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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.

 SquareChase Payment Solutions
 Visit SiteVisit Site
 

Square

Chase Payment Solutions

SPECIAL OFFER
Square Reader: Free Mobile Credit Card Reader - Learn More

Read Square Review

SPECIAL OFFER
Chase Payment Solutions℠ - Learn More

Read Chase Payment Solutions Review

 

Benefits and Features

Monthly Fee
Starts at $0/mo
 
Good ForMobile & small businesses with average transaction over $100 
EquipmentCard reader: $0 to $59; Stand, Terminal, and Register available for purchase 
Accept International Payments
USD payments only
 
Customer ServicePhone, Email, Live Chat Support, Seller CommunityGet 24/7 support, online or from a live U.S.-based Chase Payment Solutions agent.
Fraud Prevention Tools
Check
 
Invoice Management
Check
 
Pricing Model
Flat rate
 
Recurring Billing
Check
 
ACH Payments
1% ($1 minimum)
 
Swipe Rate
2.6% + $0.10
2.6% rate +10¢ per tap, dip and swiped transaction
Online Rate
2.9% + $0.30
2.90% + 25¢ per eCommerce transaction and monthly fee starting at $9.95
Keyed-in Transaction Fee
3.5% + $0.15
3.5% rate +10¢ per keyed transaction
Deposit TimePayments before 5PM PT / 8 PM ET is available the next business dayFast funding at no additional cost. Get deposits as soon as the same day
Chargeback Fee
None
 
 

CreditDonkey® Reviews

 SquareChase Payment Solutions
PriceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
EquipmentStarStarStarStarStarStarStarStarStarEmpty Star
ContractStarStarStarStarStarStarStarStarStarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
EcommerceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
High Volume BusinessStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Low Volume BusinessStarStarStarStarStarStarStarStarStarStar
Pros & ConsPros:
  • No monthly or annual fee
  • Free swipe card reader
  • Low, predictable fixed rates
Cons:
  • Flat-rate pricing can be expensive for larger businesses
  • Costly add-on services
Pros:
  • Competitive mobile processing
  • Same day funding available
  • No contract available
Cons:
  • Other fees not disclosed
  • Some poor user reviews
Bottom LineGood credit card processor for low-volume businesses... Read full reviewWell known processor with extra benefits for Chase banking customers... Read full review
 Visit SiteVisit Site

Chase Payment Solutions℠

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Square Reader: Free Mobile Credit Card Reader

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

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

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

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.


Articles on Square

Square Alternatives

Square is one of the most popular POS systems. But is it the best choice for your business? See how Square compares to top competitors and alternatives.

Square Review

Explore a thorough review of Square's cost, security, and benefits for businesses. Find out if it's the right choice for you.

Best Square POS Alternatives

Square or Clover? Square or Shopify? Solve your POS dilemmas with this in-depth comparisons of top Square POS alternatives for small businesses.

Square vs Stripe vs Paypal

Square, Stripe, and PayPal are the most popular credit card processors for small businesses. What's the difference and which is right for you?

Square vs Clover

Square is cheaper to get started, while Clover offers more flexibility. Which one is better for your small business? Find out how they compare.

Square vs Merchant Account

Square is simple with flat rate pricing, but a merchant account can provide better savings. Which is better for your business? Read on to compare.

How Much Does Square Charge

Square's mobile card reader lets you accept credit card payments. But how much does Square cost? Read this review to see if it is good for your business.

Square Rates

Square offers a free credit card reader. But there are transaction rates and processing fees you need to be aware of.

Square vs PayPal

Is Square or PayPal better for your small business? Find out how they compare in pricing and features.

Articles on Chase Payment Solutions

Chase Payment Solutions Review

Discover the benefits of Chase Payment Solutions. Learn more about their user-friendly features and pricing. Is this your business's top choice?

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a credit card processing comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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