9/10 (Expert Score)
Product is rated as #1 in category Credit Card Processing

Squareup.com Product Review & Details


Square Website

Updated as of January, 2023

Overview of Square Up

SquareUp.com is a website for Square, Inc., a financial technology company that provides small businesses and individuals with payment processing services, point-of-sale software, and financial tools such as invoicing and inventory management.

The website allows users to sign up for a Square account and access various features, including setting up a virtual terminal for online payments, creating and sending invoices, and tracking sales and inventory.

Square also offers a range of hardware options, such as mobile card readers and POS systems, that can be used in conjunction with the software. The company is known for its user-friendly interface and easy signup process, making it a popular choice for small businesses and independent sellers.

Who is Square Best For?

Square is best for small businesses and individuals who need a simple, affordable, and flexible payment processing solution. The company’s transparent pricing model, user-friendly interface, and range of features make it a popular choice for businesses of all sizes and types, including retail stores, restaurants, food trucks, service providers, and online sellers.

Square is also a good option for businesses that need to process payments on-the-go, as it offers a mobile card reader and a mobile app that allows businesses to accept payments using their smartphone or tablet.

Squareup.com Pros vs. Cons

Let’s look at the pros and cons of using Square to help you decide if it’s the right choice for your business.

PROS:

Easy to set up: Square’s sign-up process is simple and straightforward, making it easy for small businesses and individuals to start accepting payments quickly.

Affordable pricing: Square charges a flat-rate processing fee for each transaction plus a small percentage of the sale amount. This transparent pricing model makes it easy for businesses to understand and budget for their payment processing costs.

Flexible payment options: Square accepts various payment methods, including credit and debit cards, gift cards, Apple Pay, Google Pay, and contactless payments.

Mobile capabilities: Square offers a mobile app that allows businesses to process payments and access their account information from their smartphone or tablet.

Additional features: Square offers a range of additional features, such as invoicing, inventory management, and employee management. These features can help businesses streamline their operations and increase efficiency.

CONS:

Higher fees for keyed-in transactions: Square charges a higher fee for keyed-in transactions, such as those made over the phone or online, compared to swiped or contactless transactions.

Limited customization options: Square’s software may not be as customizable as some other options, which could be an issue for businesses with specific needs or preferences.

Limited customer support: Some users have reported that Square’s customer support is not as responsive or helpful as they would like.

Limited integrations: Some users have reported that Square’s integrations with other software and platforms are limited, which could be an issue for businesses that rely on other tools to manage their operations.

Limited access to transaction data: Some users have reported that they have limited access to their transaction data, which could make it difficult to track sales and performance over time.

Square Pricing

Square offers a transparent pricing model for its payment processing services. The company charges a flat-rate processing fee for each transaction plus a small percentage of the sale amount. The exact fee will depend on the type of card used and whether the transaction is swiped, dipped, or keyed in.

For swiped transactions, Square charges a rate of 2.6% + 10¢ per transaction. For example, if you sell a product for $100, the processing fee would be $2.70 (2.6% of $100) + $0.10.

For keyed-in transactions, such as those made over the phone or online, Square charges a rate of 3.5% + 15¢ per transaction. For example, if you sell a product for $100, the processing fee would be $3.65 (3.5% of $100) + $0.15.

For dipped or contactless payments, Square charges a rate of 2.5% + 10¢ per transaction, similar to swiped transactions.

Square also offers online invoicing, inventory, and employee management services. These services may have additional fees, but many of them are free.

Square also offers subscription services called Square for Retail and Square for Restaurants, designed for brick-and-mortar stores; it includes features such as Employee Management, inventory tracking, and advanced reporting.

It’s worth noting that Square doesn’t have any monthly setup or cancellation fees. Also, they don’t require any long-term contract.

