How much does Square charge?
As of November 2026, Square's US card rates depend on how you take the payment and which plan you're on:
- In person (tap, dip or swipe): 2.6% + 15¢ on Free, 2.5% + 15¢ on Plus, 2.4% + 15¢ on Premium.
- Online and invoices: 3.3% + 30¢ on Free, 2.9% + 30¢ on Plus and Premium.
- Keyed in or card on file: 3.5% + 15¢ on every plan.
- Bank payments (ACH) on invoices: 1%, with a $1 minimum.
- Plus costs $49 a month and Premium $149 a month per location. Free has no monthly fee.
The Square fee formula
Fee = amount × percentage + fixed fee. A $100 payment in person on the Free plan costs $2.60 + $0.15 = $2.75, so you keep $97.25. Online it costs $3.60, and keyed in $3.65.
To receive an exact amount: charge = (amount you want + fixed fee) ÷ (1 − percentage). To keep $100 in person, charge ($100 + $0.15) ÷ 0.974 = $102.83.
Why keyed-in payments cost more
Typing in a card number carries more risk of fraud than a card that's present, so it costs the most. Wherever you can, tap or insert the card, or send an invoice the customer pays online. Save keyed-in payments for phone orders.
Is a paid Square plan worth it?
Plus saves 0.1 points in person and 0.4 points online. On $5,000 a month in online sales, that's $20, well short of the $49 subscription. Paid plans are mostly worth it for their features, like advanced staff or inventory tools, rather than the lower rates.
Frequently asked questions
How much does Square charge per transaction?
As of November 2026, 2.6% + 15¢ in person on the Free plan, 3.3% + 30¢ online, and 3.5% + 15¢ keyed in. On $100 in person, the fee is $2.75.
What is the Square fee on $100?
$2.75 in person, $3.60 online on the Free plan ($3.20 on Plus or Premium), and $3.65 keyed in.
How much should I charge to receive $100 with Square?
$102.83 for an in-person payment on the Free plan. The formula is (amount + $0.15) ÷ (1 − 0.026).
Does Square charge a monthly fee?
Not on the Free plan. Plus costs $49 a month and Premium $149 a month per location, with lower card rates.