Square
£269/mo est.
- In-person rate
- 1.75%
- Online rate
- 1.4% + 25p
- Monthly fee
- £0/mo (Free plan)
- Terminal cost
- —
- Contract length
- No contract
- Settlement time
- —
- Est. monthly cost
- £269/mo
Square
Pay-as-you-go EFTPOS and online payments with no monthly fees or contracts.
- In-person rate
- 1.75%
- Online rate
- 1.4% + 25p
- Monthly fee
- £0/mo (Free plan)
- Contract
- No contract
Best for
Small retail, hospitality, and pop-up businesses.
Pricing breakdown
All prices in GBPLast verified 19 June 2026Every fee we track, grouped by where it applies.
In-person payments
In-person terminal and tap-to-pay transactions.
- Transaction rate
- 1.75%
UK-issued cards. Same flat rate for Visa, Mastercard, Amex.
- Monthly fee
- £0/mo (Free plan)
Plus plan from £29/mo for advanced features.
- Setup fee
- Free
Online payments
Online checkout and keyed-in card transactions.
- Transaction rate
- 1.4% + 25p
UK cards online. Non-UK cards online: 2.5% + 25p. MOTO (keyed-in): 2.5%.
- Monthly fee
- £0/mo (Free plan)
Plus plan from £29/mo for advanced features.
- Setup fee
- Free
Other fees
- Chargeback fee
- Free
Square absorbs dispute admin cost (confirmed from review).
- AMEX rate
- 1.75% (same flat rate)
Same 1.75% flat for UK-issued Amex.
- International card surcharge
- +1.5% non-UK cards
Non-UK cards in-person: 1.75% + 1.5% = 3.25% total.
- Early termination fee
- None
No lock-in contracts.
- Instant payout fee
- 1.5%
Square Instant Transfers fee.
- Refund fee
- Free
- PCI compliance fee
- Included free
PCI compliance and chargeback protection included at no extra charge.
Contract terms
- Contract length
- No contract
- Recurring billing
- Yes
Via Square Invoices and Subscriptions.
Accepted payment methods
Cards, wallets, and other methods supported by Square for UK merchants.
Cards
- Visa
- Mastercard
- EFTPOS
- AMEX
- UnionPay
- JCB
- Diners Club
Digital wallets
- Apple Pay
- Google Pay
- Samsung Pay
Buy now, pay later
- Clearpay
Strengths and trade-offs
Pros
- No monthly fees
- No lock-in contract
- Next-day settlement
- Free POS app
Cons
- Higher per-transaction rate than bank-quoted plans
- No public bespoke pricing
About Square
Square offers integrated card readers, terminals and online payment processing for Australian businesses. Pricing is per-transaction with no monthly fees on the free tier.
Square was founded in 2009 and is headquartered in San Francisco, USA.
How Square compares
Side-by-side with the closest alternatives by estimated cost.
Assumes £15,000/mo volume, £50 average transaction, 70% in-person and 30% online.
Stripe
£254/mo est.
- In-person rate
- 1.4% + 10p
- Online rate
- 1.5% + 20p
- Monthly fee
- £0/mo
- Terminal cost
- —
- Contract length
- No contract
- Settlement time
- —
- Est. monthly cost
- £254/mo
SumUp
£290/mo est.
- In-person rate
- 1.69%
- Online rate
- 2.5%
- Monthly fee
- £0/mo
- Terminal cost
- —
- Contract length
- No contract
- Settlement time
- —
- Est. monthly cost
- £290/mo
Zettle
£296/mo est.
- In-person rate
- 1.75%
- Online rate
- 2.5%
- Monthly fee
- £0/mo
- Terminal cost
- —
- Contract length
- No contract
- Settlement time
- —
- Est. monthly cost
- £296/mo
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