If you’re connecting the terminal to other hardware, you’ll need the Hub for Square Terminal costing £29 + VAT.
In Square’s store, you can buy the following compatible accessories:
- Countertop mount: £15 + VAT
- Belt clip: £45 + VAT
- Barcode scanner: £74.99 + VAT
Transactions cost a fixed rate, 1.75%, for all chip, contactless and swipe card payments through the terminal regardless of card brand, country of issue or whether it is premium. All key-in payments through the terminal, Square Invoices or Virtual Terminal cost 2.5% per transaction. Ecommerce transactions via the online store or payment links cost 1.4% + 25p for European cards and 2.5% + 25p for any other cards.
Refunds are free to process and chargebacks incur no admin fees. You even get free payment dispute support from the Square team, in case a chargeback should incur.
Transactions are automatically cleared – for free – in your bank account within 1-2 working days. If you want the money faster, you can activate Instant Transfers in your account and a 1% transaction fee will be added to the card rate – you then receive the money in your bank account nearly instantly (within a couple of hours). For example, for chip and PIN cards, you pay 2.75% per transaction with Instant Transfers.