“The Square Credit Card Processing Review Online”
So it really comes down to three things. First, will you benefit from the added features supported via ShopKeep? If not, consider Square. Second, can you afford to pay a little bit extra for ShopKeep fees and potentially more for processing fees? If not, point for Square. And lastly, are you able to risk your funds being withheld with Square? If not, seriously consider ShopKeep. While chances are that you won’t have any issues if you go with Square, it’s important to be prepared for the possibility since the probability of an occurance is greater when you use Square.
Too bad, this company sounds just like a clearing house. Processing payments takes time and they really do take their time. And yes they do get interest on the holding money in accounts besides the interest charges they get up front. That’s why it takes at least thirty days for them to transfer funds to their clients accounts. Also on suspicious charges they will hold them for a period of time, but at some point they must be released or process them. Most card processing company’s-example AmEx will contact the card holder of the charge to be sure it is a valid purchase. It’s a way of protecting the company from fraud loss. But to hold funds with no contact to the card holder or their client’s the merchant I believe has some really big drawn backs. I would strongly suggest that merchants use a different source or company for processing purchase payment transactions.
Unfortunately Square does not offer recurring payment solutions. What you need is a provider offering a payment gateway that features a web-based virtual terminal and recurring payment/card vault functionality. This will allow your reps to enter the card info directly into the virtual terminal via a smartphone or laptop in the field. Any of our featured providers will be able to accommodate this. Each recurring entry is given a unique ID (not just for the transaction, remains consistent for each recurring cycle).
It’s not that Square doesn’t offer customer support. In fact, the company offers a wide range of help resources, including phone, email and Twitter support. There is also a searchable Support Center that hosts a collection of articles, videos, frequently asked questions and how-to guides that cover everything from the basics of using Square to specific features, hardware, banking issues and more. The sales rep we spoke with added that there is a self-service portal where you can perform certain tasks by yourself, such as order equipment and handle banking issues.
Link your Square account to a U.S. bank account. Enter your banking information, and Square will make 2 small deposits. When the deposits appear on your statement, which may take 2 to 3 business days, log in to squareup.com again and enter the amounts to verify your information.
It takes time to get the money to your bank sometimes up to 2 business days, especially on weekend sales. It’s Monday. Have patience. I got my email this morning for my Sat sales. I expect to see the money on Wed as usual.
same thing happened to me. file a complaint with the BBB. Square will only reply to someone higher than them. They always reply to the BBB. You ill see hundreds of complaints like yours, and they get their money back faster. Square likes to hold money to collect interest on it. This keeps them in business
Unlike Square, ShopKeep includes email marketing and employee management in their base price. With employee management, you give each employee a login at the register. This allows you to track their hours/commission for payroll, and maintain a level of oversight on who’s working the register at any given time. Because Square offers this feature at a price of $5/employee/month, ShopKeep becomes more economical the larger your staff.
The point of each of these readers is to allow smaller merchants to accept Apple Pay at their locations. That said, both can accept Apple Pay and other NFC contactless payments. The PayAnywhere reader plugs into the headphone jack of a phone or tablet, while the Square device is a small stand-alone table-top unit that connects to a phone or tablet wirelessly.
I’ve been using Square the past year for our farm. I don’t think we’ve ever had an individual payment over $100, and most are less than $30. We sell a lot at farmer’s markets and out of our greenhouse. Never had a problem, so far–knock on wood–and deposits are quick and without issue. I have to say that Square works well for our small transactions that are simply too few to warrant spending $ each month for a regular credit card account. Frankly, I am surprised that folks would use it for large transactions, and not surprised that there are problems associated with those.
A good inventory system gives you real-time information on what you have in stock, what’s en route, and what is selling fast. Square has all of the inventory management features you are likely to need for free if you are just starting up or trading less than $17,500 in sales per month.
