There is also a Premium plan with custom pricing, which has the same features as the Plus plan, but with lower costs to suit businesses processing over $250k per year.
Businesses on the Free plan can accept any Visa, Mastercard, eftpos and American Express card (including Apple Pay, Google Pay and Samsung Pay) for 1.9% per transaction through Square Reader or 1.6% through Square Terminal.
Apart from the extra POS features, merchants get a lower Square Reader rate for chip, tap and swipe transactions on the Plus subscription: 1.6%.
Payments through Square Online, payment links, email invoices and purchases of e-gift cards online cost 2.2%. If your customer buys an e-gift card in-store, you only pay 1.9%.
All other keyed transactions are 2.2% as well, including for cardholder-not-present transactions in the Virtual Terminal and keyed in at the POS checkout.
Standard settlement in your bank account in 1-2 working days is free. Chargebacks and refunds are free to process with Square, and there is no minimum monthly turnover requirement.
Square Reader that connects to the POS software costs just $59 (including GST). The standalone EFTPOS machine, Square Terminal, is more expensive at $329 (including GST).