Square vs PayPal (2020)

Looking for an easy way to accept payments for your business? This 2020 video of our Square vs PayPal comparison breaks down the pros and cons of each service, from the mobile POS app to online payment options.

Here are the updates for 2020:
1:53'_PayPal has dropped Windows compatibility. No chip and PIN support.
4:24'_Invoicing: PayPal’s virtual terminal requires a $30/month subscription vs Square which offers it for free.
10:00'_Fees & Rates: PayPal - 2.75% per swipe, dip or tap; Square - now 2.6% + $0.10; previously 2.75%.

Thank you for your answers to our 2019 poll:
Here are the results: 89% of our audience voted for Square while 10% voted for PayPal.

Products and Services _ 0:53'
MPOS Systems _ 1:33'
Online Payments _ 3:17'
Invoicing and Virtual Terminals _ 4:18'
Other Features _ 4:36'
Integrations and Add-Ons _ 6:21'
Contract Length and Cancellation _ 7:59'
Sales and Advertising Transparency _ 8:23'
Fees and Rates _ 9:59'
User Reviews _ 11:21'
Final Verdict _ 13:37'

RESOURCES & LINKS MENTIONED IN THIS VIDEO:

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Say hi on social:

[MerchantMaverick]

Thanks for watching! With this side by side comparison, have you found an easy way to accept payments for your business?

[AMShokr]

One of the better videos I have seen regarding Square. Thanks! (volume recording could be better though)

[tgreer]

I understand why Square being available without an internet connection is desirable for some, but what if, when you DO get an internet connection and the card someone gave you is declined. Now they have your product and their money?? Or am I missing something?

[UptownSport]

PayPal gave customers the message that they were reviewing the account; money wouldn't be available immediately to the merchant (me). A friend let me know, I contacted a PayPal clerk, who said it just happens. I complained and complained- They did just clear the message, and I never heard anything further. I had two orders from Puerto Rico, NEVER an issue in 20 yrs, so I wonder if that was it. This happened at the most inopportune time, of course ....

[jimevans]

PayPal absolutely is the worst in 2020. Don’t waste your time and money with PayPal...go with square and save yourself the hassles.

[AngelicArtiaga]

I love the information. But had to stop watching. The music is so loud. It’s difficult to focus on you with the music which has nothing to do with the message. Just a note. Thanks

[mhypersonic]

The way I see it although they're both applicable square is suited for in-person on-the-go swiping and PayPal is better suited online.

[JamesDBuzzard]

You should update this video. I think Square beats pp in 2020

[jaywatt]

With Square, any limitation on the business volume? (especially in millions from a single transaction) lately a lot of orders coming from oversea for medical supplies for COVID-19.

[LaviDzine]

Wow in the states you guys get ripped on % fees - In the UK Square is 1.75% per dip/chip! Compared to Paypal (In fact most card payment processors) Square is dominating the market over here and is by far the cheapest card payment handler. Couple that with the fact you money is deposited in your bank next day or withing 20 mins if you request immediate payment - its a no brainer.

[amineunshakable]

PayPal can close your account if you do affiliate commissions for sure, would you say the same things for Square ..?

[franksanchez]

I'm trying to decide which stock I want to own .... PayPal is well known strong brand square is still coming up they are smaller but they have more room for growth !!

[garnetgirlvintage]

great video, very helpful, I've been watching so many and you made this very simple, thank you!!

[ProfessorTime]

I was wondering which one was better for Online Shopping. Thanks. I'll go with PayPal...

[michaelfisher]

Hi, how are you? You must in be in the USA correct as the FEES are incorrect for Australia and New Zealand, In Australia a Card Present transaction is 1.6% on the Square Handheld Terminal or 1.9% on the cheaper Square reader and 2.2% on manual entry plus no extra fee. Square deposit to your account every weeknight Automatically PayPal in Australia starts at 1.9% + $0.30 or manual entry 2.2 + $0.30 and you must sign in yourself and do the bank transfer manually every time. Square told us is we take the time do upload templates and other business docs and ID to the Square Secure tab on the full website and have customers use THE PIN on the card Charge Backs holds never usually happen unless the bank confirms Lost/Stolen card but the hold amount is only on that traction, but again Square Deposit all card funds every weeknight.

[denislyons]

will I be able to use my square Internationally like the Caribbean.. ???

[semihyldrm]

Excellent review. Thanks for the time and effort you dedicated to this video.

[artisticchick]

I have a question that I need for you to help me with my business is run as a small based business that I do at home. I am a vendor that sells jewelry. And I want to make sure when I do do events that have to do with vending I want a system that's fast and easy for my client which one should I use PayPal or Square. And does both services transaction go through my bank account if so when I do get these services can I in the meantime use my personal bank account until I get a business bank account

[blcain]

Very informative video. Thanks. I see no reason both PP and Square can't be used. PP for the website and Square when you do craft shows.

[ashodmartirossian]

Square is an excellent choice if one doesn't need 2 currencies. I am still looking for a solution because I need USD transactions for a Canadian corporation and Square can't supply that.