Comparing payment systems is a smart practice. It is best that you know the advantages and disadvantages of the system that you select. Having surprises when it comes to your money is never a good thing.
That is why we are looking at Square vs. PayPal.
These are two popular systems, which many merchants and individuals consider from time to time.
Square vs Paypal:
The Pros and Cons of Using Square
“Square is one of the most popular mobile payments services, claiming to have more than 2 million users. Its card reader is a small, white square that plugs directly into smartphones and tablets.”
The Square app can be located at Cash.me website. This app is similar to PayPal and Google Wallet.
Square Cash permits you to transfer money directly to people using your email rather than with an online cash app. This is typically linked to your debit or credit card.
You can download that app using the iTunes store or on your Android phone, using Google Play.
A third of Smartphone users send money via money transfer app at least once every 6 months. This is according to eMarke. ter
The Features of Square Cash
You can send money using square cash in one of three ways. These include:
Advantages with the Square System
The Square Cash has its advantages and disadvantages some people prefer to use PayPal are this prefer to use Venmo. But today, we are reviewing Square vs. PayPal.
Easy To Navigate
Custom Product Photos
Square Cash Online Dashboard
Set up Rewards Programs
Disadvantages with the Square System
Unfortunately, there are disadvantages in using the square app, notwithstanding it is predominantly an Apple iPhone product. These causes it to perform less than stellar when we look at Square Vs PayPal.
Lacking in Tech Support
Square vs Paypal:
The Pros and Cons of Using PayPal
“PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. The company operates as a payment processor for online vendors, auction sites, and other commercial users, for which it charges a small fee in exchange for benefits such as one-click transactions and password memory.”
There is no doubt that PayPal is a widely used payment processing platform. This is especially true when it comes to dealing with payment specific to internet marketing.
PayPal gives you a number of benefits. This usually makes them the first choice when it comes to handling payments online.
But there are both advantages and disadvantages to using PayPal.
Advantages with the PayPal System
PayPal is very easy to set up an account, whether it is an individual or merchant account. This is why many people choose to use their platform.
Instant Access to your Money
Built-In Recurring Billing System
Super Easy to Setup Payment Buttons on Your Sites
Disadvantages with the PayPal System
Nevertheless, it's not that PayPal is without disadvantages. It is just like other systems, but admittedly better.
Long List of Regulations
Follow their Buyer Protection Policy
Closing of Accounts on PayPal
Customer Service is Not Quickly Responsive
Which Will You Choose At The End Of The Day, Square Vs PayPal?
Even though they're all these disadvantages to using PayPal, the advantages are numerous pays off in the long run, but especially in the short term.
They have a safe system and tons of customers. PayPal supports thousands of individuals and online merchants. Not to mention, they have a proven record and a long established reputation.
This makes Square vs. PayPal a great alternative as a merchant account system.