Square is a payment processing company that provides a range of services to merchants, including a point-of-sale system and a payment gateway. Square charges fees for its services, which may include a percentage of each transaction, a flat fee per transaction, or a monthly subscription fee.
The specific fees that Square charges can vary depending on the type of service being used, the type of card being processed, and the location of the merchant. In general, Square charges a flat fee per transaction for its point-of-sale system and a percentage of the transaction amount for its payment gateway.
For example, Square’s point-of-sale system charges a flat fee of 2.6% + 10¢ per transaction for swiped or inserted card transactions and a flat fee of 3.5% + 15¢ for manually entered transactions. Square’s payment gateway charges a fee of 2.9% + 30¢ per transaction.
It’s important to note that these fees are subject to change, so it’s a good idea to check with Square for the most up-to-date pricing information. Additionally, Square may offer different pricing for different types of businesses or for higher volume merchants.
If you are looking for a calculator to determine the fees that Square charges for its payment processing services, there are a few options available:
- Square has a fee calculator on its website that allows you to enter the details of your business and the type of service you are using to get an estimate of the fees you can expect to pay. This calculator can be found here: https://squareup.com/fees.
- You can also use an online payment processing fees calculator, such as this one: https://www.aicei.net/square-fee-calculator/ These calculators allow you to enter the details of your business and the type of service you are using to get an estimate of the fees you can expect to pay from various payment processing companies, including Square.
Keep in mind that the specific fees that Square charges may vary depending on the type of service being used, the type of card being processed, and the location of the merchant. It’s a good idea to check with Square for the most up-to-date pricing information and to compare the fees from different payment processing companies to find the best option for your business.