![]() However, either you or a colleague needs some coding experience to integrate this version of PayPal with your current site. With this plan, you have the option to accept 25 currencies from over 200 countries and take phone payments. PayPal Payments Pro is more flexible and gives you access to a virtual terminal. Unfortunately, it isn’t very customizable and doesn’t include access to a virtual terminal. PayPal Standard takes 15 minutes to integrate with your online shopping cart. PayPal: PayPal offers two payment processing plans, Standard and Payments Pro. Square offers four simple monthly plans.Square’s most expensive plan, Premium, is appropriate for large stores that process a high volume of transactions. Each plan includes an increasing spread of features, like abandoned cart tools, lower processing rates per purchase and discounted shipping. Square: Square offers four plans, ranging from free to $72 per month.This will help you understand the pros and cons of each service, and see which is the right fit for your business. Let’s take a closer look at both Square’s and PayPal’s standout features. Here are PayPal’s most important features: You’ll also need to keep an eye out for extra paid services, like fraud monitoring and recurring payments. Unfortunately, PayPal charges for certain items that you’d receive for free from Square – like a virtual terminal – and chargeback fees. Connection with a third-party merchant account, if necessary.Free business tools, including a POS app.Free magstripe reader with your account.Here are some of Square’s most important features: The company charges the same online transaction rates as PayPal, but Square doesn’t work with certain high-risk merchants – like gambling enterprises – so it’s not the right fit for every business. All new users receive a free magstripe reader and POS app for mobile devices. Square’s selection of hardware can’t be beat, including its dual-screen register and mobile card reader. You’ll need to either provide your own or sign up with one of Square’s partnered merchant account services. However, Square doesn’t offer merchant accounts. It is a particularly good option if you run a brick-and-mortar store, thanks to its variety of hardware options. Square is a payment processing service that provides credit card processing and POS terminals. PayPal accepts online payments in various currencies.īoth have flat-rate pricing for individual transactions.īoth have good integration options with third-party platforms.īoth provide online and in-person POS hardware solutions. Not sure where to start your comparison of Square and PayPal? Take a look at this chart for a bird’s-eye view of the providers’ similarities and differences. In this article, we’ll break down the pros and cons of Square and PayPal so you know which credit card processing service you should choose and why. PayPal focuses on online transactions and even allows you to accept some forms of crypto payment. ![]() ![]() Square focuses primarily on companies that offer in-person transactions and may also have online stores. Whether you should use PayPal or Square largely depends on what you’re looking for. Two of the most popular picks on the market are PayPal and Square. But to accept credit cards, debit cards, and even cryptocurrency transactions, you’ll need a credit card payment processor, an online cart or top POS system, and a merchant account.Ĭhoosing between different credit card processors can be overwhelming because there are so many great options available. If you run an online business, you need a way to accept customer payments.
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