What are the fees associated with using Square?

Square has a transparent fee structure that varies depending on the type of transaction and the service being used. For instance, when processing credit card payments through Square Payments, there is typically a flat fee of 2.6 percent plus a fixed dollar amount for each transaction. The fixed amount can vary based on the transaction type, such as in-person versus online payments. For example, in-person transactions usually incur the same 2.6 percent fee plus an additional dollar amount, while online payments may have a different fixed dollar amount. There are also fees associated with specific services such as Square Payroll or Square Invoices, where different pricing models may apply. Merchants using Square Capital should be aware of applicable fees related to borrowing. In addition, if a business opts for advanced features or premium services, additional subscription fees may apply. It is important to note that there may be other costs, such as chargebacks or refunds, which can also impact overall expenses. For the most up-to-date information regarding fees associated with using Square, it is a good practice to check the official Square website, as they regularly update their fee structure and provide detailed explanations of what to expect.