![]() ![]() Payment processing fees are taken out of the total amount of each transaction, including VAT on the sale and tip.Square charges merchants the same processing fee for all cards. ![]() Card fees are included in Square’s fees, so you will not incur any extra charges from card companies.It should be noted that Square charges its transaction fees in the following way: App Marketplace and Third-Party Integrations: Varies (optional extra, not required)Īnd unlike many other companies payment companies there are no fees for:.Employee Management Software: £3.00 per employee, monthly (optional extra, not required).Set-up cost: £0 (beyond buying the card reader).Transaction fees: Flat 1.75% for Chip & Pin or Contactless payments or Flat 2.5% for online, invoice or keyed-in payments.However, depending on your transaction volumes, these fees can work out to higher than a standard merchant account and card machine combination. Overall, their fees are among the lowest compared to similar companies. Square has among the most transparent fees in the UK payments industry. Square Card Reader Features Score: 5/5 has all the features you’d expect for a mobile card machine. Square complies with the Payment Card Industry Data Security Standard ( PCI DSS) on your behalf so you do not need to individually validate your state of compliance. ![]()
0 Comments
Leave a Reply. |