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💳 Pricing Alert • January 2023

Square Raises Processing Fees: Impact on Your Bottom Line

The $0.10 per-transaction addition hits coffee shops and small-ticket businesses hardest

2.6%+$0.10
New Rate
77%
Fee Increase for $5 Sales
$600/mo
Extra Cost for Cafés
💰 Fee Impact by Business Type
Business TypeAvg TicketOld FeeNew FeeMonthly Impact (200 tx/day)
☕ Coffee shop$5$0.13$0.23+$600/mo
🍔 Quick-service$15$0.39$0.49+$600/mo
🛍️ Retail$50$1.30$1.40+$600/mo
🍷 Restaurant$100$2.60$2.70+$600/mo
🔄 Alternatives to Consider
ProviderRateBest For
Toast2.49% + $0.15Restaurants
SpotOn1.99% + $0.25High-ticket
CloverVaries by resellerFlexible
⚠️ For businesses with average tickets above $30, the impact is minimal. Don’t switch providers over $3/day in fees — the hassle isn’t worth it.
🔑 Key Takeaway: High-volume, low-ticket businesses (coffee shops, bakeries) are hit hardest. Compare rates if your average sale is under $15.


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