Calculators / Square fee

Square fee calculator

Pick your Square plan and how the customer pays. See the fee on one payment and what Square takes over a month.

The payment

$

Per payment

Rate used
Processing fee
Instant transfer fee
You receive
Fees as %
Fees per month

Where the rates come from. Square: squareup.com/us/en/payments/our-fees, checked October 12, 2026. Rates by plan: squareup.com/help/us/en/article/5068, checked October 12, 2026. Every rate is filled in for you but can be changed, in case your account is on a different deal.

Square's rates

Free / Plus / Premium
In person2.6% + 15¢ / 2.5% + 15¢ / 2.4% + 15¢
Online checkout and invoices3.3% + 30¢ / 2.9% + 30¢ / 2.9% + 30¢
Online API2.9% + 30¢ / 2.9% + 30¢ / 2.9% + 30¢
Keyed in or card on file3.5% + 15¢ / 3.5% + 15¢ / 3.5% + 15¢
Instant transfer1.95% of the amount

Worked example

A $50 sale on the Free plan, 300 payments a month.

In person50 × 0.026 + 0.15 = $1.45, you receive $48.55
Online checkout50 × 0.033 + 0.30 = $1.95, you receive $48.05
300 in person a month1.45 × 300 = $435.00 in fees

The same $50 online costs 50 cents more than in person on the Free plan. If most of your sales are online, the gap between the Free and paid plans is wider than for a shop that sells mostly in person.

Choosing a plan by numbers

Run your average payment and monthly count through the calculator on Free, then on Plus. The difference in "Fees per month" is what Plus saves you in processing. If that is more than Plus costs each month, the upgrade pays for itself on fees alone. If you also sell through a website, compare with the Stripe and PayPal fees.

Formula and examples last checked October 12, 2026.

Questions people ask

What are Square's fees?

On the Free plan: 2.6% + 15¢ in person, 3.3% + 30¢ for online checkout and invoices, and 3.5% + 15¢ for keyed-in cards or cards on file. The paid Plus and Premium plans lower the in-person rate and bring online payments down to 2.9% + 30¢.

Is Square Plus worth it for the lower rates?

Only if you take enough payments. Work out your monthly fees on the Free plan and on Plus with this calculator, and compare the difference with the monthly price of Plus on Square's pricing page. Plus also includes features some stores need regardless of fees.

How much is Square's instant transfer fee?

Square charges 1.95% of the amount for an instant transfer to your bank. Standard transfers are free and arrive in one to two business days.

Why are keyed-in payments more expensive?

Typing in a card number, or charging a card on file, carries more fraud risk than a card that is tapped or inserted, so card networks and processors charge more for it.

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