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Square VS Verifone

Compare Square VS Verifone and see what are their differences

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Square logo Square

Square helps millions of sellers run their business-from secure credit card processing to point of sale solutions. Get paid faster with Square. Sign up today!
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Verifone logo Verifone

Verifone (formerly 2Checkout) is a third-party payment platform that allows businesses to accept both mobile and online payments from customers around the globe.
  • Square Homepage
    Homepage //
    2024-05-06
  • Verifone Landing page
    Landing page //
    2023-09-16

Square features and specs

  • Ease of Use
    Square's platform is known for being user-friendly and easy to set up, making it accessible for small business owners with little technical expertise.
  • Transparent Pricing
    Square offers straightforward, flat-rate pricing with no hidden fees, which helps businesses understand their costs upfront.
  • Integrated Solutions
    Square provides a comprehensive suite of tools including POS systems, online store, invoicing, payroll, and more, enabling seamless business operations.
  • No Long-Term Contracts
    Square does not require long-term contracts or commitments, allowing businesses flexibility in choosing their service provider.
  • Omnichannel Capabilities
    Square supports sales across various channels, including in-person, online, and mobile, offering versatility for different business models.
  • Next-Day Deposits
    Square offers next-day deposits, ensuring that businesses have quick access to their funds, which is critical for cash flow management.

Verifone features and specs

  • Global Reach
    2Checkout supports a wide range of currencies and payment methods, allowing businesses to cater to a global audience. This can be particularly beneficial for companies looking to expand internationally.
  • Versatile Payment Methods
    2Checkout accepts various payment methods, including credit cards, PayPal, and local payment options. This versatility can help increase conversion rates by accommodating customer preferences.
  • Comprehensive Features
    2Checkout offers a robust set of features, including recurring billing, fraud protection, and customizable checkout options. These features provide a seamless checkout experience for customers and protect businesses from fraudulent transactions.
  • Easy Integration
    The platform offers a range of integration options with major eCommerce platforms and APIs, making it relatively easy to set up and customize for business needs.
  • Good Reporting Tools
    2Checkout provides detailed reporting and analytics tools that help businesses monitor sales, revenues, and customer behavior. These insights can be valuable for strategic decision-making.

Possible disadvantages of Verifone

  • Higher Fees
    2Checkout tends to have higher transaction fees compared to some other payment gateways, which can affect the profitability of small businesses or those with a high volume of transactions.
  • Customer Support
    Some users report that the customer support can be slow or unresponsive at times. Efficient customer support is crucial for resolving issues promptly and maintaining business operations.
  • Complex Pricing Structure
    The platform's pricing structure can be somewhat complex and may include hidden fees, making it challenging for businesses to predict and manage costs accurately.
  • Limited Customization
    While 2Checkout offers customizable checkout options, some businesses find the level of customization limited, especially when compared to other more flexible payment gateways.
  • Delayed Payouts
    Some users have reported that payout times can be slower than expected, which can affect cash flow management for businesses that rely on timely revenue collection.

Analysis of Square

Overall verdict

  • Yes, Square is generally considered a good choice for businesses looking for an all-in-one payment and business management solution. It is particularly praised for its user-friendly interface, competitive pricing, and reliable customer support.

Why this product is good

  • Square, known for its point of sale solutions, has built a strong reputation for its ease of use, transparent pricing, and comprehensive features suited for small to medium-sized businesses. It offers seamless integration with various hardware, software, and payment processing services, which are particularly appreciated by users who want a straightforward setup. The platform also provides useful analytics, invoicing, and inventory management features that help businesses efficiently manage their operations.

Recommended for

    Square is recommended for small to medium-sized businesses, especially in the retail, food and beverage, and service industries, who need a versatile and scalable payment processing and business management solution. It is particularly beneficial for those who prefer a cloud-based service with seamless integration across multiple devices.

Analysis of Verifone

Overall verdict

  • Verifone is generally considered a solid choice for businesses that require a comprehensive payment solution with strong global capabilities. It is trusted by many users for its flexibility and robust security features. However, some users may find its fee structure higher compared to other providers, which should be considered when evaluating its value.

Why this product is good

  • Verifone (formerly known as 2Checkout) is a well-established payment service provider known for its global reach and versatility. It offers a robust platform for handling online payments, subscriptions, and global taxes, making it a popular choice for businesses looking to expand internationally. With a wide range of payment options and strong security measures, Verifone provides a reliable solution for managing transactions efficiently.

Recommended for

  • Businesses seeking a global payment solution with multi-currency support.
  • Companies needing a secure and reliable platform for handling subscriptions and recurring billing.
  • Merchants requiring extensive customization and integration capabilities with other eCommerce platforms.

