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Square Calculator
Compare Square vs. Merchant Account fees and save your business some money
Square Account Fees
Merchant Account Fees
Among all the options for credit card processing out there, choosing between Square and a merchant account can be downright confusing. As always, FeeFighters brings you unbiased answers with the calculations laid out so you can make the best decision for your business.
Put down your spreadsheet and use this nifty tool to figure out which is the best option for your business.
$30
$4,000
Square Account Fees $-.--
Percentage Based
| Flat fee | 2.75% |
|---|
2.75%
Per Transaction
| Flat fee | $0.30 |
|---|
$0.30
Monthly Fee
$0.00
iPhone Costs
| iPhone/Android Purchase (over 2 years) | $0.0 |
|---|---|
| AT&T Monthly Fee | $60.00 |
$0.0
Total $-.--
Merchant Account Fees $-.--
Percentage Based
| Average Interchange fee | 1.84% |
|---|---|
| Assessment fee | 0.11% |
| Processor markup | 0.15% |
2.08%
Per Transaction
| Average Interchange fee | $0.1226 |
|---|---|
| NABU / APF | $0.019 |
| Processor markup | $0.13 |
$0.27
Monthly Fee
$20.00
Terminal Costs
| Wireless Nurit 8000 (over 2 years) | $16.67 |
|---|---|
| Wireless Monthly Fee | $15.00 |
$0.27
Total $1204.7
Square Account Details
- Quick signup process
- Uses an iPhone or iPad
- Simple fixed-rate pricing
- Feature-rich interface with emailed receipts
- Acts as both processor and gateway
Merchant Account Details
- Customizable to meet your needs
- Saves money with merchant specific interchange rates
- Negotiable fees
- Proven technology for processing many transactions
- Supports variety of devices
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