Square vs Chase Payment Solutions
Square is a good credit card processor for low-volume businesses. How does it compare to Chase Payment Solutions? Read our comparison chart below.
Square has a low swipe fee of 2.6% + $0.10 per transaction. It has no monthly fees, no contract, and no chargeback fees. Square offers a free swipe reader, feature-rich POS app, free virtual terminal, and free online store.
While Chase Payment Solutions is used by over 5 million businesses. It offers flat-rate pricing, at 2.6% +10¢ per tap, dip and swiped transaction. Plus, same-day deposits are available with a Chase Business Complete Banking account.
Compare Square with Chase Payment Solutions, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Visit Site | |
Square | Chase Payment Solutions | |
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Square Reader: Free Mobile Credit Card Reader - | Chase Payment Solutions℠ - | |
Benefits and Features | ||
Monthly Fee | ||
Good For | Mobile & small businesses with average transaction over $100 | |
Equipment | Card reader: $0 to $59; Stand, Terminal, and Register available for purchase | |
Accept International Payments | ||
Customer Service | Phone, Email, Live Chat Support, Seller Community | Get 24/7 support, online or from a live U.S.-based Chase Payment Solutions agent. |
Fraud Prevention Tools | ||
Invoice Management | ||
Pricing Model | ||
Recurring Billing | ||
ACH Payments | ||
Swipe Rate | 2.6% rate +10¢ per tap, dip and swiped transaction | |
Online Rate | 2.90% + 25¢ per eCommerce transaction and monthly fee starting at $9.95 | |
Keyed-in Transaction Fee | 3.5% rate +10¢ per keyed transaction | |
Deposit Time | Payments before 5PM PT / 8 PM ET is available the next business day | Fast funding at no additional cost. Get deposits as soon as the same day |
Chargeback Fee | ||
CreditDonkey® Reviews | ||
Price | ||
Equipment | ||
Contract | ||
Customer Service | ||
Ecommerce | ||
High Volume Business | ||
Low Volume Business | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Good credit card processor for low-volume businesses... | Well known processor with extra benefits for Chase banking customers... |
Visit Site | Visit Site | |
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Square Reader: Free Mobile Credit Card Reader
- Pay 2.6% + 10¢ Per Swipe for Visa, Mastercard, Discover, and American Express
- Accept Credit Cards Anywhere
- Fast Setup, No Commitments
Square Contactless and Chip Card Reader
- Pay 2.6% + 10¢ per tap or dip for Visa, Mastercard, Discover, and American Express
- Accept Chip Cards and Contactless Payments Anywhere
Square Terminal
- 2.6% + 10¢ per tap, dip, or swipe
- Fully integrated POS system with built-in receipt printer
- 5.5" display
Chase Payment Solutions℠
- Limited time offer: Get $100 off the Chase Point of Sale (POS)℠ Terminal. Fill out the form and ask a Payments Advisor how to claim.
- Fast funding at no additional cost. Get deposits as soon as same day.
- Get fair and transparent pricing with no hidden fees. 2.6% rate +10¢ per tap, dip and swiped transaction. 2.90% + 25¢ per eCommerce transaction and monthly fee starting at $9.95. 3.5% rate +10¢ per keyed transaction.
- Get paid fast and manage your business from anywhere with the Chase Point of Sale system. Use our mobile app, reader and terminal to take payments via tap, dip and swipe.
- Process payments with Chase Payment Solutions, the #1 merchant acquirer in the U.S.
- Tap to Pay on iPhone offers you the ability to accept contactless cards, Apple Pay and other digital wallets on your iPhone – no additional hardware required.
- Chase Customer Insights is a complimentary business intelligence platform that offers simple, actionable analytics and reports to help you make better business decisions and reach more customers.
Which is Better: Square or Chase Payment Solutions?
Still need help deciding which merchant services is better? Read the in-depth reviews below. You may also be interested in comparing Square or QuickBooks.
In short: Square's equipment and contract are impressive.