Square

Square
Payment Processing
Сredits and loans
Money Transfer
Business
Merchant
Savings
Debit card
Virtual Card
Referral program
Mobile Apps
Rating 4.50 3
We calculate the rating from AskWallet editorial and user ratings

Square provides range of tool for local businesses from retail to restaurants. Square is a full point of sale with tools for every part of running a business: from accepting credit cards and tracking sales to small-business financing. Customers also use Square Cash, as easy way to transfer money, and Square Order, a new way to pre-order food and drinks for pickup.

Rate

Services

  • Personal IBAN

  • Affiliate program

  • Cashback

  • SEPA

  • Loyalty program

  • Insurance

  • Multicurrency account

  • SWIFT

  • Card

  • Crypto

Details

Founded: 2009
Has mobile app: Yes
Has web version: Yes
Has apple pay: Yes
Has google pay: Yes
Contacts: To get email support from your computer:

Sign in and visit squareup.com/help.
Click Contact in the top right.
Select an option or type “contact” at any time to speak with a live agent.
Languages: English, Spanish, French, Japan
Available in these countries: GBR, USA, AUS, CAN, ESP, FRA, JAP, IRL
Jurisdiction: USA
Licenses: https://squareup.com/us/en/legal/general/licenses

Main info

Has iban: No
Has sepa: No
Has swift: No
Bonus: Loyalty program - Free for 30 days.

You should only pay for a loyalty program when it’s working for you and your customers. With Square Loyalty, the monthly cost adjusts based on each location’s total loyalty visits per month.

0–500 loyalty visits
$45/month per location

501–1,500 loyalty visits
$75/month per location

1,501–10,000 loyalty visits
$105/month per location
Credit: Square small business loans from $300—$250,000.

A fixed percentage of your daily card sales is automatically deducted until your loan is fully repaid. If sales are up one day, you pay more; if you have a slow day, you pay less. A minimum of 1/18 of the initial balance must be repaid every 60 days.
Card
Money transfer
Business account
Merchant

Card

Has virtual card Yes
Has card Yes
More info Square Debit Card is free to order and has no monthly fees, minimum balance fees, overdraft fees, or any other recurring fees.
Payment card type Debit
Card provider Mastercard
ATM withdrawal fee Please note: Square does not charge you any ATM fees, but ATM providers may charge you a fee when you make withdrawals.
Card limits The maximum you can spend using a Square Card is $10,000 per transaction, $25,000 per day, $50,000 per week and $150,000 per month.

If you’re using your Square Card to withdraw cash, the maximum amount which can be withdrawn at an ATM is $500 per transaction, $1,000 per day, $2,000 per month.

Money transfer

Money transfer speed (days): 1 - 2

Business account

Business account has IBAN No
Business account has SEPA No
Business account has business card No
Business p2p fee has conversion No
Business account deposit methods and fees has conversion No
Business account withdrawal methods and fees has conversion No
Business account affiliate program Square Payments
$5 per new sign-up, plus a $15 bonus when an activation starts taking payments within 45 days of signup.

Square Hardware
Earn a bonus when an activation starts taking payments using Square Hardware within 45 days of sign-up ($5 for first transaction using Square Reader for magstripe, $17 for transaction using Square Reader for contactless and chip, $64 for transaction using Square Terminal, $108 for transaction using Square Stand, $163 for transaction using Square Register).

Square Payroll
$5 per new sign-up, plus a $37 bonus when they make their first pay run within 45 days.

Square for Retail
$5 per new sign-up, plus a $233 bonus when an activation processes their first transaction using Square for Retail within 45 days of signup.

Square Appointments
$5 per new sign-up, plus a $12 bonus when an activation processes their first transaction using Square Appointments within 45 days of signup.

Square for Restaurants
$5 per new sign-up, plus a $166 bonus when an activation processes their first transaction using Square for Restaurants within 45 days of signup.

Square Invoices
$5 per new sign-up, plus a $7 bonus if an activation starts taking payments using Square Invoices within 45 days.

Square Point of Sale
$5 per new sign-up, plus a $25 bonus when an activation starts taking payments within 45 days of signup.

Square Virtual Terminal
$5 per new sign-up, plus a $28 bonus when an activation starts taking payments using Square Virtual Terminal within 45 days of signup.

Square Online
You need to apply separately for the Square Online affiliate program.
Business account opening fee Free
Business account deposit methods & fees Your fee will be 2.65% of the total transaction amount for any of the following payment types:

Inserted Chip Cards

Contactless Credit Cards and Devices

Swiped Cards

Swiped Virtual Terminal Payments

Prepaid Gift Cards

Your fee will be $0.10 per transaction for the following payment type:

Interac

Your fee will be 3.4% + 15¢ of the total transaction amount for any of the following payment types:

Manually Keyed-In Card Payments

Card on File Transactions

Manually Entered Virtual Terminal Payments

Your fee will be 2.9% + 30¢ of the total transaction amount for any of the following payment types:

Invoices

Square Online

Square eCommerce API

Subscription Payments

Appointments No-Show Protection

You won’t pay any fees for the following payment type:

Cash, Cheques and Other Tender

The higher fee for manually entered transactions is due to a greater risk involved with these payments, as neither the payment card nor the buyer have to be present for the payment to occur.

Merchant

Has cards acquiring payments Yes
Has m-Pos payment services Yes
Has MO/TO services Yes
Has SMS billing services Yes
Has ticket selling services Yes
Has email invoicing Yes
Merchant account opening fee 0 EUR
Fee for receiving payments Square’s standard processing fee is 2.6% + 10¢ for contactless payments, swiped or inserted chip cards, and swiped magstripe cards.
Payments that are manually keyed-in, processed using Card on File, or manually entered using Virtual Terminal have a 3.5% + 15¢ fee.
Invoices cost 2.9% + 30¢ or 3.5% + 15¢ if processed using Card on File.

Processing fees are deducted before each transfer and cannot be charged on a monthly basis. You can view your total fees on a monthly basis from your online Square Dashboard.

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Reviews by users

Review and rate Square

social-icon Keith Phillips

Excellent customer service. Very professional, knowledgeable, and helpful.

social-icon Aud Tessier
social-icon Magnus Lange

Good rates of interest and managed with an easy to use app.