GrossupSquare invoice fee calculator
To receive $2,000.00 from a Square invoice paid by card on the Free plan, invoice $2,068.57. On Square Plus or Premium, invoice $2,060.05.
Square Free plan invoice: 3.3% + $0.30.
- Fees on this payment$68.57
- You receive$2,000.00
- Fees as a share of the invoice3.31%
Every rate at this amount
| Payment | Rate | Fee | You receive | Invoice |
|---|
The numbers, worked
Square's fee page lists invoices paid by card at 3.3% + $0.30 on the Free plan and 2.9% + $0.30 on Plus and Premium. A bank transfer (ACH) on an invoice is 1%, with a $1 minimum and a $10 cap.
On the Free plan: ($2,000.00 + $0.30) ÷ (1 − 0.033) = $2,068.57, a fee of $68.57. On Plus or Premium: ÷ (1 − 0.029) gives $2,060.05, a fee of $60.05.
Paid by bank transfer, $2,000.00 would carry a 1% fee of $20.00, but the $10 cap holds it at $10.00, so you invoice $2,010.00.
Questions
Why is my Square invoice fee 3.3%?
That is the Free plan's rate for invoices paid by card on Square's fee page. Plus and Premium list 2.9% + $0.30.
Does Square charge more for cards from abroad?
Square's page lists a 1.5% international transaction fee for cards issued in another country. Type 4.8 in Percent fee to see it on the Free plan.
What about a bank transfer on the invoice?
1% with a $1 minimum and a $10 cap. The bank transfer page compares it with Stripe and PayPal.
Related
- Grossup: what to invoice to receive any amount
- PayPal vs Stripe vs Square fees
- ACH bank transfer fees
- How much to charge to cover card fees
Sending this every month? The card fee invoice template puts the fee line on each invoice.