Square POS VS Clover

Price is one reason more than 100, 000 business owners have flocked to Square. If you take a short stroll through your downtown area, you will probably notice Square processing sales in coffee shops, boutiques, quick-serve restaurants and mobile businesses. This Top Ten Reviews Gold Award-winning Revel pos documentation, manuals and payment processor provides basic point-of-sale tools and credit card processing simply in exchange for the swipe rate, and it does not even charge a minimum monthly fee. This makes it especially reasonable for those who process few sales or for those who sell seasonally.

Value

Although the Square website relates the swipe rate as 2.75 percent, the actual rate could be lower. Often business owners can qualify for lower rates based on credit scores, sales volume or other criteria. But 2.75 percent is the most you will have to pay, and Square approves most applicants. This is the only company that does not charge some kind of monthly fee or chargeback fees. However, since it does not bill chargeback fees, it may hold funds for a bit if Square notices unusual activity on your account. Many processing companies do this to manage returns or potential fraud situations.

Terms

While every credit card processing agreement requires some agreements, Square does not lock you into a long-term agreement. There are no early-termination fees to worry about, nor do you have to purchase extra hardware. Square will run on iOS and Android devices, and Square Register is designed for the iPad. Whether you use Square Register to process one payment per minute or one per year, you will not have to worry about a hidden fee showing up.

Payment Processing

This point-of-sale solution processes all types of debit and credit cards. Unlike many processors, Square does not charge higher swipe fees for processing American Express cards. Of course, it can also process cash sales and gift cards. It is not designed to process its competitor PayPal's payments. But it does support payment using the Square Wallet, and customers can place orders online. Square processes payments via Chase Paymentech, which is a product of JP Morgan Chase.