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Square vs Venmo


 SquareVenmo
 Visit SiteVisit Site
 

Square

Venmo

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

Read Square Review

SPECIAL OFFER
Try Venmo business profiles for 30 days - Learn More

Read Venmo Review

 

Benefits and Features

Monthly Fee
No monthly fees
$0
Good ForMobile & small businesses with average transaction over $100Small mobile businesses and freelancers who want to take Venmo payments
EquipmentFree magstripe card reader; $59 for contactless + chip reader; Stand, Terminal, and Register available for purchase.
None needed
Accept International Payments
USD payments only
 
Customer ServicePhone, Email, Live Chat Support, Seller CommunityPhone, email, and messaging through the app
Fraud Prevention Tools
Check
 
Invoice Management
Check
 
Pricing Model
Flat rate
Flat-Rate
Recurring Billing
Check
 
ACH Payments
1% ($1 minimum)
 
Swipe Rate
2.6% + $.10
1.9% + $0.10
Online Rate
2.9% + $0.30
2.9% + $0.30
Keyed-in Transaction Fee
3.5% + 15¢
N/A
Deposit TimePayments before 5PM PT / 8 PM ET is available the next business dayInstant access to the funds in your Venmo account for in-person payments.
Chargeback Fee
None
N/A
 

CreditDonkey® Reviews

 SquareVenmo
PriceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
EquipmentStarStarStarStarStar
ContractStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Low Volume BusinessStarStarStarStarStarStarStarStarStarStar
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
Pros:
  • Accept Venmo in-person
  • Expand payment options
  • Simple pricing
Cons:
  • Must go through PayPal or Braintree for online payments
Bottom LineGood credit card processor for low-volume businesses... Read full reviewGood way for small businesses and freelancers to accept Venmo payments... Read full review
 Visit SiteVisit Site

Try Venmo business profiles for 30 days

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

Articles on Square

Alternatives to Square

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.

Articles on Venmo

Venmo

Merchants can use Venmo to accept payment. But is this social-friendly payment service a good option for your business? Read this review before you get started.

Which Do You Think is Best?





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What is a Merchant Account?

Find out why a merchant account could be vital for your business growth. Learn how to process credit card payments with ease.

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About CreditDonkey
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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.

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