Stripe vs Square: Which Is Better For Online Payments?
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- čas přidán 8. 06. 2024
- Can't decide between Stripe vs. Square for your credit card processing needs? We compare both Stripe and Square's pricing, features, & ideal business fits all in this video. But which is best for your business? Watch until the end of the video for our final verdict. Ready to get started with Square? merchantmaverick.go2cloud.org... (This link is an affiliate link. Merchant Maverick may receive a commission from clicks to these links.)
👉 Ready to get Started with Stripe? merchantmaverick.go2cloud.org...
🚨Disclosure: This video contains affiliate links. Merchant Maverick may receive a commission from clicks to these links. Note that we never accept payment for positive reviews. Learn about how we maintain editorial integrity while earning commissions here. www.merchantmaverick.com/edit...
🔗LINKS MENTIONED IN THIS VIDEO:
- Full comparison of Square vs Stripe [Blog post]:
www.merchantmaverick.com/stri...
- Full review of Square:
www.merchantmaverick.com/revi...
- Full review of Stripe:
www.merchantmaverick.com/revi...
- How much does Square cost?
www.merchantmaverick.com/how-...
- Best Credit Card Processing Companies:
www.merchantmaverick.com/the-...
- For more small business resources, visit our website:
www.merchantmaverick.com/?utm...
🎥CREDITS:
Video editing: Chris Wojcik
Host: Amad Ebrahimi / maverickfounder
Music: elements.envato.com/is-seriou...
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⏱️TIMESTAMPS:
00:00 - Intro
01:07 - What is Square?
01:18 - What is Stripe?
01:53 - Square vs Stripe: Payment Processing
02:16 - Square's Payment Processing
02:25 - Stripe's Payment Processing
02:41 - Square vs. Stripe: eCommerce Integrations
02:50 - Square's eCommerce Integrations
03:49 - Stripe's eCommerce Integrations
04:28 - Square vs. Stripe: Developer Tools
04:43 - Square's Developer Tools
05:15 - Stripe's Developer Tools
05:44 - Square vs. Stripe: POS Terminals
05:55- Square POS Terminals
06:31 - Stripe POS Terminals
06:50 - Square vs. Stripe: Business Capital
08:22 - Square vs. Stripe: Additional Features
08:56 - Square vs. Stripe: Pricing
09:15 - Square's Transaction Fees
10:20 - Stripe's Transaction Fees
12:35 - Square vs. Stripe: Ease of Use
12:38 - Square's Ease of Use
13:20 - Stripe's Ease of Use
13:43 - Square vs. Stripe: Customer Support
13:45 - Square's Customer Support
14:37 - Stripe's Customer Support
15:31 - Square vs. Stripe: User Reviews
17:08 - Stripe Customer Complaints
17:58 - Square Customer Complaints
19:06: Square vs. Stripe: Integrations
19:15 - Square's Integrations
19:46 - Stripe's Integrations
20:07 - Square vs. Stripe: Final Verdict
20:39 - Square Final Verdict
20:10 - Stripe Final Verdict
22:03 - Outro
![How To Run Small Business Payroll [Master Payroll Processing]](/img/n.gif)
Thank you SO much for sharing all these details. And gerting into the weeds on all the things we want and need to know. This is highly appreciated! I am a residential painter and trying to figure out which payment processing will suit my needs best.
Thank you for soeekimg calmly, wirhout annuouing music in rhe background and no foashing loghts and added, edited junk flashing into the screen. Simple, clean and classy video. THANK YOU!!
May God bless you in all your endeavors!
Wow! We're so happy to hear and really appreciate your feedback. 😊 Thanks for stopping by!
Extremely helpful breakdown of the two! 🙌
Thanks for stopping by, Kendall!
Amazing comparison! Thank you for making it so clear that I can watch just this video and know which option is the right one for my needs!
We are so happy to hear this, Asin! 😍 Thanks for watching!
Wishing I had checked you guys out before I went in head first.. The lack of knowledge in store keeper's about payment systems are low.. Keep up the good work guys...
We're happy you found us, Mikey!
Who you.with today?
Very in depth! Thanks man!
Hi, Dave! Thanks so much for visiting!
This was very helpful, excellent job comparing the two. I currently have Square and will stay with it as it meets the needs I currently have.
Thanks so much for the kind feedback, Marlene! We are so happy to hear that you found our content helpful! 😀
Thank you very much for this video it helps a lot!
Great video, thanks so much !!
I have been with square since 2014 I haven’t had any trouble. Has grown my business tremendously and customer service has been easy to get in contact with them and great customer service. That’s my experience🤗
Hi Kimberly! We're so happy to hear that. Thanks for sharing your experience and for stopping by!
