Square Fee Calculator

Square charges different rates by channel. In-person card-present transactions cost 2.6% + $0.10. Online and e-commerce transactions cost 2.9% + $0.30. Keyed/manual entry costs 3.5% + $0.15. Square Invoices cost 2.9% + $0.30. ACH bank transfers cost 1% (max $10). Square Gift Cards have no processing fees. Square Appointments cost 2.6% + $0.10 (same as in-person).

Yes, absolutely. This Square fee calculator processes everything locally in your browser. Your transaction amounts and fee calculations never leave your device. No data is uploaded, stored, or shared with any server. This ensures complete privacy for your financial information.

Square's flat-rate processing fees include the interchange fee, assessment fees, and Square's markup. However, there are some additional fees to be aware of: chargeback fees ($35 per incident), instant transfer fees (1.75% of the transfer amount), and monthly statement fees (if you don't process at least $250 in card payments per month). Square does not charge annual or monthly account fees.

Square's flat-rate pricing is competitive for small to medium businesses, especially for in-person transactions. For online transactions, Square's 2.9% + $0.30 is similar to Stripe and PayPal. However, Square Gift Cards have no processing fees, which is a unique advantage. For high-volume businesses, interchange-plus pricing from traditional processors may offer lower effective rates.

The effective rate is the total processing fee expressed as a percentage of the transaction amount. For example, a $100 in-person transaction costs 2.6% + $0.10 = $2.70, making the effective rate 2.70%. The effective rate is higher for smaller transactions (where the fixed fee has a larger impact) and converges toward the percentage rate for larger transactions.

Square does not charge monthly account fees or annual fees. However, if your monthly card payment volume is less than $250, Square charges a $4.95 monthly statement fee to cover the cost of paper statements. You can avoid this fee by opting into electronic statements in your Square dashboard.

Yes, you can use this Square fee calculator for any transaction amount. For ACH transfers, note that Square caps the processing fee at $10 per transaction, so the 1% rate only applies up to $1,000. For card transactions, there's no upper fee cap, so the percentage-based fee scales with the transaction amount.