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Square review: fees, hardware and alternatives

Verified

All-in-one point of sale and payments for in-person businesses.

4.5(4)Founded 2009Oakland, CA, USA
Starting rate
2.9% + $0.30
Monthly fee
$0
Payout
Next day
Contract
No contract
PCI level
Level 1
Regions
US, CA +2

Overview

Square pairs flat-rate payments with a genuinely good free point-of-sale app and affordable hardware. It's a favourite for cafés, markets, and small retailers who want one tidy system.

Who it's for

In-person and omnichannel small businesses that value ease of use over deep customisation.

Square review: fees, alternatives and comparisons

Key takeaways

  • Square charges only on completed payments, with rates that vary by channel.
  • Hardware, software add-ons, and payroll are where the real cost difference shows up.
  • Square suits simplicity, Clover suits hardware flexibility, Adyen and Elavon suit scale.

Square overview

Square is one of the most widely used payment processing platforms for small businesses, offering an all-in-one solution for accepting payments online, in-store, and on the go. In addition to payment processing, Square provides POS software, inventory management, invoicing, employee management, online store tools, and business reporting from a single platform.

Square is especially popular with retailers, restaurants, salons, service providers, and mobile businesses because it combines easy setup with transparent pricing and a wide selection of payment hardware. Businesses can begin accepting credit cards within minutes without long-term contracts or complicated underwriting.

Whether you're opening your first store or expanding to multiple locations, Square provides scalable payment solutions that grow alongside your business.

Square fees explained

Understanding Square fees is one of the most important factors when choosing a payment processor. Square uses transparent transaction-based pricing, allowing businesses to pay processing fees only when payments are successfully completed.

Depending on how customers pay, businesses may encounter different Square fees for in-person transactions, online payments, invoices, manually entered cards, and recurring payments. While the pricing structure is simple compared with many traditional merchant accounts, businesses should also consider hardware costs, optional software subscriptions, payroll services, and additional business tools.

Comparing total processing costs instead of just transaction percentages helps merchants determine whether Square offers the best long-term value for their business.

Clover vs Square

The Clover vs Square comparison depends on the type of business you operate and the features you need. Both platforms support credit card processing, contactless payments, POS systems, inventory management, and business reporting, but they serve different business requirements.

Square is known for its easy setup, transparent pricing, and integrated software ecosystem, making it an excellent choice for startups and small businesses. Clover offers greater hardware flexibility, customizable POS solutions, and industry-specific features that appeal to larger retail stores, restaurants, and businesses with more complex operational needs.

When comparing Clover vs Square, businesses should evaluate payment processing costs, hardware options, monthly software fees, customer support, reporting tools, ecommerce integrations, and scalability before making a decision.

Square alternatives

Although Square is a leading payment processor, many businesses compare Square alternatives to find lower processing costs, additional payment features, or industry-specific functionality. The best payment solution depends on your business size, sales channels, transaction volume, and integration requirements.

Popular alternatives include payment providers focused on ecommerce, enterprise businesses, international payments, subscription billing, or customized merchant services. Businesses seeking Square alternatives for small business often compare pricing, POS capabilities, reporting, customer support, and hardware flexibility before selecting a provider.

Reviewing multiple payment processors helps merchants choose the solution that best supports their growth while keeping payment acceptance simple and secure. See every Square alternative we track.

Square vs other payment processors

Beyond the Clover vs Square comparison, many businesses also evaluate Square against other leading payment platforms. Comparisons such as Adyen vs Square and Elavon vs Square highlight differences in pricing models, global payment capabilities, enterprise features, settlement times, and business support.

Square is designed primarily for small and medium-sized businesses seeking an easy-to-use payment platform. Adyen focuses on enterprise merchants with international payment requirements, while Elavon offers customized merchant services for businesses looking for traditional payment processing solutions.

Comparing providers helps merchants identify the payment platform that aligns with their budget, transaction volume, and long-term business goals.

Is Square the right payment processor?

Square is a strong choice for businesses that value simplicity, transparent pricing, and integrated business management tools. Retail stores, restaurants, service providers, healthcare practices, and ecommerce businesses can all benefit from Square's combination of payment processing, POS software, invoicing, inventory management, and online selling capabilities.

