#Paypal vs venmo vs square manual#
#Paypal vs venmo vs square full#

One of the biggest differences between these two companies’ POS systems is that Square offers more business tools, such as employee management, while PayPal’s features are limited to payment. Both Square and PayPal were rated one of our top ten POS systems in 2023, but Square received a significantly higher score. In general, Square is a better option to accept in-person payments while PayPal is a better option for e-commerce and online payments. Quickbooks, SalesVu, WooCommerce, Big Commerce (and more)įirst reader is free and each additional card reader is $10įirst card reader costs $29 and $79 for each additional device

SKU IQ, Linktree, Acuity Scheduling, GoDaddy Websites and Marketing, Wix, WooCommerce, JotForm (and more) Live chat and knowledge base, no blog (24/7 phone support not specified) Live chat, knowledge base and blog, no 24/7 phone support

#Paypal vs venmo vs square manual#

Manual card entry transactions cost 3.49% plus 9 cents per transaction. Card present transactions cost 2.29% plus 9 cents per transaction. No monthly fees 2.6% plus 10 cents per transaction Plus, customers recognize the PayPal name, which makes it more likely they will follow through with payment online. The company offers more ways for customers to pay, including cryptocurrencies. Regardless, PayPal is the leading company for e-commerce. Finally, PayPal does not refund merchants the transaction fee when a customer issues a return, while Square does return the transaction fee to the merchant. Additionally, PayPal charges an extra 1.50% for international transactions while Square does not. Keep in mind that PayPal charges a $20 fee for chargebacks, while Square does not. Besides the difference in transaction fees, there are other variations in fees to be aware of. Square’s fee for swipe/chip transactions is 2.6% plus 10 cents per transaction while PayPal starts at 2.29% plus 9 cents and goes up depending on your package. No additional fees for international credit cardsĪdditional 1.50% for all commercial transactions plus fixed fee based on currency WooCommerce, Magento, Wix, BigCommerce, GoDaddy

#Paypal vs venmo vs square full#

No fee (when a merchant issues a refund, the customer receives their full payment and the merchant receives the transaction fee in return)Ĭustomers receive the full cost of service, but the merchant does not receive the transaction fee in returnĪcuity Scheduling, GoDaddy Websites and Marketing, Wix, WooCommerce, Jotform (and more) Merchants can accept all major credit cards, Venmo, pay-later options and cryptocurrencies Merchants can accept all major credit cards, Cash App, and prepayment options for appointments