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Square POS is free to install. It charges a percentage per transaction, rather than a monthly fee – typically 2.6% + 10¢ for swiped or tapped card transactions, or 3.5% + 15¢ for transactions where the card number is keyed in – and provides a smart and sleek payment solution for growing business.
Square hardware costs extra. You can start things off with a free iPad-compatible card reader, though you’ll need to pay $49 for a contactless, chip or Apple Pay version – plus further costs for stands and full Square cash registers, which our research found are some of the best available.
In this guide, we’ll break down Square POS’s transaction fees, its monthly plans, and how much they cost per month, to help you understand how much the POS will set you back.
Pros
- Free to get started
- Slick and stylish hardware
- Serves businesses of all sizes and in all sectors
- Strong analytics, inventory, and third-party integrations
Cons
- Some necessary features for mid-sized businesses cost more
- 3.5% + 15¢ charge for keyed-in transactions
- Support options vary by plan
- Free to install
- No monthly fees, charges transaction fees instead
- 2.6% + 10c fees for card transactions
How Much Does Square POS Cost Per Month?
Square also offers dedicated Restaurant and Retail plans, which both cost $60 per month plus a further 2.5% + 10¢ per sale. If you don’t want to be tied down with monthly fees, Square POS also offers a free plan which free plan which charges 2.6% + 10¢ per transaction.
Scroll down for a more granular break down of Square’s pricing.
Square’s Free POS Plan
Anyone can download Square’s POS software and begin selling immediately, though you’ll likely need to grab a card reader as well (a single dongle comes for as little as $10). However, the main cost of the POS system kicks in when you make a sale.
- Square POS software is free to install – the provider doesn’t charge any fees per month.
- You can get a free Square card reader for iPhone or Android (contactless readers aren’t free)
- Square charges 2.6% of each card-based sale, plus 10 cents.
- If card payments are manually keyed in rather than processed via card reader, the charge is a little more: 3.5% of the transaction’s cost, plus another 15 cents per transaction.
- Online sales are charged at $2.9% + 30 cents per transaction.
- There are additional hardware costs depending on the setup you want (for more, see our Square POS hardware costs section)
Some software add-ons also cost an additional percentage or a small monthly fee, but the core fees we’ve listed above are charged on Square’s free POS system.
As a result, using Square POS will mean that most businesses will see a small percentage of their total monthly revenue go towards paying their POS costs, but that’s it.
For small operations, such as market stalls, food trucks, and small coffee shops, it’s a great deal – and the secret to Square’s market dominance. Most POS vendors bill for their service annually, which can be tough for a business on a budget.
For a huge operation or a business that makes many sales, the costs of using Square POS will scale up at a rate faster than most other POS services, which typically charge a set monthly fee in order to process unlimited sales.
Square’s Paid POS Plans
Square does offer upgraded plans for retail and restaurant businesses, which can be used to augment the features you already get from your free POS software.
Square for Retail Plus costs $60 per month, per location. Transaction fees are reduced to 2.5% + 10¢ for in-person sales and 2.9% + 30¢ for online sales. You get everything from the free plan, plus product exchanges, advanced inventory tools, advanced retail reports, and Square Team Management.
Square for Restaurants Plus costs $60 per month, per location as well, but you get a 30-day free trial, and it costs just $40 per month per added POS device.
In return, you get all the features from the regular free plan, plus more advanced features including advanced discounts, cash management, and the ability to open checks. You also get extra kitchen display features, including ticket routing and real-time order updates. User support also becomes available 24/7.
Large businesses aren’t out of options, however: Square Premium offers custom rates to businesses with enough sales volume to qualify. If your business processes over $250,000 in card sales and sees an average ticket size over $15, it may be eligible.
