How Much Does Square Cost Per Month? A Comprehensive Guide to Pricing
Hi Readers!
Welcome to our comprehensive guide on how much Square costs per month. In today’s digital age, managing payments has never been easier, and with Square as a leading provider, understanding its pricing structure can empower you to make informed decisions for your business. Let’s dive right in!
Square Pricing Structure
Square offers a tiered pricing structure based on the volume of transactions processed. The following are the three main pricing tiers:
1. Free Tier (No Monthly Fee)
- Ideal for businesses with occasional or low-volume sales
- Processing fees of 2.6% + $0.10 per in-person transaction
- 2.9% + $0.30 per online transaction
2. Plus Tier ($29/mo)
- Recommended for businesses with a medium volume of sales
- Processing fees reduced to 2.5% + $0.10 per in-person transaction
- 2.6% + $0.30 per online transaction
3. Premium Tier ($79/mo)
- Designed for businesses with a high volume of sales
- Lowest processing fees of 2.4% + $0.10 per in-person transaction
- 2.5% + $0.30 per online transaction
Additional Services and Fees
Beyond the monthly subscription, Square offers a range of additional services subject to specific fees. These include:
1. Hardware
- Square Terminal: $149
- Square Register: $999
- Square Stand: $299
2. Payment Processing Features
- Same-day bank transfers: 1.5% fee
- Mobile card readers: $49 or $79
- Gift cards: 2.9% + $0.30 per transaction
3. Advanced Features
- Invoices and estimates: $10/mo
- Customer management: $30/mo
- Employee management: $39/mo
Table Breakdown
| Feature | Free Tier | Plus Tier | Premium Tier |
|---|---|---|---|
| Monthly Fee | $0 | $29 | $79 |
| In-Person Processing Fee | 2.6% + $0.10 | 2.5% + $0.10 | 2.4% + $0.10 |
| Online Processing Fee | 2.9% + $0.30 | 2.6% + $0.30 | 2.5% + $0.30 |
| Same-Day Bank Transfers | 1.5% fee | 1.5% fee | 1.5% fee |
| Mobile Card Readers | $49 or $79 | $49 or $79 | $49 or $79 |
| Gift Cards | 2.9% + $0.30 per transaction | 2.9% + $0.30 per transaction | 2.9% + $0.30 per transaction |
| Invoices and Estimates | Not included | $10/mo | $10/mo |
| Customer Management | Not included | $30/mo | $30/mo |
| Employee Management | Not included | $39/mo | $39/mo |
Conclusion
Now that you’re equipped with a comprehensive understanding of Square’s pricing structure, you can make an informed decision based on your business’s specific needs. From the free tier to the premium tier, Square offers flexible options to cater to businesses of all sizes. Remember to consider additional services and fees when budgeting for your payment processing solutions.
We hope this guide has answered your question, "How much does Square cost per month?" For more insights into payment processing and other business-related topics, be sure to check out our other informative articles.
FAQ about "How Much Does Square Cost Per Month?"
What is Square?
A popular payment processing platform for businesses of all sizes.
How much does Square charge per transaction?
2.6% + 10 cents per swiped transaction, 3.5% + 15 cents for keyed-in transactions, 2.9% + 30 cents for online transactions.
What are the monthly fees for Square?
Square does not charge monthly fees for its basic plan.
What plan should I choose on Square?
The basic plan is suitable for most small businesses. For larger businesses, the Pro plan ($29/month) offers more features like invoicing and gift cards.
Does Square have a transaction limit?
No, Square does not have any transaction limits.
What payment methods does Square accept?
Credit cards, debit cards, Apple Pay, Google Pay, and gift cards.
Does Square offer free equipment?
Yes, Square offers a free card reader to new customers.
How long does it take to get paid with Square?
Typically, funds are deposited into your bank account within 1-2 business days.
Can I integrate Square with my website?
Yes, Square offers a free plugin for popular website platforms like Shopify and WooCommerce.
What is Square’s customer support like?
Square provides 24/7 phone, email, and online chat support.
