Using Square?
Overview of Square
Square operates in the UK with simple pay-as-you-go pricing, a low-cost reader and an integrated point of sale. It is widely used by independent retail, hospitality and personal service businesses that want one supplier for payments and POS.
Headline pricing is straightforward, but the effective rate paid each month depends on card mix, refunds and any add-on subscriptions in use.
Common fees businesses should check
Applied to all card payments via the reader or virtual terminal.
Usually a one-off purchase.
Optional POS, marketing and loyalty bundles.
Want us to check these fees on your Square statement?
Start free reviewContract terms and considerations
- Core card acceptance is typically contract-free for the reader itself.
- Add-on subscriptions have their own terms and renewal cycles.
Exit fees and early termination
- There is usually no formal exit fee on the core reader product.
- Always cancel any add-on subscriptions separately.
We never guarantee to pay your exit fees or that you can be released from a contract. Any support with exit costs is dependent on selected alternative providers, is subject to approval and is only considered when switching makes clear financial sense.
Common reasons businesses request a review
- Steady monthly turnover that may justify a managed account.
- Add-on subscriptions are no longer being used.
- Owner wants to benchmark Square against an Interchange Plus quote.
Frequently asked questions
Will reviewing my Square statement contact Square?
No. We never contact your current provider without your written permission. The review is private and entirely for your information.
Do I have to leave Square after the review?
Not at all. Many reviews end with the business staying on a renegotiated rate, or with confirmation that the existing setup is reasonable. You are under no obligation to switch.
How long does a Square statement review take?
Most reviews are returned within a few working days once we have a recent monthly statement.
What does the review actually check?
Transaction rates, terminal rental, PCI fees, authorisation fees, monthly minimums, settlement timings, contract length, exit fees and any hidden extras specific to your account.
Get an independent view on your Square setup
We check your rates, contract terms, exit fees and whether more suitable provider options may exist. No obligation. No provider contacted without your permission.
Or submit the form and we'll email you for it.
Related providers
SumUp
A pay-as-you-go card payments provider widely used by sole traders, market stalls and small businesses across the UK.
Zettle
PayPal-owned pay-as-you-go card reader and POS system, popular with small UK retailers and hospitality businesses.
Dojo
A UK-focused card payments provider known for next-day settlement and modern terminals, often used by hospitality and retail.
Related reading
How Card Payment Pricing Works in the UK
Blended, Interchange Plus, IC++ and pay-as-you-go pricing explained, with the trade-offs each model brings.
Card Payment Costs For UK SMEs
A realistic look at what UK small businesses typically pay to accept card payments - and where the cost most often hides.
How To Compare Merchant Service Providers
A structured framework for comparing UK card payment providers on more than just the headline rate.