Square vs Novo
Square is a good credit card processor for low-volume businesses. How does it compare to Novo? Read our comparison chart below.
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.
While Novo offers all-in-one banking for digital businesses. It includes up to 20 Reserves, free unlimited invoicing, and over a thousand business app integrations. But there's no cash deposits. There is no monthly fee.
Compare Square with Novo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Visit Site | Visit Site | |
Square | Novo | |
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Square Reader: Free Mobile Credit Card Reader - | Free Business Checking - | |
Benefits and Features | ||
Savings | No savings account, but you add up to 20 Reserves | |
Checking | No monthly fees; no balance requirements | |
Monthly Fee | ||
Equipment | Card reader: $0 to $59; Stand, Terminal, and Register available for purchase | |
Cash Deposit Fee | ||
Customer Service | Phone, Email, Live Chat Support, Seller Community | Phone, email, or in-app messaging: Monday - Friday, 9 am - 6 pm EST |
Fraud Prevention Tools | ![]() | |
Invoice Management | ![]() | |
Recurring Billing | ![]() | |
CreditDonkey® Reviews | ||
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Equipment | ![]() ![]() ![]() ![]() ![]() | |
Contract | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ecommerce | ![]() ![]() ![]() ![]() ![]() | |
High Volume Business | ![]() ![]() ![]() ![]() ![]() | |
Low Volume Business | ![]() ![]() ![]() ![]() ![]() | |
Savings | ![]() ![]() ![]() ![]() ![]() | |
Checking | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Good credit card processor for low-volume businesses... | Fee-free online business checking with lots of good features... |
Visit Site | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Novo: Pricing information from published website as of 05/09/2025. |
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 Terminal
- 2.6% + 10¢ per tap, dip, or swipe
- Fully integrated POS system with built-in receipt printer
- 5.5" display
Free Business Checking
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
Free Business Checking
- $0 monthly service fee
- ATM fee refunds up to $7 per month
- Free ACHs, incoming wires, and mailed checks
- Up to 20 Reserves to manage multiple budgets
- Thousands of app integrations
Which is Better: Square or Novo?
Still need help deciding which business card is better? Read the in-depth reviews below. You may also be interested in comparing Square or Stripe.
In short: Novo's customer service is notable.