Payment Processing With Square: Best POS Tool for Businesses

Looking for a simple payment processing tool that serves all your business needs? Our partner Square can help you accept online and offline payments. Get the best plans and exclusive offers through our partnership with Square.

What Square Offers: Key Products and Offerings

Square payment gateway offers a wide range of products for all business types including retail and service-based industries.

POS Solution

The Square point-of-sale solution makes it easy to sell products anywhere. Square allows you to sell your products online, over the phone, or in-store.

Payment Processing

Square allows you to accept all types of payments securely and seamlessly. Be it in-person payments or online payments, Square makes it easy.

Easy Banking Option

Besides payment processing, Square lets you open a merchant’s account, and sync your cash flows and payments together.

Third-Party Integrations

Square enables seamless integrations with third-party applications that make your payment processing and collection easier.

How Square Payment Processing Works: The Process

When you swipe a customer’s credit or debit card, the card information gets sent to the card reader, which then sends it to Square. Square then transmits that information to the receiving bank.

Here’s how the payments work:

With a square checking account, customers can pay you using their Square debit cards and you can access the funds instantly at no added fees.

You can transfer payments from your Square checking account to a separate bank account of your choice at an additional 1.5% fee.

Payouts directly to your merchant account typically get transferred in a few business days at no additional cost to your business.

If you want your merchant bank account payouts transferred on the same day, you’ll incur a 1.5% extra fee on top of the processing fee.

Get amazing offers on payment processing through BG4Y’s partnership with Square.

Why Choose Square Payment Processing

Square payment gateway is most popular for its Point of Sale software and hardware solutions. With a Square Reader, you can accept payments online via an app, website, or desktop.

The POS devices are easy to set up and do not need any technical knowledge. Square also supports offline mobile payments. Here are more reasons businesses prefer Square over other payment processors.

Payment Options

With Square Payments, you can accept all forms of payment securely, including credit cards, Apple Pay, Android Pay, ACH payments, checks, and a lot more. You can also create invoices to be paid later.

Competitive Prices

Small businesses get subjected to arbitrary fees for credit card transactions by issuers and are bound by costly, lengthy agreements. Square offers a flat rate for every payment; with no extra or hidden fees.

Growth Tools

Besides providing many payment options for businesses, Square goes further. It provides data and analytics to help you personalize customer information and history for marketing and strategic decision-making.

Square Point of Sale Solutions

The tool has an iPhone application that enables you to take contactless payments on the go. Here’s more of what it enables you to do:

  • Activate Tap Pay on your Apple phone to take cardless online payments, or for accepting card payments.
  • Track your customer’s payment records, online purchases, and preferences, and create personalized marketing campaigns.
  • Connect to other tools to help manage your business teams, pay employees and accept payments over any device.
  • Synchronize your offline and online store and manage your entire business from a single platform.

With one tap, the Square point-of-sale solution enables you to accept payments from any platform online, including social media pages.

Square Payment Processing Equipment

Square offers payment processing hardware options like credit card readers and plugins for online and offline payments. These include:

  • Magnetic stripe reader: It’s a straightforward mobile credit card reader that connects to the headphone jack on your phone.
  • Square stand mount: You can turn this versatile iPad POS into a stationary POS system and mount it on your checkout counter.
  • Contactless chip reader: It’s a small wireless device that lets you accept contactless payments, EMV chip cards, and mobile wallets.
  • Square terminal: This comprises an all-in-one credit card solution with a card reader, screen, and receipt printer.

The Square terminal is suitable for businesses that prefer not to use a mobile device to accept payment.

FAQs

Square can process all types of payments for both in-person and online stores. It’s a fully integrated PCI-compliant payment processing solution. Square offers a complete payment processing solution for businesses and is better than most payment processing services.

Square has magnetic stripe card readers that you can use to collect payments online and in-store. You’ll need to connect Square to a merchant account to accept payments. Square allows you to accept payments using credit and debit cards and any other preferred payment method.

Square supports chips and mega stripe cards, such as Mastercard, Visa, and UnionPay, issued in the USA and other countries. It also supports mobile wallets like Google Pay and Samsung Pay. You can also receive checks and an ACH bank transfer.

The flat-rate fee for Square payment processing is 2.6% + 10¢ for swiped cards, contactless payments, and inserted chip cards. Payments made using their virtual terminal and Card on File are charged a 3.5% + 15¢.

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Make Business Transactions Easier for Your Customers

Let Square manage your orders in your ecommerce and physical stores so you can sell your products anywhere. We’ve chosen Square as a partner because it offers the best solutions at competitive prices, so you can trust it to meet your needs.