Square Up Key Product Features

  • Payment processing: Square allows businesses to accept credit and debit card payments, as well as other forms of payments like Apple Pay and Google Pay.
  • Virtual terminal: Square’s virtual terminal allows businesses to process online payments, such as those made over the phone or through a website.
  • Point-of-sale software: Square’s point-of-sale (POS) software allows businesses to track sales, manage inventory, and create custom receipts.
  • Financial tools: Square provides financial tools such as invoicing and inventory management, which allows businesses to easily keep track of their sales and expenses.
  • Hardware options: Square offers a range of hardware options, including mobile card readers, POS systems, and receipt printers that can be used in conjunction with the software.
  • Employee management: Square’s employee management feature allows businesses to set up employee accounts, track hours, and manage permissions.
  • Reporting and analytics: Square provides detailed reports on sales, inventory, and employee activity.
  • Inventory management: Square’s inventory management feature allows businesses to track their products, set reorder points, and generate reports on sales and inventory levels.
  • Customizable receipts: Square allows businesses to create custom receipts with their branding and information.
  • Integration with other apps: Square can be integrated with other apps such as QuickBooks, Xero, and Shopify to improve workflows and automate tasks.
  • Mobile app: Square has a mobile app that allows businesses to process payments, manage their inventory and see sales reports from their smartphone or tablet.
  • Gift Card: Square allows businesses to create and sell gift cards for their customers.
  • Customer directory: Square allows businesses to store customer information, such as contact information and purchase history, to personalize their experience.

Our Verdict

Square is a powerful financial tool that offers many features to help small businesses and independent sellers manage their payments and operations. The platform is easy to set up, user-friendly, and provides a transparent pricing model, making it a popular choice for businesses of all sizes and types.

One of the key strengths of Square is its range of features, including payment processing, a virtual terminal, point-of-sale software, financial tools, and mobile capabilities. These features allow businesses to accept payments on-the-go, streamline their operations, and save time. Additionally, the company’s mobile card reader and mobile app make it easy for businesses to conduct transactions wherever they are.

On the other hand, Square does have some drawbacks. For example, the company charges a higher fee for keyed-in transactions, which could be an issue for businesses that process a lot of online or over-the-phone payments. Additionally, the software may not be as customizable as some other options, which could be an issue for businesses with specific needs or preferences.

In terms of customer support, Square has a good reputation for providing helpful resources and tutorials, but some users have reported that the support team can be slow to respond.

Overall, Square is a solid choice for small businesses and independent sellers looking for a simple, affordable, and flexible payment processing solution. While it’s not perfect, Square’s user-friendly interface, transparent pricing model, and range of features make it a viable option for businesses looking to streamline their operations and grow their business. It’s worth considering to compare Square’s features, pricing, and integrations with other options before making a final decision.


Visit Squareup.com


Top Alternatives to Square

Clover POS
Toast POS
TouchBistro POS

FAQs about Squareup.com

What is Squareup used for?

Square is a financial technology company that provides small businesses and individuals with payment processing services, point-of-sale software, and financial tools such as invoicing and inventory management.

Square’s main purpose is to provide businesses with an easy and affordable way to accept payments and manage their finances. The company’s services include payment processing, virtual terminal, point-of-sale software, financial tools, and mobile capabilities. These features allow businesses to accept payments on-the-go, streamline their operations, and save time.


Is Square up legitimate?

Yes, Square is a legitimate financial technology company that provides payment processing and other financial services to small businesses and individuals. The company was founded in 2009 and is headquartered in San Francisco, California. Square is a publicly-traded company, and its stock is traded on the New York Stock Exchange (NYSE).

Square is a registered payment processor and is compliant with all necessary regulations, including the Payment Card Industry Data Security Standards (PCI DSS). Square has also obtained various certifications, such as SOC 2 and SOC 3, which are widely recognized standards for security, availability, processing integrity, and privacy of customer data.


Are there any additional fees for using Square?

Square does not charge any monthly, setup, or cancellation fees and does not require any long-term contract. However, additional POS products or features, such as inventory management and employee management, may have additional costs.


How much does Square cost?

Square charges a flat-rate processing fee for each transaction plus a small percentage of the sale amount. The exact fee will depend on the type of card used and whether the transaction is swiped, dipped, or keyed in.

Specification: Squareup.com

Best For

Restaurants, Retail, Small Business

Business Size

Small

POS Type

iPad POS

Software Type

Cloud/SaaS

Free Trial

Yes

Merchant Services

In-House

Pricing Model

No Contract

Price Range

$-$$

Videos: Squareup.com

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