Chase Payment Solutions vs Square
Chase Payment Solutions is a well known processor with extra benefits for Chase banking customers. How does it compare to Square? Read our comparison chart below.
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Chase Payment Solutions | Square | |
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Chase Payment Solutions℠ - | Square Reader: Free Mobile Credit Card Reader - | |
Benefits and Features | ||
Customer Service | Get 24/7 support, online or from a live U.S.-based Chase Payment Solutions agent. | Phone, Email, Live Chat Support, Seller Community |
Good For | Mobile & small businesses with average transaction over $100 | |
Equipment | Free magstripe card reader; $59 for contactless + chip reader; Stand, Terminal, and Register available for purchase. | |
Pricing Model | ||
ACH Payments | ||
Swipe Rate | 2.6% rate +10¢ per tap, dip and swiped transaction | |
Online Rate | 2.90% + 25¢ per ecommerce transaction | |
Monthly Fee | ||
Keyed-in Transaction Fee | 3.5% rate +10¢ per keyed transaction | |
Deposit Time | Fast funding at no additional cost. Get deposits as soon as the same day1 | Payments before 5PM PT / 8 PM ET is available the next business day |
Chargeback Fee | ||
CreditDonkey® Reviews | ||
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Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Equipment | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Contract | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ecommerce | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
High Volume Business | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Low Volume Business | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Pros & Cons | Pros:
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Bottom Line | Well known processor with extra benefits for Chase banking customers... | Good credit card processor for low-volume businesses... |
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Chase Payment Solutions℠
- Never miss a sale with powerful new ways to accept credit cards, anytime, anywhere. Accept payments multiple ways – in person, online, or over the phone
- Fast funding at no additional cost. Get deposits as soon as the same day1.
- Enjoy fair and transparent pricing with no hidden or monthly fees. 2.6% rate +10¢ per tap, dip and swiped transaction. 2.90% + 25¢ per ecommerce transaction. 3.5% rate +10¢ per keyed transaction2
- Trusted security – As technology advances, our industry-leading systems help keep your payments safe
- Accept cards in person – Take payments quickly with our easy to use point-of-sale devices and mobile app3
- Accept cards online or over the phone – Choose from pre-built payment integrations with leading eCommerce platforms, virtual terminal and a payment gateway
- Over 5 million businesses of all types and sizes trust financial solutions from Chase
Fast Funding at No Additional Cost
- 2.6% + 10¢ per swipe, dip, and tap
- Get deposits as soon as the same day at no extra cost
- 24/7 support from live US-based agents
Square Reader: Free Mobile Credit Card Reader
- Pay 2.6% + 10¢ Per Swipe for Visa, Mastercard, Discover, and American Express
- Accept Credit Cards Anywhere
- Fast Setup, No Commitments
Square Contactless and Chip Card Reader
- Pay 2.6% + 10¢ per tap or dip for Visa, Mastercard, Discover, and American Express
- Accept Chip Cards and Contactless Payments Anywhere
Square POS: Point of Sale System
- Advanced analytics and insights
- Inventory and customer management
- Track employee time cards and grant permission levels
Which is Better: Chase Payment Solutions or Square?
Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Chase Payment Solutions or Payline.
In short: Square's equipment and contract are impressive.