Thank you for helping me untangle the twisted threads of facts in my tired brain. I've used Stripe for 20 years but with a recent security update they made without warning, the integration with my client scheduling program broke and my POS terminal is no longer working. So I'm looking for a solution. Thanks to your very clear comparison, I believe I found it.
Hey, Brenda! Oh no! We're so sorry to hear that but happy that you found this video helpful to find an alternative solution for your business. We wish you the best of luck! Thanks for stopping by :)
Very detailed video. Thank you for your hard work.
We're so happy you enjoyed it, and thanks for the kind words, Fran!
Well explained, thank you
Love the video. I’m going to have to rewatch, but at first glance it seems I’ll need to start with square; for its ease of use for a dunce like me.
I’ve already registered my DBA as a sole proprietorship, to do 3D scans of real estate.
All I think I need is a website to show what a 3D looks like, and a way to take payments online or in person at the job site.
Recurring monthly payments may become a things for clients that may need the use of the 3D digital twin for advertising their place. Which means I may need to pay for keeping those projects active with the program I use for the scans. But that’s IF.
If so, how hard is it for square to handle monthly subscriptions of this type?
FYI: I’ll be a one man operation for the time being.
Hi Tatsymakisempyukaku! Square actually started offering a subscription payment option recently. Once you set up a Square account to start selling online, you can set up a subscription checkout link with Online Checkout to accept weekly, monthly, quarterly, or annual payments from buyers - all from a single link. You can read more here: www.merchantmaverick.com/square-online-checkout-explained/
Amazing video! I have an ecommerce indumentary business, and I´m opening a Store. I use woocommerce in the online business. What would be better for a woocommerce integration and POS in the store? TY!
Thank you for your video. Great information. 👍😁🌟💰
Thanks so much for stopping by, Carolyn! We're happy to see you. 😄
i had my website on weebly and used square and it was perfect, but weebly was a lame interface, so i transferred to squarespace and none of my sales worked. found out square and squarespace dont talk (which is a fail of a name then tbh) so i switched to Stripe and i must say, compared to square it sucks. i have yet to see what good qualities it has. my first sale took over a week to process, and my subsequent ones take minimum 4days to process and then another x amount of days to deliver, and since im not sitting on an inheritance or anything i basically cant ship orders until weeks after theyve been placed, and i have to manually check and remember to handle each transaction. i cant manually transfer until ive moved $5000 through their platform? i cant even move $30 through their platform without getting a headache. does anyone have actual solutions or a flow to make this less stressful? it seems like every company wants a percent of money but none of them seem committed to making sure you get yours
Thank you for this informative video comparison. I am leaning towards stripe as it seems to have better offers for recurring payments. I run a small music lesson business from my home and I want to be able to charge my customers every 4 weeks. Thanks again!
Best of luck to you!
I do a seasonal large volume over the phone credit card sales. I went from a merchant account to square because of how easy it was to set up the new business. I now can't invoice over a certain dollar figure. Some of my transactions It could be up to $100,000. Do merchant accounts have minimal amount transactions or is there one merchant account I should go to that you suggest? Thank you for your time and your content
Hello! Square is excellent for very small and sporadic businesses, but it doesn't always scale well. You may want to give Helcim a try, especially if you're mainly taking payments through a virtual console or invoicing. We hope this helps!
Loving this content.
💙Thanks for watching, Jacob!
Thank you!!
Thanks for making this excellent, in-depth comparison. Very helpful!
Thanks so much, Cesar!
Excellent! Thx
Excellent!!
We're glad you liked it! Thanks for watching, Aida. 😊
Thank you!
Hey, my man, any assistance in migrating subscription payments from Stripe to Square. I have 6000 subs paying me monthly on Stripe, I want to migrate some over to Square to offset some risk.
Also, if my stripe is affected, is there a way to transfer to square
Thanks
Would love to connect on call
I started a fine arts business this summer. I working to setup my e-commerce shop now. I’m a tiny business that plans to sell my prints, and originals. Should I use stripe or square? What’s easiest for shipping integration? I plan to only sell within the U.S.
- Is there a comparison chart to better understand the platform crossovers and pros and cons???
Hi Sarah! It's hard to say for sure based off of the little information you've provided, but we'd encourage you to look into Square. To learn more about Stripe VS Square (including a comparison chart of the two) check out our article: www.merchantmaverick.com/stripe-vs-square/?.com&Square+VS+Stripe%3A+Which+Is+Better+For+Online+Payments%3F&video_id=L2wxV2CJYZk#Stripe_Or_Square_Which_Is_Best_For_Me. We hope this helps!
