Square: verified facts and rating
Checked 2026-11-01
Score breakdown
100% backed by facts · How we rank
Square against the market
The dot is the company, the line is the median of all companies in this ranking.
Online card fee1.8%3.5%2.9% · median 2.9%
Fixed fee per payment$0.00$0.49$0.30 · median $0.29
Chargeback fee$0.00$20.00$0.00 · median $15.00
Payout to your bank1 days3 days1 days · median 2 days
Square strengths and weaknesses
Pros
- Regulator licence with a number on the official site
- Validated under PCI DSS as a service provider
- Pay per transaction, with no monthly fee
- Money reaches your bank account quickly
Cons
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All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Online card fee | 2.9% Online API: 2.9% + 30¢ on Free, Plus and Premium plans (Online site / invoice on Free plan: 3.3% + 30¢) | squareup.com | 2026-11-01 |
| Fixed fee per payment | $0.30 2.9% + 30¢ | squareup.com | 2026-11-01 |
| Fee shown for the market | United States | squareup.com | 2026-11-01 |
| No monthly fee | Yes Free plan $0/mo. per location | squareup.com | 2026-11-01 |
| Chargeback fee | $0.00 Does Square have dispute fees? No, Square doesn’t charge any additional fees for disputes. | squareup.com | 2026-11-01 |
| Licensed by a financial regulator | Yes Licenses NMLS No. 942933; Block, Inc. holds Money Transmitter licenses | squareup.com | 2026-11-01 |
| Licence | NMLS 942933 (Block, Inc., US money transmitter licences) | squareup.com | 2026-11-01 |
| PCI DSS service provider | Yes Credentials: ISO 27001 certified, PCI Data Security Standard, Level 1 | squareup.com | 2026-11-01 |
| Founded | 2009 Square came to life in 2009 with a card reader for mobile devices | squareup.com | 2026-11-01 |
| Payout to your bank | 1 days You can transfer funds to an external bank account the next business day for free or instantly for a fee | squareup.com | 2026-11-01 |
| Countries for businesses | 8 8 countries served | squareup.com | 2026-11-01 |
| Merchant of record (handles sales tax) | Not verified | — | |
| Public company (listed, audited reports) | Yes Block, Inc. files 10-K annual reports | sec.gov | 2026-11-01 |
| Parent company | Block, Inc. | squareup.com | 2026-11-01 |
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