Square videos

+ Add

Square vs PayPal 2020: A Side by Side Comparison

More videos:

  • Demo - Square Mobile Credit Card Reader Review | Squareup Demo | Pros & Cons
  • Review - I switched from Square to Paymentech. IMO, Squareup merchant services is garbage.
  • Review - What is Square - Square Review - Square Pricing Plans Explained
  • Review - 6 days left to dump Square merchant services before they begin screwing small businesses
  • Review - Square Eftpos Terminal Review 2023

Verifone videos

+ Add

2Checkout: The Good, The Bad and The Ugly

More videos:

  • Tutorial - How To Get Your 2Checkout Account Approved For Dropshipping | #62
  • Tutorial - How To Use 2Checkout To Process Payments On Your Shopify Store

Category Popularity

0-100% (relative to Square and Verifone)

Square

Verifone

Payments Processing
100 100%
Payments Processing
0% 0
eCommerce
0 0%
eCommerce
100% 100
Payment Platform
95 95%
Payment Platform
5% 5
POS
100 100%
POS
0% 0

User comments

Share your experience with using Square and Verifone. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Square and Verifone

Square Reviews

11 Alternatives to QuickBooks in 2024
If your business mainly processes card payments in-person in a retail setting, needs a few basic business tools like inventory tracking and sales reports, and is looking for something that seamlessly integrates with an ecommerce presence, Square is for you. It’s built for small retail and ecommerce businesses that are just starting out and looking for a lost-cost, low-risk,...
Source: www.bench.co
What to Use Instead of PayPal? 10 Best PayPal Alternatives
Square is another big name in retail payments and for a good reason. The easy-to-use platform lets you accept payments online or in-store. There are also useful available features such as invoices, contactless payments, point of sale, and eCommerce. Any extra features you add will be accessed via the same dashboard, letting you stay organised. Additionally, Square is...
Source: www.podium.com.au
The 6 best online payment processing services in 2024
Most of Square's features are free to use, but if you want to unlock more for your store and checkout experience, there are two subscription plans available. The highest one, Premium ($79/month), even lowers the transaction fee to 2.6% + $0.30 (from 2.9% + $0.30), so if you end up setting up shop with Square and start selling a lot, it may make sense to upgrade.
Source: zapier.com
POS: Best Point of Sale System Software for Small businesses
It may be used on tablets, smartphones, and Apple and Android devices. It is applicable to all business types, including bakeries. The business offers Square POS support around-the-clock.
Source: qpe.co.in
Best payment gateway: Top 7 best payment gateways
Square allows business owners to set up for both in-person and online payments with minimal effort or startup costs. Square might not be as suitable for entrepreneurs wanting more complex payment options, though.
Source: wise.com

Verifone Reviews

We have no reviews of Verifone yet.
Be the first one to post

Social recommendations and mentions

Based on our record, Square seems to be a lot more popular than Verifone. While we know about 41 links to Square, we've tracked only 1 mention of Verifone. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Square mentions (41)

  • Advertisement - Help Finding a Global Entry Appointment
    This is an advertisement and I want to provide all the details.. I am a software developer and avid traveler. I own this website and am the sole developer who wrote the entire software! This idea came about when I signed up for Global Entry and then couldn't get an enrollment interview. I offer a 100% Money Back Guarantee (https://globalentrytextalerts.com/moneyBack) if someone doesn't feel satisfied. The website... Source: about 2 years ago
  • How common is card/contactless payment?
    And now with Square it's dirt simple to accept credit card transactions, and the software even integrates into the NFC transceiver in modern iPhones--so even street vendors and local artists accept contactless payment cards. Source: over 2 years ago
  • FREE GAME 💳💰💰
    Https://squareup.com/us/en - Better with aged account and/or verified business. Do custom amount charges on phone and type in card info manually. Source: almost 3 years ago
  • Art Market Question: $$$
    I've seen this one quite a bit here: https://squareup.com/us/en. Source: almost 3 years ago
  • Squarespace Tutorial: Learn How to Build a Squarespace Website in 2022
    Squarespace supports several payment gateways, including Stripe, PayPal Business, and Square (for US point of sale transactions). - Source: dev.to / almost 3 years ago
View more

Verifone mentions (1)

What are some alternatives?

When comparing Square and Verifone, you can also consider the following products

Lightspeed - retail and restaurant point-of-sale, ecommerce, and omnichannel solution

Shopify - Shopify is a powerful ecommerce platform that includes everything you need to create an online store and sell online. Try it free for 14 days.

Toast - Built to make restaurants better. Toast gives your restaurant the technology you need to succeed in today's fast-paced environment.

WooCommerce - A freely available eCommerce plugin that enables shop facilities on your WordPress website. Functionality enabling extensions & beautiful themes available.

Odoo Point of Sale - Odoo is an online point of sale solution for retail and restaurants.

FastSpring - With FastSpring, software companies sell more, stay lean, and compete big.

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