They were the first company to allow online payments through CC and electronic check. Compared to other companies it does not require users to sign up before entering their information.
For a All-In-One or a Gatewawy Only option sign up is free. Enterprise level (more than 500K per year) has a price with it.
Currently nothing (I'd assume because of Covid) until Aug 1st. Normally it would be $25. Unless you process more than $500K per year then you would have to pay. (It just says contact us)
All In One: 2.9%+ $0.30 / per transaction
Gateway Only: $0.10 / transaction + $0.10 daily batch fee
Enterprise: I'm not calling to find out!
It seems that the Enterprise account may do just that as it says it works best for 501(3c) or charity companies.
They have a plug in adaptor to take CC from customers.
According to downdetector.com they have outages from time to time that can disuade customers from choosing to use them. There are other reports on BBB that showcase some confusion in what type of companies they will work with (which i'm suprised there's any they dont as a merchant), and it flagging a businesses purchases as fraudulent frequently. They also have a history of showing the consumer that transactions went through even though they didnt and losing the company money.
They accept Paypal which makes me think it may be more inclusive and if they were better known they
Paypal is the first payment processing system soley made for online. It was initially a security for mobile device company but then transfered to a digital wallet and partnered with a banking company X.com owned by Elon Musk. Then it was acquired by Ebay in 2002 then spun off in 2015.
Yes, $30 USD
US Online: 2.9%
US In Store:2.7%
Non-US In Store:4.2%
$0.15 per keyed transaction
$0.30 per online transaction
there are also cross-border transaction fees, currency conversion fees and chargeback fees.
They also have lower rates for micropayments Plan (less than ~$10 / transaction) for smaller businesses and an online non-profit discount as well.
They are giving them away fro free
They have some technology issues (I assume) where frequently peoples accounts are randomly freezing, not allowing them to add or withdrawl money from their account.
While they have been around for a long time and have some inherit trust with them, they don't feel like they are the leader of the pack as far as what you hear people using mostly. But a good question is, do we really want something trendy for our banking app or does trust / longevity win out. It wins out for me as they're still what I use to handle online purchases.
Square was founded because one of the founders was frustrated that they couldn't complete a $2,000 transaction because he couldn't accept credit cards in 2009. They got their IPO in 2015.
$60/month for each location and $40/mo for each additional terminal.
2.6% + $0.10
It claims that there are not, but I really ahve a hard time believing that.
Not for non-profits, I don't think for anything else.
They are the leaders and the first in this department.
In 2011 a rival company (Verifone) showcased how easy it was to skimm the CC's off the magnetic reader because it was unencrypted. Now, however, Square uses strong encryption.
Because of their innovation with the Square Stand (a sort of Ipad looking device) in 2013 they're staying on top of the game and I expect them to stay that way in the B2C end.