@@MerchantMaverick thanks for the help! I’ll check out the link
como lo puedo adquirir soy de argentina
What would be better for a photography business?
Hey Alexis! It really depends on how you set up your business. If you primarily do your commissions online or sell internationally, then we recommend Stripe. If you have a gallery and sell via mobile payments, then your best bet would be Square! We have full reviews on both. Stripe review: www.merchantmaverick.com/reviews/stripe-review/ & Square review: www.merchantmaverick.com/reviews/square-review/. We hope this helps!
Brilliant . You need your company name a bit more in this video. How about a Merchant Maverick baseball cap and Merchant Maverick earrings?
We wouldn't be opposed to any of those things, Ritchie! If you've got the merch, flaunt it!
@@MerchantMaverick Hahaha! Definitely :) Subscribed.
Does stripe offer discreet marketing for my invoices as im aware of the services my clients are buying and the name that would appear on their bank statements
Hello! Thanks for stopping by. Stripe does give you a lot of control over what your invoices look like, so you certainly could be vague about what you're charging your customer for when you design your product or service, but we're not aware of a way to completely disguise all aspects of the transaction. We hope this helps!
Question: Do I need to connect QuickBooks to square or stripe?
Hi Grace! There is actually some great info on integrating QB with Square and Stripe in the QuickBooks Community! Here is a link: intuit.me/3k3QdIq
Time Stamps?
Flexa bout to run this shizzle
I have a tele-health HRT startup company that I'm trying to figure out which is the best option. I will be having recurring payments, but the majority (est 98%) of payments will be traditional CC or debit card. Can anyone point me in the right direction? Great video! Thanks so much. Very informative. But somewhat inconclusive for me personally. I will NOT be doing any ACH.
Hi there! It really comes down to how you're billing but we'd recommend Stripe since it sounds like you're planning to do recurring billing and will most likely be billing by invoice. With that being said, there are a lot of other options out there, too! For a list of our top recommendations, check out our blog post: www.merchantmaverick.com/healthcare-payments/.
We hope this helps! 💪
Extremely help full stripe holds the payout if a single sale has issue happened with me.. and customer was fine with the charge it was bank who claim the charge fraudulent.. later sort this but it was just weird.
Hi Ali! Thanks for sharing your Stripe experience with us--We are so glad you were able to get the issue sorted out!
forgive me if this was explained but with square when it comes to the transaction fee is that on the customer or can we eat that fee?
Hi, Nick! You will be responsible for paying the transaction fee. To learn more about Square's rates & fees, check out our post. Hope this helps! Thanks for stopping by 😊 www.merchantmaverick.com/how-much-does-square-charge/
What is considered a high risk business? I’m an artist who wants to start selling online, but with just a few pieces of art to start
Hi Janine! We have a great post that details which businesses and industries are high risk: www.merchantmaverick.com/high-risk-business-company-industry/
But we also just published a post on the best websites to sell art! This post may actually be more relevant & helpful to you: www.merchantmaverick.com/selling-art-online/
Best of luck with your art!
@@MerchantMaverick maybe it’s a mistake to read all the negative comments on Facebook . What I’ve noticed when I’ve visited art fairs here in Toronto is that square is popular with artists. I’ve asked them if they like it and if they get their money and they do. Since my blog is Wordpress I may go with square with woocommerce . I will have to subscribe with my home address though . Does square disclose that to people ? What I’d rather do is only give it to people if the prove with photos that artwork shipped damaged and they can ship it back to me or what some artists do is they just refund it at a loss . But I’m going to carefully plan how I package my art so that won’t happen and display videosnippete of my art as well as photos so they know what they are getting. As well as establishing a following on you tube which I’ll embed in my blog . I guess stripe can be an option too but I’m leaning towards square . I think 🤔💭💭
@@JanineMKartist Square shouldn't disclose that information (your home address) to customers on its site and you can customize invoices, etc.
However, we do recommend considering getting a PO box and using that as your public address if you're seriously concerned about privacy. Shipping labels and such will still have the return address so customers will be getting your address when they order. That's true of PayPal, Amazon, etc.
Also, in general, providing contact information and an address helps with credibility and gives customers a way to contact you, which can help reduce chargebacks. So having an address, an email, and even a phone number (maybe routed through Google phone so it's not your personal number) can be a good way to build trust and prevent issues down the line.
Can you help me about the request of my boss? "What I need is a list of platforms that allow admins to give multiple access to a payment card or payment account so others can make payments on my behalf.
