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Square contract and early termination fee

We use the same template for every processor we compare, so you can put contracts side by side. Each line shows its source and the date we checked it.

Same template for every vendor
Square contract and early termination fee
TermDetail
Initial termMonth to monthSquare (opens in a new tab) · Vendor website ·
Automatic renewalDoesn't renew automaticallySquare (opens in a new tab) · Contract or terms · Month to month, with no renewal term.
Notice to avoid renewalNot needed: it doesn't renew automatically
Early termination fee (ETF)No early termination fee. Subscription fees already paid are not refunded.Square Support Center (opens in a new tab) · Vendor website ·
How the ETF is calculated
The terms don't set an early termination fee.
Right to raise pricesSquare may change its processing fees with reasonable advance notice (Payment Terms §4), and its terms at any time with the notice it considers reasonable (General Terms §2).Square (opens in a new tab) · Contract or terms ·

Example: leaving in month 12

With our reference profile (Reference: $30k/month in card sales, $35 average ticket, 90% in person, 1 terminal, 12 months), the estimated early termination fee would be $0. Your contract may differ: use the calculator with your numbers.

Card processing cost calculator

This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.

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