About Square
Square started with the little white card reader and grew into a full business platform. Now it handles POS, online payments, invoicing, payroll, and even banking. It is the default choice for any business that needs to take payments in person without a complicated merchant account.
Key Features
- ✓In-person payments via tap, dip, or swipe at 2.6% + $0.10
- ✓Free POS app for iOS and Android
- ✓Online store and checkout links
- ✓Invoicing with online payment
- ✓Next-day deposits (or instant for a fee)
- ✓Staff management with timecards
- ✓Inventory tracking across locations
- ✓Square Banking with business checking and loans
Best For
- →Food trucks and pop-up shops
- →Coffee shops and small restaurants
- →Market vendors and seasonal sellers
- →Mobile service providers taking payment on-site
Limitations
- •Processing fees are higher than negotiated merchant accounts at volume
- •Account holds and freezes happen with little warning for new accounts
- •Limited customization compared to dedicated POS systems