For example if I wanted to assign this task to you to make a payment to Karla for example, I wouldn't want to give you my bank details to transfer any amount you wanted to any account without my permission, however if I needed you to make a payment I can track this and the payment would be safe for me."
Hey Rey!
That sounds like either a job for a corporate credit card, or possibly a payment processor or neobank that offers B2B transactions. Stripe does have card issuing if your boss is looking for something along those lines.
You can check out the links below for more info!
Best Corporate Credit Cards: www.merchantmaverick.com/the-best-corporate-credit-cards/
B2B Payment Processing: www.merchantmaverick.com/the-complete-guide-to-b2b-payment-processing/
Yeah, sounds more like a business credit card or business checking account. I think chase business checking accounts allow multiple cards for employees so that they can send money without the boss' personal details, and the boss can still track
Square is still holding 4K of our money. Don't do it.
Ugh Elton! We are so sorry to hear that! You may want to check out the section of our Square review that addresses "Account Stability Issues/Funding Holds" for some insight into the process and any options that may be worth exploring. Here is the link: bit.ly/2WYMPXn Good luck!
Anything get better? Any new info?
try the brex cash card you can add your regular business bank account and your revenue would be loaded immediately when you get approved for the brex cash account
Thanks for all the great information! Can Stripe handle multiple businesses through one user account, Similar to how you can with Square?
Hi Christian! It looks like you can only associate one tax ID per account, so we don't think you could use it that way. You may want to reach out to them directly though, to confirm. Good luck to you!
thank you but I am lost by all of the jargon.
Oh no! We're sorry to hear that. Maybe you'll get a better understanding of which is best for your business by checking our our Stripe VS Square blog post! www.merchantmaverick.com/stripe-vs-square/. We hope this helps. 😊
Do not use square. They close and put a hold on your account out the blue with no reason. Then hold your money for 90days. Their customer service sucks.
Square has such a low rating on the better business bureau. Yikes!!!!!!
Hi, yes the BBB reviews can look a bit scary. The alert at the top of the page explains that the Cash App, the consumer-based app, lacked the appropriate customer service care at the time it was launched, and it has now improved.
We like to take a look at several types of review sites to get a better balanced overall picture so you can also check reviews at the app stores, which are all very good, as well as Trust Pilot: www.trustpilot.com/review/www.squareup.com
Another thing to keep in mind that typically with BBB, there is a negativity bias, because the small percent of people having the issue report there. We hope this helps to alleviate some fears, but also that you find the best option for you! 😄
Playback speed 1.25 👌🏽
Square HOLDS YOUR MONEY!!!! PLEASE DO NOT DO IT
Respectfully, your information seems very good but your presentation is very dull. Jazz it up, sir! Maybe animations or stock video clips?
Ha! Thank you so much for the feedback glenn! We've passed it along to our video team ;) Great tips!
Oh, no, no, no. Precisely what I love about this video is NO STOCK VIDEO CLIPS OR ANIMATIONS. Let's stop making videos for adults look like Sesame Street sketches.
@@doingisking8814 Noted! We appreciate the feedback and we're working hard behind the scenes to get it right!
@@MerchantMaverick you did great I’m here for information not entertainment, thanks for the video
This video was super helpful. No need to change a thing. Very informative.
Im hesitant to go with Square since Jack owns it and targets Conservatives, I'll go with Stripe and figure it out. Great video especially a current video.
We wish you much success whichever option you land on!
Hello, I want to discuss with you about square/stripe payment gateway. Basically i'm from India and I have good business however i'm lacking because I don't have USA based payment gateway.
Please let me know further
Square has a "1 Star" rating on BBB...
Stripe does as well
Is using both return value from stripe and updating my backend + using webhooks as a redundant a good solution?
Hi there! Not sure we understand your question. Do you mind elaborating on it a bit more for us?
I was thinking on using stripe to receive payments from clients by emailing them the invoice. But sadly stripe isn't available in my country. And in your video square also has that function but like you said it only works for USA only. So do you have any recommendations on what online payment tool I should use? Pretty lost tbh
Hi there! It would be really helpful to know what country you're in so that we can help!
@@MerchantMaverick Hi! Thank you for responding. I am based in Peru! I was doing a bit of research and found that payoneer also has the invoice link function and my client wouldn't have to create an account, they could just click the link and fill their name + credit/debit card and the payment would be complete. But if you've any other suggestions I would highly appreciate them!
@@renderllama7036 Payoneer is a great choice! We also encourage you to look into 2checkout. You can find our full review here: www.merchantmaverick.com/reviews/2checkout-review/. We hope this helps!