SellersCalc

Payment fees

Square Fee Calculator

The Square fee on any transaction — online, invoiced, or tapped — and what actually reaches your bank.

Square fee = amount × rate + fixed fee; the online rate is 2.9% + $0.30. A $60 online order costs $2.04 in fees, depositing $57.96. Square's rates differ by how the card is taken: roughly 2.6% + $0.15 for tapped or dipped in person, 2.9% + $0.30 for online and invoices, and 3.5% + $0.15 for manually keyed cards — the keyed rate is the one that quietly eats margin on phone orders. Enter your amount and channel rate to see the fee and net deposit.

Square Fee Calculator — your numbers

Net deposit

$57.96

Square fee

$2.04

Estimate only. Results reflect exactly the numbers you enter — verify against your own accounting before making pricing decisions.

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Worked examples

A $60 online order

Transaction amount $60.00
Fee rate 2.9%
Fixed fee $0.30
Net deposit $57.96
Square fee $2.04

Square keeps $2.04; $57.96 lands in your bank the next business day.

Small in-person ticket

Transaction amount $15.00
Fee rate 2.6%
Fixed fee $0.15
Net deposit $14.46
Square fee $0.54

At the 2.6% + 15¢ card-present rate, a $15 coffee run costs $0.54.

Frequently asked questions

Why does Square charge different rates for the same card?

Risk. A card physically tapped or dipped is hardest to fake, so it earns the lowest rate (about 2.6% + $0.15). Online checkout and invoices carry more fraud risk at 2.9% + $0.30, and manually keyed numbers are riskiest at 3.5% + $0.15. If staff routinely key in cards when the reader "acts up," you are paying nearly a point extra for it.

Are there monthly fees or minimums with Square?

The core processing account has no monthly fee, no minimum, and no PCI or statement fees — you pay per transaction only. Paid add-ons exist (Square Online paid tiers, Appointments plans, custom pricing hardware), and Instant Transfers cost extra versus free next-business-day deposits. For low-volume sellers, the zero fixed cost is the main draw versus a merchant account.

How does Square compare with Stripe or PayPal on cost?

For online cards the list rates are nearly identical — Square and Stripe both 2.9% + $0.30, PayPal higher at 3.49% + $0.49 for invoices and checkout. The real differences are elsewhere: Square wins in person with the 2.6% + $0.15 rate and free POS software; Stripe wins for developer checkout and ACH; PayPal wins where buyers insist on it.

Has Square changed its fees recently?

Yes — Square restructured its fee schedule in 2025–2026 and rates vary by product (Invoices, Online, Terminal, keyed). The defaults here are the typical online rate; both fields are editable so you can model your actual channel. Check the current rate table in your Square Dashboard before quoting margins on a new sales channel.

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Part of the Marketplace & Payment Fees collection.