Square Fee Calculator

Tool Updated: 18-02-2023 09:42:12 pm

Easily calculate Square transaction fees for your business with our free Square fee calculator. Simply enter the amount of your sale and our calculator will determine the total cost, including Square's processing fee. Use our calculator to better understand your Square costs and improve your business's financial planning.

Square fee Calculator

Square is a financial services provider, merchant services aggregator, and mobile payment company that offers a wide range of point-of-sale (POS) services. This Square fee calculator is a helpful tool that assists merchants to estimate the fees accurately that they will be charged for using Square's payment processing services.

This calculator tool has been designed to provide clear insight into the costs, enabling business owners to make more informed financial decisions about their payment processing choices. The calculator is simple yet powerful, allowing users to quickly and accurately calculate the fees they will incur when using Square's services. Ultimately, it helps merchants save time, money, and effort when they need to plan their finances and make better decisions about their payment processing needs.

Square fee structure

In short Square will charge 2.6% + 10¢ for in-person card swipe, 2.9% + 30¢ for Online Store and 3.5% + 15¢ for Manually entered card in 2023. Here is the list of all kinds of fees with proper details.

Fees Square Fees Amout
Square Fees by Payment Type
Swiped Magstripe Cards 2.6% + 10¢
Swiped or Inserted Chip Cards 2.6% + 10¢
Contactless (NFC) Payments 2.6% + 10¢
Tap to Pay on iPhone 2.6% + 10¢
Prepaid Gift Cards 2.6% + 10¢
Point-of-Sale API Swiped or Inserted Payments 2.6% + 10¢
Swiped Virtual Terminal Payments 2.6% + 10¢
Payment Links Through Text in Virtual Terminal 3.5% + 15¢
Card on File Transactions* 3.5% + 15¢
Manually Entered Card Payments* 2.9% + 30¢
Point-of-Sale API Keyed-In Payments* 2.9% + 30¢
Manually Entered Virtual Terminal Payments* 2.9% + 30¢
Invoices 2.9% + 30¢
Square eCommerce API 2.9% + 30¢
eCommerce Card on File payments 2.9% + 30¢
Square Checkout Links 2.9% + 30¢
Subscription Payments 2.9% + 30¢
Cash App Pay (Card-Present Transactions) 2.9% + 30¢
Cash App Pay (Card-Non-Present Transactions) 2.9% + 30¢
Afterpay Fees
In-person (Including Square POS, Retail POS, Restaurants POS, and Appointments POS) 2.6% + 10¢
Square Invoices 2.6% + 10¢
Virtual Terminal (card not present) 2.6% + 10¢
Connected Square Terminal to Virtual Terminal (card present) 2.6% + 10¢
Square Online 2.6% + 10¢
Square Online Checkout 2.6% + 10¢

Why Square fee Calculator is very important  

Like many other payment processors, Square imposes a fee for every transaction handled through its system. These fees can range depending on the type of transaction and payment method employed.

A Square fee calculator is invaluable because it allows sellers employing the Square payment processing service to calculate the accurate costs for each transaction. This tool can help merchants become aware of the expenses related to using Square and thus make more educated decisions about their pricing and overall return. Also, it can assist businesses in budgeting for their expenses and subsequently, better managing their finances.

Square offers various plans and payment options, for instance, a flat-rate pricing structure or a pay-as-you-go plan, and a Square fee calculator can be of great assistance to merchants, assisting them in comparing the fees and selecting the ideal plan for their business requirements, bearing in mind their sales volume, average transaction size, pricing, and profitability.

Also, this calculator can help merchants differences in fees connected to different payment types, like, credit cards or ACH transfers, which in turn helps them to make more informed decisions about which payment methods to accept and how to structure pricing for their goods or services.

At the end of the day, understanding the costs associated with using Square's payment processing services is a crucial part of running a successful business. That is why a Square fee calculator is so valuable - it helps merchants gauge the expenses associated with the platform, giving them greater insight into pricing and profitability.

Square fee Calculator for merchants

By accurately measuring the complexity of cost and comparing the variations between cost and price, the Square fee calculator helps merchants make more informed decisions about the costs of their services. It helps merchants to accurately understand the fees associated with their use of Square, so they can make sound decisions about pricing and profitability.

How to Calculate Square fee automatically

  • Enter your amount
  • Select your payment type
  • You will see the calculated fee automatically and live (realtime)