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Square vs. PayPal Here
Compare tools and pricing for two big names in on-the-go payment processing popular with small businesses.
While Square may have pioneered point-of-sale (POS) payment processing in 2009, it’s not the only fish in the pond. PayPal Here launched in 2012, equipped with its own card reader and app to accept mobile payments. Both payment services have similar price points per transaction, but the extra features set them apart.
How do Square and PayPal Here compare?
|Which should I choose?||Choose Square if you’re a small business processing less than $250,000 annually||Choose PayPal Here if you’re a small business that needs a mobile POS.|
|Overview||A good option for merchants that need a full hardware lineup.||A good option for venders that want a straightforward, standard POS system.|
|Price starts at||2.6% + 10¢ for payment processing, POS software included||2.7% per transaction|
|Processing time||Next day||Same day with a linked PayPal Business Debit Mastercard|
|High-risk merchants accepted?||No||Yes|
|BBB letter rating||A+||A|
|Not yet rated|
|Reputation and customer reviews||Reviews are mixed while some customers praise a smooth onboarding process, others complain about difficulty getting in touch with its support team.||Reviews from Google Play and the App store are mostly positive. Customers praise quick transaction processing, while others complain about software login errors.|
Square can help you manage your small business if you need a variety of payment-processing platforms on an integrated POS system. But if you’re only looking for a streamlined on-the-go POS system, PayPal Here may be a better option.
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