PayPal vs Square – Comparing Paypal & Square Products, Similarities, Benefits

Filed in Online Account by on March 3, 2020 0 Comments

PayPal vs Square – Comparing Paypal & Square Products, Similarities…

PayPal is an online payments trusted powerhouse that is meant for those runs an online store, it serves as a payment provider.


If you sell your product online you could appreciate having

PayPal as a payment option, and PayPal’s secure system integrates with virtually all ecommerce platforms.

This platform is for both buyers and sellers. In comparing PayPal and Square you will find out that they both offer numerous product options

consisting of point of sale system, online processing, invoicing a lot more.

Although they both offer your business with almost the same functions with their mobile point of sale system.

Both have different features and services that may you may like.

PayPal vs Square

PayPal is an online payment system that supports online money transfer and is widely accepted as a payment method while the square is a financial service, merchant service, and mobile payment company. 

Square and PayPal, both offer a variety of products include point of sale system.

PayPal Product Offering

PayPal here is a payment app, essentially a mobile POS that can be paired with different card readers.

Although PayPal offers its payment processing services through third-party POS providers.

As a result, comparing Square vs. PayPal, the equivalent to Square’s POS software would be PayPal Here.

Features of PayPal


PayPal implies a mobile POS app that when paired with a card reader allows you to process in-person payments through a smart device and with the free PayPal Here app,

with the PayPal one will be able to customize business profile and receipts, record cash and check the transaction and send invoices.

Also create a product list with pictures and descriptions which will mean quicker easier checkout processes for employees and customers.

With the appp, you can set up employee roles and permissions within the app, as well as track sales by product, time and employee.

The Benefits of Paypal Products

Here, are some benefits of using a PayPal product;

·   Free to Apply – This app can be downloaded from the Google play store and Apple app store.

Create an account and set it up. It is costless and does require payment while creating.

Payments are made when you start reading cards and accepting contactless transactions.

·   Easy connectivity. This app offers a dongle that connects to a device audio jack for easy mobile payment processing.

It also has card readers that can connect via Bluetooth to compatible smartphones or tablets.

·   Multiple payment options. It offers multiple card reading devices to accommodate various business models.

·   Chargeback protection. When you set up their account, they are given the opportunity to state their return policies and their card statement name to minimize chargeback cost.

How Does Processing Fee for PayPal Here Work?

PayPal Here charges payment processing fees based on how you process a given payment.

Here, the PayPal Here vs. Square fees are not that different from one another.

For transactions you manually enter, you’ll pay 3.5% of the transaction value, plus $0.15 for each transaction. For payments you process through a

PayPal Here mobile card reader, you’ll simply have to pay 2.7% of the transaction value.

To invoice a customer through PayPal Here, you’ll have to pay 2.9% of the invoice value, plus $0.30 per invoice.

Lastly, if a transaction involves a cross-border transfer, then you’ll have to pay an additional 1.5% of the transaction amount.

Square Product Offering

Square offers a whole number of different products. But we will be talking about square POS which is similar to PayPal.

below are the features of square Pos and its benefits check the one that best suite your business.

Features of Square POS

Square point of sales has everything you need to grow your business from your iOS device.

·   Accepts Visa, MasterCard, Discover, and AMEX

·   Customer pay, tip, and sign right at your device.

·   Record cash, gift cards and other forms of tender.

·   You can customize your products with photos.

·   Apply discounts and issue refunds.

Benefits of Square POS

Here are the benefits of Square POS.

·   No hidden fees.

·   You can use offline mode when there is no Wi-Fi.

·   Fast payments.

·   Accepts payments on any device.

·   No costly software upgrades or IT maintenance.

How Does Processing Fee for Square POS Payment Work?

The ultimate Square fees for using their point of sale depend on a few factors.

For manual card entry with a virtual terminal, Square charges 3.5% of the transaction value, plus $0.15 per transaction.

For payments that you process through any piece of Square hardware, you’ll pay an even2.6% plus $0.10 of the transaction value. Additionally, if

you use Square for Retail you’ll pay 2.5% plus $0.10 per transaction, whereas with Square for Restaurants you’ll still pay 2.6% plus $0.10. 

Why you Should Use Square as Means of Payment

Squre is recommended for businesses and individual sellers with the desire for low-cost to sell anywhere, they accept all types of payments, and as well manage vitually everything in a centralized POS system

Like: In-store retailers, Sellers using mobile devices to accept payments, Service providers sending invoices or using automated payments,

Ecommerce store owners, Multichannel sellers that combine in-store, online, and mobile sales

Once you are using square, with your free Square account, to got access to all payment options plus a full suite of inventory, sales, customer, and employee management tools.

You even get a free magstripe credit card reader upon signing up. If you’re looking for a payment solution that lets you start with zero cost, supports all

types of sales, and helps you manage your entire business, Square is the best solution for you.

All you need to spend here are your credit card processing fees, and Square’s are competitive with PayPal. What sets Square ahead of PayPal is

its feature-packed POS software that lets you manage every aspect of your business for free including inventory, sales, employees, customers, and more.

Visit Square

Why You Should Use Paypal as Means of Payment

Lot can be done with PayPal aside online selling. PayPal  is a mobile payments service enable you accept payments using mobile

devices and even set up in-store checkout registers with approved third-party hardware.

PayPal provide virtual terminal and recurring payment options, but both come with monthly costs, unlike Square, which provides them for free.

If you sell online and use your ecommerce platform or an order management system to manage inventory, sales, and customers, PayPal’s POS will not be a problem to you.

Thus, once you want to tie together brick-and-mortar, online, mobile, and other types of sales under one point, Square’s free POS is better of to PayPal’s.

Visit PayPal

Hope this was helpful, thanks for your time…

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