Venmo vs Square
Venmo is a good way for small businesses and freelancers to accept Venmo payments. How does it compare to Square? Read our comparison chart below.
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Venmo | Square | |
|---|---|---|
Try Venmo business profiles for 30 days - | Square Reader: Free Mobile Credit Card Reader - | |
Benefits and Features | ||
| Customer Service | Phone, email, and messaging through the app | Phone, Email, Live Chat Support, Seller Community |
| Good For | Small mobile businesses and freelancers who want to take Venmo payments | Mobile & small businesses with average transaction over $100 |
| Equipment | Free magstripe card reader; $59 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 | Instant access to the funds in your Venmo account for in-person payments. | Payments before 5PM PT / 8 PM ET is available the next business day |
| Chargeback Fee | ||
CreditDonkey® Reviews | ||
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| Price |   | |
| Customer Service | | |
| Contract | | |
| Ecommerce | | |
| High Volume Business | | |
| Low Volume Business | | |
| Equipment | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Good way for small businesses and freelancers to accept Venmo payments... | 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: Venmo or Square?
Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Venmo or Payline.
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.
Articles on Square
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Which Do You Think is Best?
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