Square Pricing and Fees: Detailed Guide for 2022

As a business owner, you are always looking for ways to save money and run your business more efficiently. When it comes to payment processing, you want to find a provider that offers not only low rates but also a variety of features that can save you time and money.Mobile card reader: If you do any type of mobile sales, whether it be at trade shows or pop-up shops, then you’ll want a payment processor that offers a mobile card reader. Square’s mobile card reader is one of the best on the market and allows you to accept credit and debit cards anywhere.

  • Invoicing: Square also offers invoicing, which can save you time if you do a lot of billing. With Square, you can create and send invoices directly from your account, and customers can even pay online.
  • POS system: Square also offers a POS system, which can be beneficial if you have a brick-and-mortar store. The POS system offers features such as inventory management, customer tracking, and sales reporting.

These are just a few of the features that Square offers. To learn more about Square and its pricing, read on.

Square Pricing

Square has a variety of pricing options, which is one of the things that makes it so popular. You can choose to pay per transaction or monthly, and there are no long-term contracts. Here’s a breakdown of Square’s pricing:

  • Per transaction: With this option, you only pay when you make a sale. Square charges 2.75% per transaction, which is one of the lowest rates on the market.
  • Monthly: With the monthly option, you pay a flat fee of $275 per month, plus 2.75% per transaction. This is a good option if you process a lot of sales, as it will save you money in the long run.

There are also a few other fees to be aware of, such as:

  • Chargebacks: If a customer disputes a charge, then you will be charged a $15 fee.
  • Declines: If a card is declined, then you will be charged a $0.30 fee.
  • Cancelled transactions: If you cancel a transaction, then you will be charged a $0.30 fee.

Overall, Square has some of the lowest fees on the market. If you are looking for a payment processor that offers low rates and a variety of features, then Square is a good option.

Comments are closed