Square vs A Merchant Account
Don’t Be A Square . . . Cause Square is Never A Round!
Square
Square, Inc. is a financial services, merchant services aggregator and mobile payment company based in San Francisco, California.
Badgers Business Solutions
Broker representing multiple processing companies, banks, and various equipment manufacturers with their main headquarters located in Cape Coral, Florida.
COMPARE
| Square | Us | |
|---|---|---|
| Rates. You need to know the difference. Scroll down to learn the difference between Flat Rate and Swipe Rate | Flat Rate 2.6% + .10 cents | Swipe Rate .50% and up |
| Live 24/7 Customer Service by Phone |
NO | YES |
| Local Representative | NO | YES |
| 1 to 2 Day Funding | YES | YES |
| Free Mobile Swiper Reader and Chip Car Reader |
YES | YES |
| Installed by an Agent | NO | YES |
| Point of Sale | LIMITED OPTIONS | MANY OPTIONS |
| Free Invoicing | NO | YES |
| Payments Page | NO | YES |
| Recurring Billing | YES | YES |
| Quickbooks Sync | YES | YES |
| Phone/Tablet Application | YES | YES |
| Virtual Terminal | YES | YES |
| Gift Cards & Loyalty Cards | YES | YES |
| eCommerce | YES | YES |
| Appointment Setting | YES | YES |
| Employee Management | YES | YES |
| Customer Directory | YES | YES |
| App Marketplace | YES | YES |
| Developer APIs | YES | YES |
| Capital (Loan to Grow Your Business) |
YES | YES |
| Free Shipping | YES | YES |
| Cancellation Fee | $0.00 | $0.00 |
| Free Marketing locally through word of mouth, local website directory, social media and email blasts. | NO | YES |
| Food & Beverage, Restaurants, Coffee Shops, Bakeries, Food Trucks, Retail, Apparel, Groceries, Beauty Professionals, Salons, Spas, Health & Fitness, Home & Repair Services, Professional Services, Leisure & Entertainment, Organizations, Transportation |
YES | YES |
A Square Alternative
CONSIDER THIS
Flat Rate vs Swipe Rate
Square Know what you pay and get paid fast. That is what they say. Square rates our now 2.6% + .10 transaction fee no matter what type of card you take. They also claim this is great for a small business. Any business owner I talk to wants to put as much money in their pocket as possible. Flat rate puts more money into their pockets, not yours.
Badgers Business Solutions We set you up to pay the swipe rate assigned to that particular card the customer hands you. Swipe rates start as low as .50%. Why pay 2.6% on a card when you can pay less. Paying the swipe rate on a card is what saves you money.
Who do you call when you have an issue?
Who Do You Call?
Square Is there a number to call? Do you have to send an email instead? The person on the other side of the line does not know who you are. You are another account to them.
Badgers Business Solutions To us, you are a client. You will have our number to call. Customer service available 24/7/365
What if you have a problem getting your money?
What if you have a problem?
Square You get an account online through a third party site, a website or at a box store. There is no agent. You reach whomever answers the phone or responds to an email. This is your money we are talking about. You don’t have a problem, until you do. What then?
Badgers Business Solutions With us, you get an agent who will take care of the problem for you. You get to run your business and we take care of any issue you may have.
Why do you not want a third party like “Square” to handle your credit cards?
Square is a Third Party
Square
What does that mean? This means you don’t have an account with Visa and Mastercard. You will have to rely on Square to take care of any problem you have. They must fight on your behalf.
Badgers Business Solutions
You have a direct account with Visa and Mastercard. You deal directly with them and not a third party.
Square is a Data Collector
Square Ever notice when you purchase something, the place of business already has all your information? In the fine print, they tell you they collect data. To some this doesn’t matter. But, to some, it really does.
If you are a burger joint and a competitor, like McDonalds for example, wants to build a location in your back yard. Square can sell your data to your competitor. Now they know how much you did in sales AND your customers emails and phone numbers so they can start marketing to them.
Badgers Business Solutions You get to decide which processor to go with and what policies to implement in your place of business. Your data is for you… to help you grow your business not others.