The cost to use Square depends on the purchase amount and transaction amount.
Square charges three main types of fees—software fees, hardware fees, and credit card processing fees.
Overall, there is no monthly fee for using the basic Square POS app, and instead, you'll only pay the standard 2.6% + $0.10 transaction fee for accepting in-person payments.
The Square standard processing fee is 2.6% + 10¢ for contactless payments, swiped or inserted chip cards, and swiped magstripe cards.
Payments that are manually keyed-in, processed using Card on File, or manually entered using Virtual Terminal have a 3.5% + 15¢ fee.
Square charges a $60/month fee for each location, with the first register's subscription fee included in that price.
Additional registers will cost you $40/month per register.
When a customer makes a purchase through your Square Online Store, Square Online Checkout, eCommerce API, or pays an invoice online, the fee is 2.9% + 30¢ for cards or 1% with a minimum $1 per transaction for ACH bank transfers (via invoices only).
If you believe you called a fraudulent number for Square or if you receive a suspicious phone call, do not provide any personal or account information, and hang up immediately.
If you receive a suspicious email regarding Square, don't reply to the message, select any links, or open any attachments.
Square drives most of its revenue through its P2P Cash App service. For consumers, transferring funds using the basic version of the app is free.
For businesses, Square charges a flat 2.75% fee for every eligible transaction.
Square works with any US-issued and most internationally-issued magstripe or chip cards bearing a Visa, Mastercard, American Express, Discover, JCB, or UnionPay logo.
Square also supports mobile wallets such as Apple Pay, Google Pay, and Samsung Pay.