Square Fee Calculator — See Your Exact Payout
Enter the transaction amount to calculate Square's processing fees and your net payout. Compare in-person, online, and keyed-in rates.
Transaction Details
You Receive
$48.25
Processing Fee
$1.75
Fee Rate
3.5%
Square Fees
| Online Transaction Fee | $1.45 |
| Online Transaction (Flat) | $0.30 |
| Total | $1.75 |
In-person (tap, dip, swipe): 2.6% + $0.10 per transaction.Updated 2026-04-02
Square Fee Structure
Square charges per-transaction fees with no monthly minimums on its free plan:
| Payment Type | Fee |
|---|---|
| In-person (tap, dip, swipe) | 2.6% + $0.10 |
| Online (invoices, e-commerce) | 2.9% + $0.30 |
| Manually keyed-in | 3.5% + $0.15 |
| Buy Now, Pay Later (Afterpay) | 6% + $0.30 |
| Square Invoices (free plan) | 3.3% + $0.30 |
For a $100 in-person card payment, Square charges $2.70, leaving you with $97.30. Online payments cost $3.20 per $100. There are no setup fees, monthly fees, or long-term contracts on the free plan.
Square vs Stripe vs PayPal
For online payments, Square (2.9% + $0.30) matches Stripe exactly. Both are cheaper than PayPal (2.99% + $0.49). Where Square stands out is in-person payments at 2.6% + $0.10 with free hardware (Square Reader), while Stripe Terminal charges the same rate but requires purchasing hardware.
Frequently Asked Questions
How much does Square charge per transaction?
Square charges 2.6% + $0.10 for in-person payments and 2.9% + $0.30 for online payments. Manually keyed-in transactions are 3.5% + $0.15.
Does Square have monthly fees?
The free plan has no monthly fees. Square Plus costs $29/month per location and offers additional features like advanced team management and loyalty programs.
Is Square or Stripe cheaper?
For online payments, they're identical (2.9% + $0.30). For in-person payments, both charge 2.6% + $0.10, but Square includes a free card reader while Stripe Terminal hardware must be purchased.
Is Square good for small businesses?
Yes. Square is popular with small businesses because it has no monthly fees, provides a free card reader, and includes a free POS system. It's ideal for businesses with a mix of in-person and online sales.