Square pricing has a free plan plus Plus and Premium tiers from $49/month. Compare processing fees, features, pros and cons of Square POS.
Square is a payments and point-of-sale platform that gives businesses the hardware and software to accept card payments in person and online, alongside tools for inventory, invoicing, payroll, and banking.
Founded in 2009 by Jack Dorsey and Jim McKelvey, Square's parent company rebranded to Block, Inc. in 2021 to reflect its expansion into Cash App, Afterpay, and other fintech products, though the Square brand and product line continue to operate under the Block umbrella from its Oakland, California headquarters.
At its core, Square offers point-of-sale software paired with card readers and terminals for retail, restaurant, and service businesses, plus a free online store and checkout for e-commerce sales.
Beyond payments, Square offers inventory tracking, digital invoicing, appointment booking, payroll, team management, and Square Banking tools like business loans and a business debit card, all accessible from the same account.
Square uses a freemium, transaction-fee-based pricing model: the Free plan has no monthly fee and charges 2.6 percent plus 15 cents per in-person transaction, while Square Plus (49 dollars per month per location) and Square Premium (149 dollars per month per location) lower per-transaction processing rates in exchange for the subscription fee.
Online transactions are charged 3.3 percent plus 30 cents on the Free plan, dropping to 2.9 percent plus 30 cents on Plus and Premium, and manually keyed payments are a flat 3.5 percent plus 15 cents across every plan. Businesses processing over 250,000 dollars annually can negotiate custom processing rates.
Yes, the Free plan has no monthly subscription cost; you only pay processing fees per transaction.
In-person transactions are 2.6 percent plus 15 cents on the Free plan, dropping to 2.4 percent plus 15 cents on Premium; online transactions range from 3.3 percent plus 30 cents down to 2.9 percent plus 30 cents depending on plan.
Square is a product line of Block, Inc., the publicly traded fintech company (NYSE: SQ) headquartered in Oakland, California.
Square Plus costs 49 dollars per month per location and lowers per-transaction processing rates compared to the Free plan.
Yes, businesses processing over 250,000 dollars per year can contact Square's sales team for custom processing rates.
Yes, Square includes a free online store and checkout that syncs inventory with in-person sales.
No, Square has no locked-in contracts and merchants can cancel or switch plans at any time.
Square was founded in 2009 by Jack Dorsey and Jim McKelvey.