Learn more about how much a POS system could cost here.
| Plan | Price | Transactional fees | Benefits | |
|---|---|---|---|---|
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| Free | Retail Plus | Retail Premium | Restaurant Plus | Restaurant Premium |
| $60 per month | $POA | $60 per month | $POA | |
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Square’s POS Hardware Costs
Free software is all well and good, but if you’re a bricks and mortar store looking to use Square POS, it’s inevitable you’ll need to take on some Square POS hardware costs, too. You can keep these costs down by using iPad payment systems, for example – in these cases, you’ll likely only need to buy Square card readers or an iPad stand. Nevertheless, let’s look into the various costs of Square’s hardware below:
- $10: non-contactless card reader to fit iPhone/Android (you can get your first one free)
- $49: contactless card reader for chip or Apple Pay
- $299: portable terminal
- $149: iPad stand (second gen) with built-in card reader
- $579: Square stand kit
- $799: Square terminal and stand with built-in card reader
- $1,189: Square register kit
The above list isn’t exhaustive, but covers most of the main ways you can take payments on a Square POS system. See below for more on each type of Square POS hardware, and their associated costs.
| Price from The typical lowest starting price. The lowest price available for your business will depend on your needs. | Good to know | ||||
|---|---|---|---|---|---|
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| Card Reader | Contactless Card Reader | Square POS terminal | Square Stand for iPads (second gen) | Square Stand Kit | Square Register Kit |
| $10 per unit | $49 per unit | $299 per unit | $149 per unit | $579 | $1,189 |
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Square’s card reader costs
One of the most affordable ways of getting started with Square POS is to use a portable card reader, connected to an iPhone, iPad, or Android device. There are a few to choose from, though be warned that the very cheapest ones won’t work with contactless cards, or with NFC mobile phone payments such as Apple Pay.
Square POS card readers – video guide
Square’s highly recognizable little white square of a card reader can be plugged into an iPad or iPhone headset jack for a quick and easy way to accept a credit or debit card.
Square’s POS terminals and iPad stand costs
To keep your Square POS costs down, you can use the software on an iPad. This can work out cheaper than paying for a Square terminal. However, for a professional look that will impress and reassure your customers, it’s a smart move to consider an iPad stand and card reader.
Square introduced its latest generation of the iPad stand last year, with integrated contactless and chip card payments rather than requiring a separate device, and it has a better customer-facing display that lets each customer see their purchases, total, and tip all with one screen. The first-gen stand and card reader bundle cost $169 prior to 2023, but is now just $129, while the superior second-gen stand is $149.
Square’s hardware kits costs
Here’s where prices start to escalate – if you’re looking for a POS system kit, including an all-singing, all-dancing Square Register (or a register for an iPad setup) then costs can get into the hundreds, or even thousands of dollars.
Square POS Added Costs and Extras
While you can certainly get started with Square POS for free, there are numerous additional software add-ons to consider. It’s likely your business will need to factor in at least a few of these.
Some of these features (such as employee management) are essential to running a mid-size business, though a small operation likely won’t need them.
“If you’re only interested in one or two of these add-ons, Square POS likely remains the more cost-effective option.”
- Employee Management — For $5 per employee per month, you can define roles, allow clock in/out ability, set employee-specific access restrictions, and generate timecard reports.
- Square Marketing — Starting at $15 per month, you can craft and track email marketing campaigns through the Square POS system.
- Square Loyalty — Starting at $25 per month, you can create a loyalty program. Customers can enroll at checkout to receive digital punch cards and/or tiered reward levels. Customers spend 37% more after enrolment, according to Square.
- Gift Cards — Create gift cards, tracking activations, redemptions, and refunds through your POS. Physical custom cards cost 80 cents each, while digital ones come at a 2.9% + 30 cents transaction processing rate.
- Square Payroll — For $29 per month plus $5 per employee, you can run an IRS-compliant payroll system that automatically tracks and records your employees’ timecards.
Several of these features are packaged directly into other leading POS vendors’ main services, so depending on how essential these features are, you may want to weigh other POS software options more highly. However, if you’re only interested in one or two of these add-ons, Square POS likely remains the more cost-effective option.
As with any massive software company, “feature bloat” can be a concern with Square, as the service continues expanding with features that might overwhelm you more than is justified by the value they provide. Square’s software alone offers variations for 18 different industries, including Apparel, Groceries, Leisure & Entertainment, and Spas. Still, too many features is a good problem to have, and the system’s interface and abilities remain some of the best in the POS industry.
