The Square fee calculator shows exactly what Square charges for any payment type — in-person swipe, online checkout, or manually entered cards — and how much you'll receive after fees.
Understanding Square Payment Fees
Square offers three main processing rates: 2.6% + $0.10 in-person, 2.9% + $0.30 online, and 3.5% + $0.15 for manually keyed transactions. The in-person rate is among the lowest available for no-contract payment processing.
Minimizing Your Effective Rate
Always swipe, tap, or dip cards rather than manually entering numbers. The jump from 2.6% + $0.10 (swiped) to 3.5% + $0.15 (keyed) on a $50 transaction increases fees from $1.40 to $1.90 — a 36% increase. Train staff to always present the reader rather than keying card numbers.
High Volume Discounts
At $250,000+ annual volume, contact Square about custom pricing. Merchants processing $10,000+/month often qualify for rates below 2.5% in-person. This isn't advertised but is available by contacting Square's sales team.
Frequently Asked Questions
What are Square's current fees?
In-person (tap/chip/swipe): 2.6% + $0.10. Online checkout: 2.9% + $0.30. Manually keyed: 3.5% + $0.15. Square Invoices: 3.3% + $0.30. There are no monthly fees for the basic plan, making Square ideal for low-volume merchants.
Does Square have monthly fees?
Square Free plan has no monthly fee. Square Plus is $29-$60/month for specific verticals (restaurants, retail, appointments) with advanced features. Payment processing rates are the same regardless of plan.
Is Square or Stripe cheaper for online payments?
Square Online charges 2.9% + $0.30, same as Stripe. For in-person, Square (2.6% + $0.10) is cheaper than Stripe Terminal (2.7% + $0.05). For high volume, both offer custom rates.
Is this calculator free?
Yes, completely free.