Checkout: 6% + 30¢ per transaction
Invoices: 3.3% + 30¢ per transaction for Invoices Plus users, and 3.5% + 15¢ per transaction for Free users