Customer feedback features
Square POS throws in a CRM system free of charge. You can use it to let customers give their thoughts on their experiences, by asking them on their digital receipt.
Managers can see the feedback paired with that customer’s transaction history, letting them know how highly to prioritize the information. They can also look at data visualizations showing which elements of their experience were the most or least satisfying. Plus, managers can respond to the feedback if they’d like, starting a private message chat with the customer in question.
Is Square POS a Good Value?
Next to PayPal by Zettle, Square is the best value POS we’ve reviewed. Our researchers were so impressed with its bang for its buck they awarded Square a perfect price score of 5/5.
Unlike other big POS names like Clover and Lightspeed, Square’s features and smart interface are made available for free. Businesses will need to cover the cost of transaction fees and hardware to get by on the platform, but these fees fall well within the industry average.
If you’re still unsure if the POS is a good pairing for you, we break down its value offering for different business sizes below:
- For solo traders – Square POS is a great solution, with low cost card readers that make it easy to take mobile payments. The 2.6% + 10 cents transaction fee keeps costs simple.
- For small businesses – Square offers great value, with a high-quality POS for a cost-effective price. Restaurants and stores will need to factor in some extra costs for Square’s hardware (see our hardware pricing breakdown).
- For large businesses – Larger businesses may not find Square quite as cost-effective, because of how added costs can mount up. We won’t rule out recommending Square, but our advice is to answer a few quick questions and get a custom POS pricing quote.
Managing a small team? See what other options are available in our small business POS guide.
Square POS Review
Square is a modern point-of-service solution designed for businesses across multiple industries. Boasting a simple, easy-to-navigate interface and an excellent free plan, the POS is currently used by 64 million businesses across the globe – and it’s not hard to see why.
Our team of researchers gave Square a perfect 5/5 score for its business management, stock management, and help and support features – a feat that no other point-of-sale we tested was able to achieve. It’s also one of the most affordable systems out there, which is why we think it’s the best POS system restaurants and retail stores can get their hands on today.
Square POS is primarily aimed toward small and medium-sized businesses, but thanks to its scalable paid plans and versatile features, the software can also be an asset to larger organizations. Unlike many other POS providers, Square also retails a range of hardware options in addition to its user-friendly software. This hardware can be bought independently or in bundles and includes devices like registers, terminals, card readers, and tablet stands.
Due to its advanced inventory tools and diverse service options, Square takes our crown for top restaurant POS, narrowly beating industry titans Clover and Zettle. However, while the system also has excellent online and brick-and-mortar selling features, it’s not strong enough to secure the top spot for retail businesses. That title goes to Vend.
Square POS: Core Features
Square offers an extremely competitive array of features. We take a look at some of them below.
Sales
With Square POS, you can accept credit and debit, contactless, and chip payments, all within seconds. It sends a digital receipt, and prompts customers to add an optional tip. If you’re on the go, Square’s card reader can plug into an iPhone, iPad, and Android phone or tablet.
You can create and send custom invoices through Square POS as well. Managers can track the status of each invoice online, see when they’ve been read, and send reminders for those that remain unpaid. Square can forecast sales, too, helping you plan for the future and set your business up for success.
Payment processing is a piece of cake with Square’s own integrated system. This means that payments won’t be lost, and you won’t have to pay two companies to do two essential business functions.
Square also accepts payments in its offline mode – useful if your internet drops out or you’re running a mobile food truck, for example.
Analytics and reporting
Square POS has class-leading analytics and reporting tools, with more than 20 detailed options for both business and staff performance.
Like most POS providers, Square tracks sales, but it also breaks them down item-by-item so managers can tell at a glance which products are out-performing expectations. Square can help you identify which payment methods are the most popular, and how discounts are performing.
Sales performances can be easily compared to performance over the past week, month, or six-month period. In addition, summary reports can be auto-delivered to managers’ emails on a daily basis.
Customer purchase histories are also monitored. Managers can track new customers against returning ones, or see the average spend per visit and average visits per month.
Square POS Setup and Customer Support
Square’s support is largely online. A database of explainers, FAQs, and user guides is available for free.
