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.
 | ||
 |  | |
Dharma | Square | |
|---|---|---|
Square Reader: Free Mobile Credit Card Reader - | ||
Benefits and Features | ||
| Customer Service | Phone, Email, Live Chat Support | Phone, Email, Live Chat Support, Seller Community |
| Good For | Businesses processing $10,000 or more per month | Mobile & small businesses with average transaction over $100 |
| Equipment | POS (EMV Chip & PIN, Chip & Signature, Contactless, NFC, Magstripe), Mobile Payment Processing, Virtual Terminal | Free magstripe card reader; $49 for contactless + chip reader; Stand, Terminal, and Register available for purchase. |
| Pricing Model | ||
| ACH Payments | ||
| Swipe Rate | ||
| Online Rate | ||
| Monthly Fee | ||
| Keyed-in Transaction Fee | ||
| Deposit Time |
| Payments before 5PM PT / 8 PM ET is available the next business day |
| Chargeback Fee | ||
CreditDonkey® Reviews | ||
| ||
| Price |   |  |
| Customer Service | | |
| Equipment | | |
| Contract | | |
| Ecommerce | | |
| High Volume Business | | |
| Low Volume Business | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Transparent merchant account provider for businesses processing $10k+ a month... | Good credit card processor for low-volume businesses... |
| | |
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
- 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: 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 Payline.
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
Square has no monthly fees and a low flat transaction rate. But is it safe? Find out if this credit card processor is good for business.
Best Square POS Alternatives
Square is one of the best free POS for small businesses. Before you commit, see how it compares to alternatives like Clover, Shopify, and Lightspeed.
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?
You Might Also Like
Best Credit Card Processing for Nonprofits
These credit card processing providers offer special discount rates for nonprofits. Save on fees so you can keep more funds for what truly matters.
Best Credit Card Processing for Restaurants
Every penny matters to restaurants. The right credit card processing provider will help you save on fees and have features to help run your restaurant.
Merchant Account Requirements
Does your business qualify for a merchant account? Here are 10 merchant account requirements you need to provide for your application.
Helcim Review
Helcim is a top-rated merchant account provider for customer service. It offers interchange-plus pricing with volume discounts. Is it right for you?
High Risk Merchant Credit Card Processing
High-risk merchants can expect higher fees, but you don't have to settle for second-rate service. Here are the 5 best high-risk merchant account providers.
Virtual Terminals
A virtual terminal lets you process credit cards from anywhere without needing a physical machine. But it can be an expensive way to take payments.
How Do I Open a Merchant Account
What do you need to open a merchant account? How long does it take and how much does it cost? Here's everything you need to know.
Best Credit Card Processing for Small Business
The best credit card processing companies offer transparent pricing, flexible terms, and good features. Here are the top processors to choose from.
Best Credit Card Reader for Small Business
Looking for the best credit card reader? It'll depend on your needs. Find the top readers for small businesses here.
Clover POS System Review
Clover POS can handle the business needs of many industries. Does it suit your business? Read this review for the pros and cons.
Next Page: Dharma Merchant Services Review
