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Square vs Stripe

Square is a good credit card processor for low-volume businesses. How does it compare to Stripe? 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 Stripe has 2.7% + $0.05 per swiped transaction and 2.9% + $0.30 per online transaction. There is no monthly fees and no contract. With customizable API, Stripe offers complete personalization of your online checkout experience.

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

 Square
 Visit SiteLearn More
 

Square

Stripe

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

Read Square Review

SPECIAL OFFER
Online Payment Processing - Learn More

Read Stripe Review

 

Benefits and Features

Customer ServicePhone, Email, Live Chat Support, Seller CommunityPhone (by request), Email, Live Chat, IRC
Good ForMobile & small businesses with average transaction over $100Online businesses; Customized checkout experience
EquipmentFree magstripe card reader; $49 for contactless + chip reader; Stand, Terminal, and Register available for purchase.Online Processing, Terminal, Stripe for Marketplace & Platforms, Billing Services (subscription & invoicing)
Pricing Model
Flat rate
Flat rate
ACH Payments
1% ($1 minimum)
 
Swipe Rate
2.6% + 10¢
2.7% + 5¢
Online Rate
2.9% + 30¢
2.9% + 30¢
Monthly Fee
No monthly fees
No monthly fees
Keyed-in Transaction Fee
3.5% + 15¢
2.9% + 30¢
Deposit TimePayments before 5PM PT / 8 PM ET is available the next business day7-14 days after the first successful payment
Chargeback Fee
None
$15
 

CreditDonkey® Reviews

 Square
PriceStarStarStarStarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty Star
EquipmentStarStarStarStarStar
ContractStarStarStarStarStar
EcommerceStarStarStarStarEmpty Star
High Volume BusinessStarEmpty StarEmpty StarEmpty StarEmpty Star
Low Volume BusinessStarStarStarStarStar
Pros & ConsPros:
  • 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 LineGood credit card processor for low-volume businesses... Read full review Read full review
 Visit SiteLearn More

Online Payment Processing

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: Square or Stripe?

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


Articles on Square

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.

Square Payroll Review

Square Payroll is one of the cheapest payroll services, starting at $5 per payee per month. Read on to see if it's a good fit for your business.

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 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.

What is Square

Square offers mobile payment processing and a full POS for businesses. But is it good? Find out if the credit card processor is right for you.

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.

Stripe vs Square

What's better: Square or Stripe? Depends if you have an online business or physical store. Review fees, payment gateways, and integrations to help you decide.

Articles on Stripe

Stripe Review

Stripe charges straightforward low fees for online credit card payments. But it's not right for all businesses. Read on to see if it's right for you.

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.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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