Square fees & pricing
Block, Inc. · Flat rate · best for small retail, restaurants and in-person sellers
Square uses flat rate pricing. Its headline rate is 2.90% + $0.30, which works out to about 3.50% effective on a $50.00 sale. International / cross-border: +1.5% for cards issued outside the US. Chargeback fee: $0 (Square absorbs the chargeback fee). Monthly fee: $0 free plan; Square for Retail/Restaurant plans $0–$89/mo. In-person (tap/dip/swipe) is 2.6% + $0.10; online and e-commerce is 2.9% + $0.30; keyed/card-on-file is 3.5% + $0.15. No monthly fee on the free plan and a complete free POS make it the default for small in-person merchants.
Source: Block, Inc. pricing. Data as of June 2026.
Note: These are general estimates, not a quote or offer. Your real rate depends on your card mix, volume, region, risk profile and the contract you sign.
Square fee structure
| Pricing model | Flat rate |
|---|---|
| Headline rate | 2.90% + $0.30 |
| Monthly fee | $0 free plan; Square for Retail/Restaurant plans $0–$89/mo |
| International / cross-border | +1.5% for cards issued outside the US |
| Chargeback fee | $0 (Square absorbs the chargeback fee) |
| Payout speed | 1–2 business days; instant transfer for 1.75% fee |
| Best for | small retail, restaurants and in-person sellers |
Source: Block, Inc. pricing. Snapshot June 2026 — processors change pricing; verify on the provider's pricing page before relying on a figure.
What you pay per transaction
| Transaction size | Rate applied | Fee charged | Effective rate |
|---|---|---|---|
| $10.00 | 2.90% + $0.30 | $0.59 | 5.90% |
| $50.00 | 2.90% + $0.30 | $1.75 | 3.50% |
| $200.00 | 2.90% + $0.30 | $6.10 | 3.05% |
Source: Block, Inc. pricing page. Data as of June 2026.
Cost pros & cons
Where Square saves money
- Free POS hardware option and software
- No monthly fee, no chargeback fee
- Great in-person rate (2.6% + $0.10)
Watch-outs
- Higher 3.5% keyed-entry rate
- Account stability complaints on high-risk verticals
- Online rate is middle-of-pack
Frequently asked questions
What are Square's payment-processing fees?
Square charges 2.90% + $0.30 on card payments. For a $50.00 transaction that works out to roughly 3.50% effective. There is no monthly fee on the standard plan. Snapshot June 2026 — processors change pricing; verify on the provider's pricing page before relying on a figure.
Does Square charge a monthly or setup fee?
$0 free plan; Square for Retail/Restaurant plans $0–$89/mo.
How much does Square charge for international cards and chargebacks?
International / cross-border: +1.5% for cards issued outside the US. Chargeback / dispute fee: $0 (Square absorbs the chargeback fee). International cards and disputes can dominate the effective rate for global merchants.
Is Square good for my business?
Square is best for small retail, restaurants and in-person sellers. Free POS hardware option and software. Watch out: higher 3.5% keyed-entry rate. Model your real volume and ticket size in our calculator before deciding. These are general estimates, not a quote or offer. Your real rate depends on your card mix, volume, region, risk profile and the contract you sign.
Compare Square with alternatives
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Source & accuracy
Figures are a dated snapshot from Block, Inc.'s pricing page (as of June 2026). Payment fees change without notice and vary by region, risk and contract — verify on the vendor's page before signing. These are general estimates, not a quote or offer. Your real rate depends on your card mix, volume, region, risk profile and the contract you sign. See our methodology and disclaimer.
Last updated: 2026-06-29