Square uses flat-rate pricing here as well but at a higher rate of 3.5% + $0.15. Square’s pricing is a little unusual compared to its competitors in that the percentage rate is on the high side —PayPal’s is 3.1%, Shopify’s is 2.9% — but the flat portion of it is half as expensive at $0.15 rather than $0.30.

Is it expensive to use Square?

Square’s standard processing fee is 2.6% + 10¢ for contactless payments, swiped or inserted chip cards, and swiped magstripe cards. … There are no fees for recording cash, check, or gift certificate payments. There are no monthly or hidden fees for credit card processing.

What is cheaper then Square?

Square alternatives include PayPal Zettle, SumUp, Shopify and others. Square is a popular point-of-sale platform and payment processor. It’s often used by restaurants, retailers and service providers, and can process in-person, online, phone and mobile credit card payments.