How do I add a convenience fee on Square?

Adding Convenience Fees with Square: A Step-by-Step Guide

Square, a popular payment processing solution, offers a convenient way to add service charges to your transactions. This feature can help businesses recover processing costs and improve profitability. Here’s a step-by-step guide on how to add convenience fees on Square:

Step 1: Access Your Square Account

• Log in to your Square Online Dashboard at dashboard.squareup.com.
• Click on “Account & Settings” located in the top right corner.

Step 2: Activate Service Charges

• Under “Settings,” select “Payment Processing.”
• Scroll down to the “Service Charges” section and toggle the button to “On.”

Step 3: Create a New Service Charge

• Click on “Create Service Charge.”
• Enter a descriptive name for the charge (e.g., “Convenience Fee”).
• Choose between a fixed amount (e.g., $0.50) or a percentage (e.g., 2.5%).

Step 4: Customize and Assign

• Set a minimum order amount for the charge to apply (optional).
• Choose the locations where you want the charge to be applied.
• Save your changes.

Step 5: Enable for Checkout

• Return to the “Payment Processing” settings.
• Select “Checkout Options.”
• Toggle on the “Service Charges” option.

Step 6: Display on Transactions

• Customers will see the convenience fee listed separately on their receipts.
• It will appear under the “Service Charges” line item.

Benefits of Using Convenience Fees:

• Recover Processing Costs: Offset the fees charged by payment processors.
• Improve Profitability: Generate additional revenue without increasing product or service prices.
• Streamline Transactions: Automate the application of charges, saving time and reducing errors.

By following these steps, you can easily add convenience fees to your Square transactions, enhancing your payment processing efficiency and profitability.