Can you add a surcharge on Square?

Surcharge Policy for Square Payments

Square, a leading payment processing platform, has established a clear surcharge policy to govern the addition of fees to customer transactions.

Prohibited Surcharges

Square’s policy strictly prohibits adding surcharges to the following types of transactions:

• Debit card payments
• Prepaid card payments
• Afterpay payments

This prohibition is in line with industry regulations and ensures that customers are not charged additional fees for using these payment methods.

Permissible Surcharges

In certain cases, local regulations may permit businesses to add surcharges to credit card transactions. However, Square does not allow businesses to impose surcharges on transactions that are processed through its platform.

Compliance with Local Regulations

Businesses must adhere to local regulations regarding surcharges. These regulations can vary by jurisdiction and may determine the permissibility, amount, and method of imposing surcharges. It is the responsibility of the business owner to stay informed about and comply with applicable laws.

Consequences of Violating Square’s Policy

Non-compliance with Square’s surcharge policy may result in the following consequences:

• Cancellation of payment processing services
• Fines or penalties imposed by regulatory authorities
• Damage to business reputation

Best Practices

To avoid any issues or potential penalties, businesses should follow these best practices when accepting payments:

• Clearly display any applicable fees or surcharges at the point of sale
• Obtain explicit customer consent before adding any fees
• Comply with all local regulations governing surcharges

By adhering to Square’s surcharge policy and applicable laws, businesses can ensure a transparent and fair payment experience for their customers.