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Square Payments vs Paypal

Square Payments vs Paypal
Table of Contents:
December 9, 2023

The main difference between Square Payments and Paypal is that Square Payments has multi-language feature but Paypal has only an English language feature.

In this versus, we compare Square Payments vs Paypal in-depth to help you choose one of them. If you want to know more details, we recommend you to read our Square Payments review and Paypal review.

However, you can also directly find the Best Payment Gateway, we list them by ranking (based on our review rating), you can find all the comparisons we made and we explain how you should choose the proper one.

Here is what we will talk about in the rest of this article:

Table of contents open

Quick overview

Square Payments vs Paypal at a Glance

To make your choice quick and efficient, here is a short summary about our comparison of Paypal vs Square Payments. Find out their ratings, features, prices and then discover the winner of the versus.

Pros and Cons comparison

9.2
Square Payments Review, Pricing, Features with Pros and Cons

Square Payments Review, Pricing, Features with Pros and Cons

In this Square Payments review, you’ll find more information about its features, pricing, pros and cons and why you …
Visit Square Payments
Read full review
Average Score 9.2
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
Visit Square Payments
9.2
PayPal Review – Payment Processor, Digital Wallet and Money Management

PayPal Review – Payment Processor, Digital Wallet and Money Management

In this PayPal review, you’ll find more information about its features, pricing, pros and cons and why you should …
Visit PayPal
Read full review
Average Score 9.2
Customer support
8.9
Value for money
9.1
Ease of use
9.3
Features
9.5
PROS:
  • Consumers' reliance on email and chat support
  • User interface with ease of use
  • Multiple cost levels are offered, which is beneficial for low-volume merchants
  • Numerous integrations
CONS:
  • Financial stability issues
  • Extra cost for options like credit card
Visit PayPal

Specifications comparison

DetailsSquare PaymentsPaypal
Features100% Customer Support / Checkout & Payments / Collect Payments Easily / Customer Data Management / Customer records / Efficient Checkout Process / Feedback Reports / Integration with Social Media PlatformsMultinational Transmission of Money / PayPal Checkout  / Popular Mobile Payment System / Secure Platform / Utilization Made Easier with Money Pool
Best suited forSmall businesses, Mid size businessesIndividuals, Freelancers, Small businesses, Mid size businesses, Large enterprises
Website languagesEnglish / French / Japanese / SpanishEnglish
Website URLVisit official websiteVisit official website
Support linkSupport pageSupport page
Support emailcontact@paypal.com
Live chatYesYes
Company addressUnited States2211 North First Street San Jose, California 95131
Year founded20091998

Pricing comparison

Compare the price between Square Payments vs Paypal

Find out which software has the best valuable pricing, which one offers a free trial and money back guarantee.

Pricing comparisonSquare PaymentsPaypal
Pricing rangeFrom 2.6%+10 cents per transactionFrom $0.99 to $4.99
Pricing typesFree / Pay-per-useCommission based
Free planYesYes
Free trialNoNo
Money back guaranteeNoNo
Pricing page linkSee plansSee plans

Square Payments Pricing details

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 pricing

Software Fees

  • Monthly Fee: $0 (No contracts, no setup fees, no hidden fees)
  • Transfers: As soon as the next business day
  • Account Takeover Protection: Included
  • Fast Online Sign-up: Included
  • Free Square Reader for Magstripe: Included
  • End-to-End Encrypted Payments: Included
  • Live Phone Support: Included
  • Free Square Point of Sale App: Included
  • Active Fraud Prevention: Included
  • Dispute Management: Included

Processing Fees

  • Card Present: 2.6% + 10 cents per transaction
  • Card Not Present: 2.9% + 30 cents per transaction
  • Keyed In: 3.5% + 15 cents per transaction
  • Custom Rate: Available for businesses that process $250K+ in credit card sales

Hardware Costs

  • Square Terminal: $299
  • Square Register: $799
  • Square Stand Mount: $149
  • Square Reader for Contactless and Chip: $49
  • Square Reader for Magstripe: $10

Add-on Services

  • Square Team Management: Starting at $0/mo.
  • Square Email Marketing: Starting at $15/mo.
  • Square Loyalty: Starting at $45/mo.
  • Square Payroll: Starting at $35/mo. + $5 monthly fee per person paid
  • Afterpay: 6% + 30 cents per transaction
  • Square Invoices: Starting at $0/mo.
  • Square Online Checkout: Starting at $0/mo.
  • Square Virtual Terminal: Starting at $0/mo.
  • Square Online: Starting at $0/mo.
  • Square Text Message Marketing: Starting at $10/mo. + messaging rates
  • Square Customer Directory: Starting at $0/mo.
  • Square Checking: No fees
  • Square Savings: No fees
Visit Square Payments official website

Paypal Pricing details

PayPal has versatile options for payments and transactions depending on the currency and location. A few important dates and percentages on financial transactions and donations like Domestic, International have been incorporated below.

PayPal Pricing

The standard rate for receiving domestic donations:

  • Donate Button: 2.89% + fixed fee
  • PayPal Fundraisers (Listed Fundraisers): 2.99%
  • PayPal Fundraisers (Unlisted Fundraisers): No Fee
  • PayPal Checkout for Donations: 2.89% + fixed fee

Additional percentage-based fee for international donations:

  • All Donations of 1.50%

Sending domestic personal transactions:

  • PayPal balance or a bank account: No fee
  • Cards: 2.90% + fixed fee
  • Amex Send™ Account: No fee

Sending international personal transaction fee:

  • PayPal balance or a bank account: 5.00%

A minimum international fee of 0.99 USD

A maximum international fee of 4.99 USD

  • Cards: 5.00%

A minimum international fee of 0.99 USD

A maximum international fee of 4.99 USD

  • Amex Send™ Account: 5.00%

A minimum international fee of 0.99 USD

A maximum international fee of 4.99 USD

Visit Paypal official website
Square Payments vs Paypal
Square Payments vs Paypal

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