There’s also a community forum filled with real business users asking and answering questions surrounding the daily use of a Square POS system. Categories within the forum include subforums such as “New to Square”, “Hardware”, and “Product Updates”.
Phone support is available from Monday to Friday during the hours between 6 am and 6 pm, PT. However, this support is only for “active Square sellers” who can provide their 12-digit customer code in order to talk to a specialist. Specialist availability may vary, and users are encouraged to look up their issues through the support center or forum first. Email support and live chat are also available.
Support and training
Support options
Email
Phone support for active Square sellers
Huge knowledge base
Training options
Help center
No training mode
Alternatives to Square POS
Square might be our favorite POS provider on the market, but it’s far from the only choice. There are plenty of great providers, offering great options, and many with great iPad POS apps that can help.
Square is an all-rounder, and our top choice for both retail POS users and those who need a restaurant POS but we’d recommend Clover POS as a close second in both industries – it’s easy to use, with a strong range of hardware accessories and a 30-day free trial. It also has a useful customer loyalty app for driving repeat visitors.
When you compare Square vs Shopify, Shopify is the best option if you’re integrating a POS with your ecommerce online store. Zettle has the strongest free plan besides Square, making it excellent value for (no) money and Toast has the edge vs Square when it comes to Android hardware.
Check out our Toast vs Square guide to see how the POSs compare head to head.
Ultimately, it depends on your business priorities. See some of our top-rated options, below.
| Best Restaurant POS for: Tech.co's verdict to help you identify the most suitable choice for your restaurant | Price from The typical lowest starting price. The lowest price available for your business will depend on your needs. | Additional costs Any additional costs you'll need to pay to get started | User limit | Get started | ||||
|---|---|---|---|---|---|---|---|---|
| FEATURED DEAL  | |  |  |  |  |  |  |  |
| Square POS | Clover POS | Zettle POS | Shopify POS | Vend POS | TouchBistro POS | Epos Now | ||
| Best for onboarding new staff quickly | Best overall for restaurants | Great customer loyalty app | Best for food trucks | Best Android hardware | Best for ecommerce | Best for retail businesses | Best help and support | Best for a quick initial set up |
| Free (but transaction fees apply) | Free (but transaction fees apply) | Free (but transaction fees apply) | ||||||
| Additional terminals cost $50 per month | Marketing, customer loyalty, and employee management features all cost extra | Accounting integrations cost $19.95 per month | First card reader costs $29, and Zettle docking station costs $49 | Hardware costs $899+ | Shopify POS Pro is available for $89 per location, per month | Extra registers cost $49 per month | Reservations cost $229 per month, online ordering costs $50 per month | Single training costs $175 or $35 per month for unlimited sessions |
| Unlimited user limit | Unlimited — but each till requires a new license | Unlimited — but each till requires a new license | Unlimited user limit | Unlimited user limit | Single user per license across all plans | 1 (Lean) or Unlimited (Standard/Advanced) | 1 (Solo), 2 (Dual), 5 (Team) | Single user per license across all plans |
| Visit Lavu | Visit Square | Compare Prices | Compare Prices | Compare Prices | Compare Prices | Compare prices | Visit Site | Compare prices |
Looking for a new POS for your store? Learn how Square compares to the competition in our guide to the best retail POS systems.
Verdict: Should You Pay for Square POS?
Yes – if you’re a retail or restaurant business, then Square POS is an excellent solution. In fact, after testing the product firsthand and analyzing it against hundreds of data points, we think Square’s point of service is one of the best options on the market.
The software’s robust features – combined with its ease of use, and a pricing plan designed to cut down on upfront costs – make it an attractive option to small businesses everywhere. Even when you factor in Square’s paid-for hardware and sales costs, we think it still provides businesses with a great bang for their buck.
For businesses that don’t want to be tied down with monthly fees, Square’s free plan offers an excellent way to get up and running too. Basically, there’s a reason everyone uses this service, and why you keep seeing that little card reader around – we recommend getting one for yourself, too.
However, PayPal charges extra for non-US cards, charges you the original transaction fee for refunds, and charges $20 for chargebacks.
All told, Square might just come out a little bit cheaper. Plus, Square’s POS platform is stronger than PayPal Here.
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