How do I charge a 3% fee on Square?

How to Apply a 3% Service Fee in Square

Square provides businesses with various options to customize their pricing structure, including the ability to add service fees. This article will guide you through the simple steps on how to charge a 3% fee on Square:

Step 1: Access Square Settings

• Log in to your Square dashboard.
• Click on “Settings” located in the top right corner.

Step 2: Navigate to Business Information and Service Charges

• Under “Account & Settings,” find and select “Business Information.”
• Scroll down to the “Service Charges” section.

Step 3: Create a New Service Charge

• Click on the “Create Service Charge” button.
• Enter “3%” in the “Percentage-based fee” field.
• Optionally, you can provide a description for the service fee (e.g., “Convenience Fee”).

Step 4: Save Changes

• Click on the “Save” button to implement the new pricing structure.

Additional Notes:

• The 3% service fee will be applied to all transactions processed through your Square account.
• Customers will see the service fee listed as a separate line item on their receipts.
• You can modify or delete the service charge at any time by navigating back to the “Service Charges” section in your Square dashboard.

By following these steps, you can easily add a 3% service fee to your Square pricing, ensuring that you recoup the costs associated with accepting card payments and providing services to your customers.