Square uses pounds sterling and doesn’t support multiple currencies directly. When a customer uses a different currency, other than sterling their bank handles the conversion at their exchange rate, and Square charges its standard processing fees.
Here’s a breakdown:
- SoukUk Shop Online purchasing:: Square processes payments in the currency of the country where business account is registered and therefore as SoukUk is based in the UK it process payments in GBP.
- Customer’s Currency: If a customer uses a different currency to make a purchase, their bank will convert the amount to SHOP ONLINE registered currency using their exchange rate.
- Fees: Square charges its standard processing fees for all transactions, regardless of the currency. Square’s online card payment charges for UK cards are 1.4% + 25p per transaction, while for non-UK cards, the charge is 2.5% + 25p per transaction. These fees apply to transactions made through Square Online, Online Checkout, and the eCommerce API. There are no additional fees for using Square’s online payment products.
- No Direct Currency Conversion: Square does not perform direct currency conversion between currencies. The customer’s bank handles the conversion, and Square charges its processing fees on the converted amount.
- Square Online payment processing: capabilities are specifically available in the following countries: United States, Canada, Australia, Japan, United Kingdom, Republic of Ireland, France, and Spain.