Square fees explained: where to see them and when they make sense
Square doesn't send a classic merchant statement; fees are deducted from each payment and shown in your dashboard (Settings → Account & Settings → Pricing & subscriptions shows your rates).
| Square Free (Oct 2026) | Rate |
|---|---|
| Tap, dip, swipe | 2.6% + 15¢ |
| Online / invoices | 3.3% + 30¢ |
| Manual entry / card on file | 3.5% + 15¢ |
| International cards | +1.5% |
Square lists no PCI, chargeback, inactivity or early-termination fees, and offers custom rates above $250,000 in annual sales. Because the price is the plan, there is little to negotiate below that level; the lever is comparing your effective rate with an interchange-plus quote.
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FAQ
How do I calculate my effective rate?
Divide total processing fees for the month by total card sales for the month, then multiply by 100.Can I negotiate Square fees?
Square says businesses with more than $250,000 in annual sales can contact sales about custom rates.Does Square charge PCI fees?
Square lists PCI compliance support among services with no fee.Related
Effective rate guide · PCI non-compliance fee · Interchange-plus vs flat rate · Fiserv / Clover · TSYS
Sources
Last reviewed Oct 2026. Statement layouts change; your statement may differ. Not legal or financial advice.