Both Clover and Square are cloud-based solutions that offer online payment gateways. Square offers a free POS application that offers a reliable and fast system for taking payments through their iOS or Android devices. Clover, on the other hand, offers a full point of sales system that has many features including inventory management, real-time reporting, third-party integrations and much more. With Clover, you pay a monthly subscription as well as a percentage on each transaction, whereas with Square you only pay a percentage on each transaction amount. Square has a limited amount of features but they do offer employee management, email marketing, and invoice sending and tracking and customer database features. When it comes to prices, Square lists all their prices online whereas Clover pricing is mostly offered on request. Key features offered by both are very important but you would need to analyze the integrations and the products provided by each company before deciding on which one to use. Clover offers store based hardware that is considered to be quite expensive to purchase but they do offer the option of leasing the equipment. Both are easy to install and use.
Originally Clover started out in 2010 as a tablet based POS system. In 2012 it merged with First Data Corporation and has been the company’s point of sale system since then. All Clover POS products which include the Clover Mobile and the Clover Go are cloud based and the system will come attached to a merchant account. The Clover Station and related products are easy to install and easy to use.
When Square was originally launched in 2009, it offered an innovative swipe based smartphone processing system with affordable pricing and no equipment costs. Their payment processing and point of sale services have since advanced to the point where they are now a powerhouse for merchants in the USA, Canada, Japan, Australia, Ireland and the United Kingdom. Square has earned a 5 star rating for their easy to use software, impressive features and affordable pricing. Their payment processing services are suitable for all types of industries regardless of their size, with small to medium sized businesses benefitting the most from their predictable flat rate pricing with no monthly fee and reasonable transaction rates. Square offers one of the most impressive set of features which include advanced mobile processing solutions and affordable chip card readers. One of the biggest draws to Square’s payment processing solutions is the free iPad POS and smartphone friendly mobile app that is offered on signing up.
Clover now offers a free Clover Mini and many other discounts on other systems. Clover also offers a free trial if you want to test the equipment and software before you purchase. Hardware bundles are available for all plans and the price will depend on which hardware you decide to purchase. Clover is compatible with most systems which makes their product very flexible and easy to use.
With Square, merchants pay a flat rate of 2.75% for swiped transactions and 3.5% + $0.15 for keyed transactions. Online transactions are charged at 2.9% + $0.30. There are no monthly minimum charges or statement fees. This flat rate remains the same regardless of what type of card is used or how much the transaction amount adds up to. Square deposits funds into your account within 2 business days, but if you want instant scheduled deposits you can opt for this service for an extra 1% of the transfer amount. Payment methods and pricing vary depending on which country you are based.