Compare Stripe vs Square

There are a many similarities between Stripe and Square. They are both 3rd party processors that offer pay as you go processing with no lengthy contracts or early termination fees. An assortment of tools are offered to allow merchants to sell online and although neither of them are suited to high risk industries, they both offer scalable solutions and tools that cater to a huge assortment of industries. Square is an all in one processor that allows you to sell in store, on the go and online, offering real time reports on payments and orders through their intuitive dashboard. Stripe on the other hand, focuses largely on Internet payments and offer their services to customers worldwide. They are winners when it comes to currency display and the selection of payment methods they accept. When it comes to customer support, Square is far superior as they offer a number of channels and offer quality service to their clients. Stripe offers limited support options and there is a lack of phone support. Ease of use is more prominent with Stripe as they offer robust subscription tools whereas Square is a bit more complicated to set up.

Total score

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Stripe was launched in 2011 and is now one of the biggest payment platforms available. With headquarters in San Francisco and 9 global offices, Stripe offers its services to millions of users worldwide. Stripe employs over 1300 people globally and they service businesses of every type and size. Their software is primarily used to accept payments and manage businesses online. With a cloud based infrastructure, Stripe offers security and reliability with their core payment engine. Applications for managing revenue and the possibility of expanding internationally, together with their set transparent pricing, makes Stripe one of the best options for e-Commerce businesses. Their payment platform is scalable and offers documentation and API libraries that have everything a business needs to build a custom web presence. Stripe offers third party integrations that help with business analytics, CRM, shipping and accounting and they cover start-ups and some of the world’s biggest companies. Stripe offers everything you need to manage payments with hundreds of features updated yearly.

Square POS reviews show the consistency and popularity of this mPOS system. Used by restaurants, fast food outlets and retail stores, Square register POS solutions have been available since 2009 when they launched one of the first mobile processing systems with inbuilt swipe technology. If you’re looking for a no-frills Square POS system then pricing is transparent: a standard 2.75% for every swipe, 3.5% plus 15 cents for every manual transaction and a 1% charge for each deposit. You’ll receive the hardware Square register POS free when you sign up. Additional features and services come with some basic charges, but this is considered one of the lowest priced full feature mobile POS systems available. The Comparisun Square POS reviews are gathered from different sources and provide a full review of both hardware and software capabilities offered by Square for the small business owner.

Key Features


    With stripe you pay as you go with a set rate of 2.9% + 30 cents per successful card transaction. There are no setup or monthly fees and you can get started in minutes. Custom pricing is also available for large enterprises. For in person payments you will get charged 2.7% + 5 cents per transaction. For an additional 1% on the set rate you can accept international cards and you will also have to pay an additional 1% if there is a currency conversion involved.

    For larger transactions paid with ACH direct debit/credits or wire transfers the charge will drop to 0.8% + $5 depending on the amount. Included in the set rate is everything you need to manage payments with hundreds of feature updates every year. Chargebacks will incur a $15.00 fee which is fully refunded if the customer’s bank resolves the dispute in your favor. Tools to build embeddable checkout with custom UI toolkit and PCI security compliance is also included in the price. Stripe also offers 24/7 technical support. Cloud-based hardware management starts at $59 and you can also purchase the latest card readers and terminals.

    Square Pricing structure will automatically deduct a standard 2.75% from every swiped transaction and 3.5% plus 15 cents from every keyed in payment. The other standard charge is 1% which is deducted from each deposit. You will receive a Magstrip reader free and if you do not need any extras this is the amount you can expect to pay. The Point of Sale app and the Analytics and sales reporting are also included. Extra charges will come into effect when you want to upgrade your chip reader which will be $29 and for a contactless chip reader $49. There are a number of extras that  you can purchase online from Square which include gift cards, Square Appointments app, Employee management and payroll, Email marketing and much more.

    Relevant for

    • BarsBars
    • BreweryBrewery
    • Clothing StoreClothing Store
    • Coffee ShopCoffee Shop
    • Food TruckFood Truck
    • NightclubNightclub
    • Quick ServiceQuick Service
    • RestaurantsRestaurants