“Square prices IPO at just $9 per share, valued at $2.9 billion.” Accessed June 22, 2020. For instance, Square provides ecommerce plugins on much of the same technology as Stripe does. One of the most notable features that Stripe offers is their nearly universal payment options. Looks familiar, right? .fit-table tbody tr:nth-of-type(odd) td { But if you already have your own merchant account for your business, then PayPal could be another viable option for online payments. These partnerships help support our site so we can keep bringing you the best answers to your questions. As these companies continue to innovate, consumers and business owners can expect further changes that will make payment processing easier and more accessible. For in-person payments, Square is slightly cheaper than Stripe. text-align: center; With that said, be sure that you’re choosing the right online payment experience that fits your business’s and your customer’s needs. Stripe has generally focused more on mobile and eCommerce, with powerful tools for marketplaces and subscription-based businesses. Payment options are as diverse as ACH payments to Discover card to Microsoft Pay—and pretty much anything in between. Select the newsletters you’re interested in below. If you’ve ever made a payment online or through a mobile app, odds are you’ve made that payment through a Stripe payment platform—although you might not have realized it. Square will offer you more powerful in-person payment options and an easy ecommerce store setup option. Square. That said, it’s only a payment gateway and will require you to come to the table with your own merchant account. Square. Square. You’ll only pay a processing fee of 2.6% + $0.10 per transaction. Square (SQ) and Stripe have emerged as two popular payment processing services for small and growing businesses. Learn more about their features and pricing on our review of Square Payments. Payment is the transfer of one form of goods, services, or financial assets in exchange for another form of goods, services, or financial assets in acceptable proportions. Plus, you’ll be able to access shipping labels, inventory management, advanced analytics, and marketing tools. Their branded custom UI toolkit is one of their most noteworthy features, and it’s used by some of the biggest brands out there—like Glossier and Slack. Here are some of the most popular Square POS hardware options: Through Square, you can also purchase iPads, cash drawers, barcode scanners, receipt printers, and everything else you need to accept payments in-person.