Send invoices via squ11/10/2023 ![]() References to the new subscription have also already made their way to the Square app’s code, where they were spotted by iOS developer Steve Moser. But the company didn’t want to share more details until the news is official. Reached for comment, a Square spokesperson confirmed to TechCrunch Invoices Plus is a software subscription the company plans to announce shortly. ![]() With Invoices Plus, the employee noted, the company aims to compete more directly with paid invoicing apps and products and the more advanced features those products offer. (Square on Tuesday told us that portion of the statement was incorrect, and had been removed.) And although Square charges processing fees for Square Invoices, they aren’t enough to fuel its product development, the employee said. They noted that many of Square’s other products - like Square Online, Appointments, Square for Retail and Square for Restaurants - also offer both a free and paid tier. (Fees are slightly lower on in-person transactions and slightly higher for “card on file” transactions.) Pricing for the new, paid subscription has not yet been publicly announced.Ī Square employee had explained the reasoning behind the change on the community forum site. At present, this is 2.9% + $0.30 per invoice paid online by check or debit card plus a 1% fee per ACH transaction, per Square’s website. The free plan has historically relied on processing fees to generate revenue.
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