When Square set out to create a solution for the mass market of using iPhones as mobile terminals they were facing the basic question of how to make the process as similar to known payment metaphors as possible. That and not wanting to deal with Apple over licensing the dock connector. Their engineers came up with the ingenious technique of encoding the magnetic strip still present in all credit cards in a way that could be transmitted over the audio jack. And then packaging this into a small white plug that you can cary in your pocket.
That is where the company’s data-driven merchant services come in, like Square Capital. The service is essentially a cash-advance business, one where Square sends out offers of small capital extensions — usually $4,000 to $10,000 — to small businesses that use Square.
Squareup.com is the worst experience I ever could have had. They violated the trust we automatically give credit card processers, at least the trust I gave them. Shame on me. I had a customer that in my opinion, was trying to pull a fast one, get me services for free, get reimburse through their cc provider and also our company.
For Square to truly disrupt the financial payment systems and compete with Paymentech it needs to significantly reduce its transaction cost. As it stands today it is essentially charging very hefty fees to small merchants whose hope is that transaction opportunity volume will overcome the transaction cost. Rarely does that turn out to be sustainable.
I’ve discovered the problem with the card readers is often dust in the card slot, or in the earphone jack on my phone. I regularly blow both out with air in a can, and no longer have problems swiping cards.
I have since also refunded that particular customer’s card and will get a check from them. But what about all the small business owners out there that do not have the luxury of tracking down a customer and getting them to pay by a different means!? I know myself if that had been me when I first started my business it would have nearly put me out of business so I do feel the pain of most on this list.
Square is very, very easy to use. If you’ve ever used any sort of mPOS app, you will grasp the basics of Square Point of Sale pretty quickly. Even getting a handle on the more advanced features won’t take you much time to get a handle on. After all, there’s a LOT of resources to walk you through how to handle all sorts of tasks. Setting up your own website using the Square online store is mostly a matter of filling in the blanks.
Square and Squarespace are completely separate companies. Square is primarily focussed on retail POS, supplemented with a hosted online store platform, while Squarespace is primarily a proprietary hosted web platform, which includes online store functionality.
Yep! Square loses money on many transaction scenarios, including about 100% of American Express transactions, since retail AMEX transactions are 2.89% + $0.10. Small transactions are particularly troublesome, since no per-transaction/authorization fees are charged for card-present with Square. Square’s overall profitability is a popular area of speculation.
“Square Feedback prompts customers to send feedback on their experience directly to the business owner through their digital receipt,” the company said in announcing the new service for which merchants will pay a monthly fee of $10. “Sellers can also respond directly to customers, resolve issues one on one, and protect their reputations.”
The new reader connects wirelessly with Bluetooth Low Energy (Bluetooth LE). Be sure you have the latest version of the Square app for your device–only the latest version supports the contactless and chip card reader.
I’ve sold items off eBay before and it’s a huge pain having to transfer that money from PayPal to your bank. I have a paypal set up with a reader ready to go but so far have no use or desire to use it.
If you are not a high risk business and you are processing less than $15,000 per month in card sales we recommend Square. This is because the higher cost of ShopKeep ($69/month) outweighs the benefits of a more competitive credit card processing rate — at least until you’re earning above this amount. In addition, until you reach this size, the free Square software has all the features you are likely to use (and more).
Most importantly, if low pricing for merchant accounts is important to you, don’t automatically assume that flat rate is it. Simplicity is not the same thing as low cost. You can read our Square vs. PayPal Here comparison, or check out the detailed CardFellow Square Review.
Most of the transactions are in $75-300 range on average 2 -3 times a day. Can anyone recomment a particular company for that? Since I’m new to this it surprises me a bit that my SSN#, Tax id etc need to be disclosed … is it a standard procedure
Square does have the inventory (quick selection) option using the store inventory on register. Store inventory can be sections and/or itemized. Paypal works smoother, but I believe that was Square’s intention. Paypal did that part better.
I bought a headphone extender and it works fine with Square and PayPal Here with my Otterbox. But it can’t be just any extender, it has to specifically say that it’s for credit card readers and that it’s compatible with your case.