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Square
Payment Processing
Business
Merchant
Savings
Debit card
Virtual Card
Сredits and loans
Referral program
Mobile Apps

A square is a payment processing and point of sale platform that is available to businesses of all sizes - even those who are just starting out. It has some great perks for smaller companies who experience variable business days. One such perk is its affordable pricing structure; it also offers simplicity for both sellers and buyers alike.

Services

  • Personal IBAN

  • Affiliate program

  • Cashback

  • SEPA

  • Loyalty program

  • Insurance

  • Multicurrency account

  • SWIFT

  • Card

  • Crypto

Details

Details
Founded:

2009

Has mobile app:

Yes

Has web version:

Yes

Has apple pay:

Yes

Has google pay:

Yes

Contacts:

To get email support from your computer:

Sign in and visit squareup.com/help.
Click Contact in the top right.
Select an option or type “contact” at any time to speak with a live agent.

Languages:

English, Spanish, French, Japan

Emi type:

Payment Processing

Available in these countries:

GBR, USA, AUS, CAN, ESP, FRA, JAP, IRL

Jurisdiction:

USA

Licenses:

https://squareup.com/us/en/legal/general/licenses

Main info

Main info
Has IBAN:

No

Has SEPA:

No

Has SWIFT:

No

Deposit fee:

1,5%

Bonus:

Loyalty program - Free for 30 days.

You should only pay for a loyalty program when it’s working for you and your customers. With Square Loyalty, the monthly cost adjusts based on each location’s total loyalty visits per month.

0–500 loyalty visits
$45/month per location

501–1,500 loyalty visits
$75/month per location

1,501–10,000 loyalty visits
$105/month per location

Credit:

Square small business loans from $300—$250,000.

A fixed percentage of your daily card sales is automatically deducted until your loan is fully repaid. If sales are up one day, you pay more; if you have a slow day, you pay less. A minimum of 1/18 of the initial balance must be repaid every 60 days.

Card

Money transfer

Business account

Merchant

Card
Has card:

Yes

Has virtual card:

Yes

More info:

Square Debit Card is free to order and has no monthly fees, minimum balance fees, overdraft fees, or any other recurring fees.

Payment card type:

Debit

Card provider:

Mastercard

ATM withdrawal fee:

Please note: Square does not charge you any ATM fees, but ATM providers may charge you a fee when you make withdrawals.

Card limits:

The maximum you can spend using a Square Card is $10,000 per transaction, $25,000 per day, $50,000 per week and $150,000 per month.

If you’re using your Square Card to withdraw cash, the maximum amount which can be withdrawn at an ATM is $500 per transaction, $1,000 per day, $2,000 per month.

Money transfer
Money transfer speed:

Instantly up to 1 business day.

Money transfer speed (days):

1 - 2

Business account
Business account has IBAN:

No

Business account has SEPA:

No

Business account has business card:

No

Business p2p fee has conversion:

No

Business account deposit methods and fees has conversion:

No

Business account withdrawal methods and fees has conversion:

No

Business account affiliate program:

Square Payments
$5 per new sign-up, plus a $15 bonus when an activation starts taking payments within 45 days of signup.

Square Hardware
Earn a bonus when an activation starts taking payments using Square Hardware within 45 days of sign-up ($5 for first transaction using Square Reader for magstripe, $17 for transaction using Square Reader for contactless and chip, $64 for transaction using Square Terminal, $108 for transaction using Square Stand, $163 for transaction using Square Register).

Square Payroll
$5 per new sign-up, plus a $37 bonus when they make their first pay run within 45 days.

Square for Retail
$5 per new sign-up, plus a $233 bonus when an activation processes their first transaction using Square for Retail within 45 days of signup.

Square Appointments
$5 per new sign-up, plus a $12 bonus when an activation processes their first transaction using Square Appointments within 45 days of signup.

Square for Restaurants
$5 per new sign-up, plus a $166 bonus when an activation processes their first transaction using Square for Restaurants within 45 days of signup.

Square Invoices
$5 per new sign-up, plus a $7 bonus if an activation starts taking payments using Square Invoices within 45 days.

Square Point of Sale
$5 per new sign-up, plus a $25 bonus when an activation starts taking payments within 45 days of signup.

Square Virtual Terminal
$5 per new sign-up, plus a $28 bonus when an activation starts taking payments using Square Virtual Terminal within 45 days of signup.

Square Online
You need to apply separately for the Square Online affiliate program.

Business account opening fee:

Free

Business account deposit methods & fees:

Your fee will be 2.65% of the total transaction amount for any of the following payment types:

Inserted Chip Cards

Contactless Credit Cards and Devices

Swiped Cards

Swiped Virtual Terminal Payments

Prepaid Gift Cards

Your fee will be $0.10 per transaction for the following payment type:

Interac

Your fee will be 3.4% + 15¢ of the total transaction amount for any of the following payment types:

Manually Keyed-In Card Payments

Card on File Transactions

Manually Entered Virtual Terminal Payments

Your fee will be 2.9% + 30¢ of the total transaction amount for any of the following payment types:

Invoices

Square Online

Square eCommerce API

Subscription Payments

Appointments No-Show Protection

You won’t pay any fees for the following payment type:

Cash, Cheques and Other Tender

The higher fee for manually entered transactions is due to a greater risk involved with these payments, as neither the payment card nor the buyer have to be present for the payment to occur.

Merchant
Has cards acquiring payments:

Yes

Has m-Pos payment services:

Yes

Has MO/TO services:

Yes

Has SMS billing services:

Yes

Has ticket selling services:

Yes

Has email invoicing:

Yes

Merchant account opening fee:

0 EUR

Fee for receiving payments:

Square’s standard processing fee is 2.6% + 10¢ for contactless payments, swiped or inserted chip cards, and swiped magstripe cards.
Payments that are manually keyed-in, processed using Card on File, or manually entered using Virtual Terminal have a 3.5% + 15¢ fee.
Invoices cost 2.9% + 30¢ or 3.5% + 15¢ if processed using Card on File.

Processing fees are deducted before each transfer and cannot be charged on a monthly basis. You can view your total fees on a monthly basis from your online Square Dashboard.

User Reviews

Keith Phillips

Excellent customer service. Very professional, knowledgeable, and helpful.

Aud Tessier
Magnus Lange

Good rates of interest and managed with an easy to use app.

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