Square Fee Calculator United Kingdom (2026 Updated Rates)
Square UK keeps pricing simple: 1.75% for in-person chip & PIN and 2.5% for online or keyed payments — with no fixed per-transaction fee, which makes small-ticket sales unusually cheap.
Fee breakdown
| Platform | Total fees | Net | vs here | |
|---|---|---|---|---|
| Square (this page) | £2.50 | £97.50 | baseline | |
| Wise | £0.93 | £99.07 | +£1.57 More 🟢 | PK → |
| Stripe | £3.20 | £96.80 | −£0.70 Less 🔻 | PK → |
| Shopify | £3.20 | £96.80 | −£0.70 Less 🔻 | |
| PayPal | £3.98 | £96.02 | −£1.48 Less 🔻 | PK → |
| Lemon Squeezy | £5.50 | £94.50 | −£3.00 Less 🔻 | PK → |
| Gumroad | £13.70 | £86.30 | −£11.20 Less 🔻 | PK → |
Square fee quick reference (2026)
| Amount | Total fees | You keep | Take rate | Charge to net it |
|---|---|---|---|---|
| £10.00 | £0.25 | £9.75 | 2.5% | £10.26 |
| £25.00 | £0.63 | £24.37 | 2.5% | £25.65 |
| £50.00 | £1.25 | £48.75 | 2.5% | £51.29 |
| £100.00 | £2.50 | £97.50 | 2.5% | £102.57 |
| £250.00 | £6.25 | £243.75 | 2.5% | £256.42 |
| £500.00 | £12.50 | £487.50 | 2.5% | £512.83 |
| £1,000.00 | £25.00 | £975.00 | 2.5% | £1,025.65 |
Square fee formula & hidden costs
payment processing 2.50% + £0.00
Worked example: £100.00 gross → £2.50 fees → £97.50 net. Reverse gross-up: charge = (target + fixed) / (1 − rate) → to net £100.00 charge £102.57.
Hidden fees to watch
- Keyed-in and card-on-file payments cost 3.5% + $0.15 — the most expensive Square channel.
- Afterpay/BNPL orders cost 6% + $0.30, more than double the online card rate.
- Square keeps the processing fee when you refund a customer.
- Instant transfers cost 1.75% of the transfer amount (standard next-day deposits are free).
- Square Payroll, Loyalty and advanced POS tiers bill separately from processing.
How to pay less in Square fees
- Use the reverse calculator to pass fees to the client explicitly instead of eating them.
- Batch small orders — fixed per-order fees dominate sub-$10 transactions.
- Avoid currency conversion inside the platform; settle in your own currency via a multi-currency account.
- Compare QuickBooks — Small-business accounting and self-employed tax tracking.
Frequently asked questions
What is the Square fee on a £100 sale in United Kingdom (£)?
On a £100.00 sale, Square deducts £2.50 total fees, leaving £97.50 — an effective take rate of 2.5%.
How much should I charge to receive exactly £100 after Square fees?
Charge £102.57: the £2.56 fee leaves exactly £100.00 net. Use the reverse tab above for any target.
What is the Square fee formula in United Kingdom (£)?
payment processing 2.50% + £0.00. 2.5% online / 1.75% in person. All figures verified 2026-11-10 against the official pricing page.
Does Square refund fees when a buyer is refunded?
No — Square keeps the original processing fee on refunds, so a full refund on a £100.00 sale costs you about £2.50.