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How Much Are Credit Card Processing Fees on Squarespace?

Last updated on October 1, 2022 @ 5:07 am

When you’re running a business, one of the things you have to think about is how you’re going to take payments. If you’re selling products or services online, you need to have a way for customers to pay you.

One popular option is to use a service like Squarespace. Squarespace is a platform that allows you to build a website and also provides tools for taking payments.

If you’re using Squarespace to take payments, you’ll be charged a credit card processing fee. This fee is a percentage of the total transaction amount, and it goes to the company that processes the payment.

The average credit card processing fee is around 2.9%. So, if you’re selling something for $100, you can expect to pay around $2.90 in fees.

PRO TIP: If you are considering using Squarespace for your credit card processing needs, be aware that there are fees associated with this service. While the company does not charge a monthly fee, there is a per-transaction fee of 2.9% + $0.30. Additionally, there is a 1% fee for international transactions. Be sure to take these fees into account when budgeting for your business.

You might be wondering why there’s a fee at all. After all, if you’re using Squarespace to take payments, shouldn’t they be taking care of all the fees? The answer is that credit card companies charge businesses a fee for each transaction.

This fee is called an interchange fee, and it’s typically around 1%. Squarespace doesn’t keep this fee – it goes to the credit card company.

In addition to the interchange fee, there’s also a processing fee charged by the company that processes the payment. This fee is typically around 2%. So, if you’re selling something for $100, you can expect to pay around $2 in fees.


Conclusion:
In total, credit card processing fees on Squarespace are around 2-3% of the total transaction amount. These fees go towards the company that processes the payment and the credit card company itself. While these fees may seem high, they are actually fairly typical for online transactions.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.