However, businesses with specialized requirements, very high transaction volumes, or international operations may benefit from comparing Square alternatives before making a final decision. Evaluating Square fees, available features, hardware options, customer support, and integration capabilities provides a complete picture of the platform's long-term value.

Choosing the right payment processor ultimately depends on your business model, expected growth, and the payment experience you want to deliver to your customers.

Best for

Retail
Restaurants
Small business

Regions

US
CA
UK
EU

Industries

Retail
Restaurants
Services

Pros

  • Excellent free POS software
  • Affordable, well-designed hardware
  • Predictable flat-rate pricing

Cons

  • Account stability concerns for some sellers
  • Less suited to complex online needs

Pricing

Pricing at a glance

2.6% + 15¢ in person, 2.9% + 30¢ online. No monthly fee on the free plan.

Pricing model
Flat rate
Contract
No contract
Free trial
Yes
Monthly minimum
N/A

Fee breakdown

Online card rate2.9% + $0.30
In-person card rate2.6% + $0.15
Keyed-in rate3.5% + $0.15
ACH / bank rate1% ($1 min)
Monthly fee$0
Chargeback fee$0
Refund policyProcessing fee not returned on refunds

Features

Payment methods

  • Visa
  • Mastercard
  • Amex
  • Discover
  • Apple Pay
  • Google Pay
  • Wallets

Integrations & deployment

  • Hosted checkout
  • POS hardware
  • WooCommerce
  • Wix
  • Payment links
  • Invoicing
  • Virtual terminal

Capabilities

  • Tap to pay
  • Reporting dashboard
  • Recurring billing
  • Fraud protection

At a glance

Currencies
Multiple (by region)
Payout
Next day
PCI level
Level 1
High-risk friendly
No
4.5out of 5
4 reviews
Ease of use
4.5
Pricing
4.0
Support
3.8
Features
4.0
Reliability
4.8

David Okafor

Verified

CTO · Tradeline · 11-50 · Marketplaces

Jun 30, 2026

The API made this easy

Building split payments for our marketplace would have taken months elsewhere. With Square the API and docs got us live in weeks. Webhooks are reliable.

Pros

Great API, split payments, webhooks

Cons

Some advanced features need a sales call

Use case: Split payments and payouts for a marketplace

Ease of use
4.0
Pricing
4.0
Support
4.0
Features
5.0
Reliability
5.0

Hannah Schmidt

Operations Lead · Greenfield Nonprofit · 1-10 · Nonprofits

Jun 30, 2026

Affordable and simple for donations

Square let us set up recurring donations quickly and the cost is reasonable for a small nonprofit. Support replies could be faster but we rarely need them.

Pros

Affordable, easy recurring donations

Cons

Support response times vary

Use case: Recurring donations for a nonprofit

Ease of use
5.0
Pricing
5.0
Support
3.0
Features
3.0
Reliability
4.0

Marcus Bell

Owner · Bell & Co Cafe · 1-10 · Restaurants

Jun 30, 2026

Perfect for our counter

Setup took an afternoon and Square just works at the counter during the morning rush. Payouts are quick which really helps cash flow.

Pros

Fast setup, quick payouts, reliable hardware

Cons

Would like more advanced reporting

Use case: In-person card payments at a cafe

Ease of use
5.0
Pricing
4.0
Support
4.0
Features
4.0
Reliability
5.0
Read all 4 Square reviews
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Frequently asked questions

How much are Square fees?
Square charges per successful transaction, with different rates for in-person, online, invoiced, and manually keyed payments. There is no charge on a payment that does not complete.
Clover vs Square: which is better?
Square is faster to set up with clearer pricing, which suits startups and small businesses. Clover offers more hardware choice and industry-specific configurations for larger or more complex operations.
What are the best Square alternatives for small business?
It depends on channel. Compare providers on processing cost, POS depth, reporting, hardware flexibility, and support before switching.
Is Square a good payment processor?
Square suits businesses that want simple pricing and bundled business tools. Very high volume, specialized, or international operations should price interchange plus alternatives first.
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