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Dharma vs Square

Dharma is a transparent merchant account provider for businesses processing $10k+ a month. How does it compare to Square? Read our comparison chart below.

Dharma charges a low Interchange-Plus rate of $0.15% + $0.07 + Interchange for swiped transactions, plus a $20 monthly fee. There is no contract. Dharma usually works with established high-volume merchants.

While Square has a low swipe fee of 2.6% + $0.10 per transaction. It has no monthly fees, no contract, and no chargeback fees. Square offers a free swipe reader, feature-rich POS app, free virtual terminal, and free online store.

Compare Dharma with Square, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Square
 Learn MoreVisit Site
 

Dharma

Square

SPECIAL OFFER
Square Reader: Free Mobile Credit Card Reader - Learn More

Read Square Review

 

Benefits and Features

Monthly Fee
Starts at $15/month
No monthly fees
Good ForBusinesses processing $10,000 or more per monthMobile & small businesses with average transaction over $100
EquipmentPOS (EMV Chip & PIN, Chip & Signature, Contactless, NFC, Magstripe), Mobile Payment Processing, Virtual TerminalFree magstripe card reader; $59 for contactless + chip reader; Stand, Terminal, and Register available for purchase.
Accept International Payments 
USD payments only
Customer ServicePhone, Email, Live Chat SupportPhone, Email, Live Chat Support, Seller Community
Fraud Prevention Tools 
Check
Invoice Management 
Check
Pricing Model
Interchange plus
Flat rate
Recurring Billing 
Check
ACH Payments 
1% ($1 minimum)
Swipe Rate
Interchange + 0.15% + $0.08
2.6% + 10¢
Online Rate
Interchange + 0.20% + $0.11
2.9% + $0.30
Keyed-in Transaction Fee
Interchange + 0.20% + $0.11
3.5% + 15¢
Deposit Time
  • Next day Funding (available for card-present merchants)
  • 2 business days for card-not-present
Payments before 5PM PT / 8 PM ET is available the next business day
Chargeback Fee
$25/instance
None
 

CreditDonkey® Reviews

 Square
PriceStarStarStarStarHalf StarStarStarStarStarEmpty Star
EquipmentStarStarStarStarEmpty StarStarStarStarStarStar
ContractStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarStarStarStarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
Low Volume BusinessStarStarHalf StarEmpty StarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • Low interchange plus pricing
  • No contract
  • Minimal extra fees
Cons:
  • $25 monthly fee
  • $49 closure fee
  • No high risk merchants
Pros:
  • No monthly or annual fee
  • Free swipe card reader
  • Low, predictable fixed rates
Cons:
  • Flat-rate pricing can be expensive for larger businesses
  • Costly add-on services
Bottom LineTransparent merchant account provider for businesses processing $10k+ a month... Read full reviewGood credit card processor for low-volume businesses... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Square Reader: Free Mobile Credit Card Reader

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

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

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: Dharma or Square?

Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Dharma or Payment Depot.

In short: Dharma's customer service and high volume business are notable. Square's equipment and low volume business are impressive.


Articles on Dharma

Dharma

Dharma Merchant Services is an affordable credit card processing service for mid- to large-sized businesses. Read this review to find out if it's the right fit for your business.

Articles on Square

Square Alternatives

Square is one of the most popular POS systems. But is it the best choice for your business? See how Square compares to top competitors and alternatives.

Square Review

Explore a thorough review of Square's cost, security, and benefits for businesses. Find out if it's the right choice for you.

Best Square POS Alternatives

Square or Clover? Square or Shopify? Solve your POS dilemmas with this in-depth comparisons of top Square POS alternatives for small businesses.

Square vs Stripe vs Paypal

Square, Stripe, and PayPal are the most popular credit card processors for small businesses. What's the difference and which is right for you?

Square vs Clover

Square is cheaper to get started, while Clover offers more flexibility. Which one is better for your small business? Find out how they compare.

Square vs Merchant Account

Square is simple with flat rate pricing, but a merchant account can provide better savings. Which is better for your business? Read on to compare.

How Much Does Square Charge

Square's mobile card reader lets you accept credit card payments. But how much does Square cost? Read this review to see if it is good for your business.

Square Rates

Square offers a free credit card reader. But there are transaction rates and processing fees you need to be aware of.

Square vs PayPal

Is Square or PayPal better for your small business? Find out how they compare in pricing and features.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a credit card processing comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

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