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What are Square's fees in Canada?
id="auto-h2-1">Frequently Asked Questions
What are Square's processing fees in Canada?
Square charges 2.5% for in-person credit card payments, 0.75% + 7¢ for Interac debit, 2.8% + 30¢ for online transactions, and 3.3% + 15¢ for manually keyed-in or card-on-file payments, per current Canadian pricing. On a $100 credit sale, that's a $2.50 fee and $97.50 in your pocket.
Does Square charge a monthly fee in Canada?
No — the core Square POS is $0/month and you only pay per transaction, with no long-term contracts or cancellation fees. However, Square also offers paid tiers: Plus costs $60/month for restaurants or $79/month for retail per location, and Premium is custom-priced, according to Sevenflow's plan breakdown.
Is Square's paid Plus plan worth it for the lower processing rates?
Usually not on rates alone. Retail Plus drops the in-person credit rate only from 2.5% to 2.45%, so Sevenflow's break-even analysis found you'd need roughly $158,000 a month in card sales for the $79 fee to pay for itself. Choose Plus for operational tools like staff management and stock counts, not fee savings.
Are there hidden costs with Square beyond the transaction fees?
Yes — hardware is a real cost even though the software is free: the Reader is $69, Square Stand $249, Terminal $399, Handheld $449, and Register $999 in Canada. PayDaddy's review notes the free core POS doesn't make every setup free, so budget for equipment and any optional paid software.
Why did I get charged more for an Interac debit payment made online through Apple Pay?
That's a Canada-specific quirk: while in-person Interac debit is a cheap 0.75% + 7¢, Interac debit via Apple Pay or Google Pay through Square Online is charged at the online rate of 2.8% + 30¢ instead. PayDaddy's fee breakdown also flags a +1.5% surcharge on cards issued outside Canada.
Can I get lower Square fees if my business processes a lot of sales?
Possibly. Businesses processing more than $250,000 per year in credit card sales may be eligible for custom rates from Square. It's worth asking, because payments analysts at Swipesum note Square's flat rates are built for simplicity, not lowest total cost — once your volume is large, basis points matter and interchange-plus or custom quotes can be cheaper.