Square charges on product, shipping, and tax charges

[DecoDean]

Hello! I am totally new to this system and have a quick question:

I am planning on opening a small Online Store front on Square using the free platform. 

I will be selling a $10 product that has a $15 flat rate shipping charge for a total of $25 per sale.

A) True or False:
When a sale is made, the only charge I will incur from Square will be 2.9% + 30¢ per transaction.

So, in the above example, the only charge from Square will be

    72.5¢  for the product + shipping

 + 30.0¢ addional Square fee

= $1.02 1/2¢ per transaction

B) Does Square apply the same 2.9% rate to any (state) taxes for taxable transactions?  For instnace, if the above transaction had a 7% state tax on the item, would I have to pay Square an additional $0.02 for the 7% tax on the $10 product cost?

Thank you!!

[Max]

Hi @DecoDean, welcome to Square!

The answer to both of your questions is yes.  The Square percentage applies to everything: item price, tax on the item and shipping.

Your calculations look sound.  Of course, there will be rounding with some transactions due to franctions of cents.

Cheers, Max

[DecoDean]

Thank you Max! Sorry for the ultra late response...the project went into darkness for a few months!