Skip to content
B2BRated

Square Payments

By Block, Inc.

Vendor's website

Square Payments processes cards, digital wallets and ACH bank transfers for in-person and online sales with no fee until a payment is taken. Card-in-person rates run from 2.4% to 2.6% plus 15 cents depending on the Square plan, and online API payments cost 2.9% plus 30 cents. Funds go to a bank account in batches, and sellers can pay for an instant deposit.

From
1% $1 minimum; $10 cap on invoices for the paid plans and $5 cap through the API
Free plan
Yes
Free trial
No

Pricing

Taken from the vendor's pricing page.

Plans and prices for Square Payments
PlanPriceChargedNotes
In-person card payments2.4% + $0.15 tap, dip or swipe; the rate is 2.4%, 2.5% or 2.6% depending on the Square planper transaction
Online card payments and invoices2.9% + $0.30 online or invoice; the rate is 2.9% or 3.3% depending on the Square planper transaction
Online API card payments2.9% + $0.30 payments in your own app or website through the API, the same on every planper transaction
ACH bank transfer1% $1 minimum; $10 cap on invoices for the paid plans and $5 cap through the APIper transaction

Costs not in the plan price

  • Manually entered cards and cards on file cost 3.5% plus 15 cents on every plan.
  • Afterpay costs 6% plus 30 cents.
  • Square's Plus and Premium plans change the processing rates, and the monthly price of those plans was not on the fees page we checked.
  • Instant Deposit carries a service fee that the pages we checked do not state.

Categories it qualifies for

Facts we checked

  • The Web Payments SDK takes credit cards, gift cards, digital wallets (including Apple Pay and Google Pay), ACH bank transfers, Afterpay and Cash App Pay. Source
  • Risk Manager lets a seller create rules, blocks and alerts, including a rule that requires 3D Secure for payments that meet chosen conditions. Source
  • Instant Deposit moves funds to a linked bank account or debit card within seconds for a service fee, in the US, UK, Canada and Australia. Source
  • For US sellers the payout cutoff is 5 PM Pacific on each business day, so the dashboard balance for a day can differ from the funds in the bank account. Source
  • Manually entered cards and cards on file cost 3.5% plus 15 cents on every plan, and Afterpay costs 6% plus 30 cents. Source

Reviews

Review collection has not opened yet, so there are no reviews to show. When it opens, reviewers will confirm their identity with a work email or LinkedIn before a review is published.

Who pays us

Block, Inc. does not pay us anything.

Compare with other payment processing products

See all payment processing products side by side