Square Payments: Turning every transaction into a step toward business success.
Elevate your business with Square Payments, the all-in-one platform designed to simplify transactions and streamline operations. With zero monthly fees for the basic plan, a user-friendly interface, and a plethora of features tailored for various industries, Square Payments offers unparalleled value.
Customer support
9.2
Value for money
8.9
Ease of use
9.3
Features
9.4
Pros
Flat transaction fee structure
Comprehensive feature set for various business types
User-friendly interface
Multiple hardware options
Strong online and offline capabilities
Cons
Transaction fees can add up for high-volume businesses
Some advanced features require additional monthly fees
Hardware costs can be a consideration for some businesses
Unlock the Power of Seamless Transactions and Business Management: Dive into our in-depth review to discover why Square Payments is the game-changing platform that small to mid-sized businesses can’t afford to ignore.
From zero monthly fees to a feature-rich ecosystem, find out how Square can elevate your business to the next level.
Read further to learn more about Square Payments, in our review we will detail its features, pros and cons with our rating, and a conclusion about why you should use it.
Click on “open” if you want to see exactly what we will talk about in the rest of this article.
Square Payments is a comprehensive payment processing solution that allows businesses to accept payments in various forms—be it in person, online, or remotely.
The platform offers a range of hardware options like contactless card readers and mobile payment solutions, as well as software integrations to make operations more efficient.
It supports multiple payment methods including contactless payments, mobile payments, and chip and PIN transactions.
Square Payments also offers additional features like instant money transfers to external bank accounts, real-time business analytics, and robust security measures including fraud protection and PCI compliance.
Square Payments specifications
Features
100% Customer Support / Checkout & Payments / Collect Payments Easily / Customer Data Management / Customer records / Efficient Checkout Process / Feedback Reports / Integration with Social Media Platforms
Square Payments pricing: How much does Square Payments cost?
Square Payments offers a zero-cost monthly fee for its software, charging only transaction-based processing fees. For in-person card payments, the rate is 2.6% + 10 cents per transaction, while online or keyed-in transactions have slightly higher fees.
Various hardware options are available for purchase, ranging from $10 to $799. Additionally, Square provides a range of optional add-on services with varying monthly fees, such as email marketing starting at $15/month and loyalty programs starting at $45/month.
Custom rates are also available for businesses processing over $250K in credit card sales.
Square Payments features: What can you do with it?
Square Payments offers a robust and versatile point-of-sale system designed to meet the diverse needs of any business.
From seamless payment processing options like credit cards and contactless payments to advanced operational tools for inventory management and multi-location oversight, the platform is a one-stop solution.
It also includes customer engagement features, online capabilities, and add-ons to help businesses scale and succeed. Whether you’re looking to streamline your checkout process, manage staff, or dive deep into analytics, Square Payments has a feature tailored for you.
Payments
Credit Cards: Square Payments allows businesses to accept all major credit cards like Visa, Mastercard, Discover, and American Express at the same rate. Contactless Payments: The platform supports contactless payments, making transactions quicker and more convenient for customers. Gift Cards: Businesses can offer and accept their own gift cards. Transfers: Money can be transferred to external bank accounts.
Checkout
Items and Services: Customize your checkout process by adding various items and services. Item Modifiers: Allows for customization of menu items with toppings, add-ons, or special requests. Customizable Item Grid: Organize your items in a grid for easier access. Categories: Sort items into different categories for better organization. Itemized Refunds: Process refunds on a per-item basis. Transactions: Keep track of all transactions. Offline Mode: Accept payments even when the internet is down, with transactions processed automatically once connectivity is restored. Receipts: Generate and customize receipts. Custom Tip Amounts: Allows customers to add custom tip amounts during checkout. Automatic Discounts: Apply discounts automatically based on predefined conditions.
Customer Service
Customer Directory: Store and manage customer information and engage them with free CRM software. Order Notes: Add specific notes to orders for better service. Feedback: Collect and manage customer feedback. Customized Receipts: Customize the receipts with business details and other information.
Online Features
Online Ordering: Sync your online and in-store sales and inventory. Online Checkout Links: Create and share checkout links for online payments. eGift Cards: Offer electronic gift cards that customers can purchase and redeem online. Social Media Integrations: Integrate with various social media platforms for marketing and sales.
Operations
Reporting and Insights: Access detailed reports and insights about your business. Inventory Management: Keep track of stock levels and receive low-stock alerts. Multi-location Management: Manage multiple business locations from a single dashboard.
Add-ons
Square Invoices: Send digital invoices and estimates, and track their status. Square Virtual Terminal: A feature that allows you to process payments without a physical terminal. Subscriptions: Manage and bill for subscription-based services.
Marketing
Square Email Marketing: Create and manage email campaigns. Square Text Message Marketing: Engage customers through text message campaigns. Square Loyalty: Implement a loyalty program to reward repeat customers.
Staff Management
Square Team Management: Schedule and track staff time. Square Shifts: Manage staff shifts efficiently. Square Payroll: Handle payroll within the same system.
Banking
Square Checking: Provides a business debit card with no minimum deposit and no recurring fees. Square Savings: Manage your savings within the Square ecosystem.
Each feature is designed to offer a comprehensive solution for various business needs, from payment processing to customer engagement and operational efficiency.
Choosing Square Payments can be a game-changer for small to mid-sized businesses, especially those just starting out. The platform offers a wide array of features, from seamless payment processing to advanced inventory management, all without any monthly fees for its basic plan.
The software is incredibly user-friendly and can be customized to fit the specific needs of your business, whether it’s retail, restaurant, or service-based. Square also provides various hardware options, making it a versatile choice for both in-person and online transactions.
Pros
Flat Transaction Fee Structure: The platform has a transparent, flat-rate fee structure for transactions, simplifying budgeting and financial planning.
Comprehensive Feature Set: Whether you’re in retail, food service, or another industry, Square has a wide array of features to meet your specific needs.
User-Friendly Interface: The software is designed to be intuitive, making it easy for both employees and managers to navigate.
Multiple Hardware Options: Square provides a variety of hardware options to suit different business needs, from mobile card readers to full-fledged POS systems.
Strong Online and Offline Capabilities: The system works seamlessly both online and offline, ensuring that you can make sales and manage your business anytime, anywhere.
Cons
Transaction Fees Can Add Up: For businesses with high transaction volumes, the flat-rate fees can accumulate and become a significant expense.
Additional Fees for Advanced Features: While the basic plan is free, some of the more advanced features require a monthly subscription fee.
Hardware Costs: The initial investment in Square’s hardware options can be a consideration for businesses on a tight budget.
