The Ultimate Comparison of Square vs PayPal

Can't decide between Square vs PayPal for payment processing? Our comparison breaks down both to help you choose the best for your small business. Watch until the end to find out who's the winner! 🏆 Get Started with Square: merchantmaverick.go2cloud.org... (This link is an affiliate link. Merchant Maverick may receive a commission from clicks to these links.)
👉 Get Started with PayPal: merchantmaverick.go2cloud.org...
Disclosure: This video contains affiliate links. Merchant Maverick may receive a commission from clicks to these links. Note that we never accept payment for positive reviews. Learn about how we maintain editorial integrity while earning commissions here. www.merchantmaverick.com/edit...
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🔗HELPFUL LINKS:
- Square vs PayPal Comparison [full blog post]:
www.merchantmaverick.com/squa...
- Square Review:
www.merchantmaverick.com/revi...
- PayPal review:
www.merchantmaverick.com/revi...
- Square fees:
www.merchantmaverick.com/how-...
- PayPal fees:
www.merchantmaverick.com/the-...
- Check out our merchant accounts reviews page:
www.merchantmaverick.com/revi...
- UPDATE 🚨 PayPal Here is now PayPal Zettle:
www.merchantmaverick.com/revi...
- For more small business resources, visit:
www.merchantmaverick.com/?utm...
🎥CREDITS:
- Video editing: Duncan Tafel
- Envato Elements - • Video
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⏱️TIMETSAMPS:
00:00 - Intro
00:37 - What are the differences?
01:12 - Square overview
02:11 - Pros of Square
02:36 - Cons of Square
02:48 - PayPal overview
04:18 - Pros of PayPal
04:36 - Cons of PayPal
04:59 - Square vs PayPal: Features
08:44 - Square POS hardware
09:15 - PayPal POS hardware
09:27 - Online payment options
09:43 - PayPal checkout
10:12 - Virtual terminals
10:51 - Square vs PayPal: Reporting
11:50 - Developer tools
12:39 - Mobile payments
13:21 - Financing & credit products
13:35 - Business loans
14:15 - Credit cards
14:47 - Consumer financing products
15:06 - Square vs PayPal: Fees & Pricing
16:09 - Square Industry-Specific POS systems
16:54 - Square vs PayPal: Ease of use
18:04 - Square vs PayPal: Customer support
18:27 - Square's support options
19:24 - PayPal's support options
20:21 - Square vs PayPal: Review & complaints
21:31 - Square vs PayPal: Integrations
23:11 - Square vs PayPal: Key differences
24:41 - Which is best for your business needs?
24:47 - When to choose Square
25:14 - When to choose PayPal
25:28 - FINAL VERDICT
26:45 - Outro
#square #paypal #creditcardprocessing

[@anncaldwell9639]

Now I understand why my mechanic gives me a discount for using cash instead of a card.

[@khristopherpeterkin2786]

Stay away from square you are gambling with your money if you use then they will shut you down and keep your money for 90 days and customers service reps won’t help you

[@deemoore793]

Can you give some details please? Just signed up and I'm already a paranoid person. I went out on faith. I'd like to know as many possibilities that could transpire.

[@markangelquiatchon7831]

@@deemoore793 square is only for very small business and low-risk industry, to avoid this getting your funds held you can contact an accredited merchant service provider

[@KB-vx5mo]

”If you use then they…” Just randomly if one use their services? What exactly did you “use” or do for them to just put a hold on your funds?

[@miguelnavarro907]

Yeah , just happed to me this week and what sad is that they didn’t gave me 😅 information on why they closed my account and why the keeping my funds for 3 months , stay awayy from square if you want to take the risk go ahead, now im using pocketsuite and paypal to run my small business so far now problem at all,

[@teachbigger]

Great review. Thank you!

[@saraiflutterby]

This was very helpful, detailed info. Thank you for putting this together.

[@SB-jl4nw]

This is exactly what I was looking for between these two products. Great info 👍

[@MerchantMaverick]

Thank you for the feedback! We are so glad you found the info you needed!

[@illiJomusic]

That was great thanks so much for all the information

[@MerchantMaverick]

Glad it was helpful!

[@TheAcrenshaw]

What a plethora of information!! Thank you for explaining in such detail all the needed info through business language. I’m a new small business owner and only have recently considered taking payments by card. I’m not a “numbers” person; I’m entering business from being an English teacher. However, your explanations were so in depth that I totally understand nearly everything you said. I even read one of your articles (avoid merchant account holds) recommended in a reply from someone’s comment. Again, thank you, thank you!! I also hit that subscribe button. I’ll be back for more info soon!!

[@MerchantMaverick]

Wow! Thanks so much for the awesome feedback Clark! We are so happy you found us, and we wish you all the best with your new business!

[@markusmanner3338]

Zettle by PayPal just released their new product the Terminal. Now it does not require tablets or phones. I thought the updated dock with built in receipt printer was really slick. It comes with sim-card with prepaid. This is a really good thing. However only available in the UK at the moment. But might be worth taken in consideration if the terminal being an individual device is important. It is android based.

[@MerchantMaverick]

Hey Markus! Thanks so much for sharing this info with our viewers! We also do have reviews of both the US & UK versions of Paypal Zettle and iZettle! You can view them in the links below: iZettle (UK): www.merchantmaverick.com/reviews/izettle-review/ Zettle (US): www.merchantmaverick.com/reviews/paypal-here-review/

[@ImanDashay]

Hi I know this a older video but sure if I should use square or paypal I have a booking link with Acuity and I only offer facial services and I require a deposit when booking. But I didn’t know if the client comes in and does have cash will PayPal be able to charge card on file like square can do ?

[@alexsmith9328]

Man things have become so complicated i just watched the video "why square is a scam " of 3 yrs ago where the guy mentioned squares ceo was jack Dorsey who was also the ceo of twitter at the time that was enough for me asides the holding money from small merchants for bull reasons. Listening to you now great info thanks! Im still split between using chase where i bank vs a3rd party for handyman biz. Will see ur other vids in case u offer direction

[@tech-smith]

Thanks for this.

[@MerchantMaverick]

Thanks for watching!

[@ddespo]

Im looking to do my first craft show at the end of April. My business is all concrete: planters, coasters, candle vessels, office organizers, etc. Mostly small home décor. What would you recommend for me to accept payments at these fairs? Square or Paypal? I appreciate any insight.

[@MerchantMaverick]

Hey ddespo! Square is the best choice here --although PayPal offers a slightly lower per-transaction fee for in-person sales, Square's more fully-featured package (which includes an offline mode that enables you to sell even without an internet connection) makes it the best choice for your situation. Best of luck with your first show!

[@anywhoToYou]

@@MerchantMaverick we have used PayPal at the farmers market for 3 years with no issues

[@colbyhughes7094]

What would you recommend for a snow cone shack?

[@eviemack6138]

I've had a pay pal account and I only wanted to change the email. I had to add a new one first but the system wouldn't let me! Customer service was no help as they never did answer that issue so I said that I was canceling after 2 hours, then I got a reply. Told to read the help section. Well, the system said that I couldn't quit because I had a negative balance, I didn't, so they sent me to another help site! Ok, finally got to transfer out my money.

[@hawaiiangangster5562]

I keep seeing money holds with Square and now I'm scared to use them

[@MerchantMaverick]

Hey Hawaiian Gangster! Check out our post "How To Keep Your Payment Processor From Holding Funds Or Terminating Your Account: What Small Businesses Need To Know". We break down Square’s fund-holding language so you know exactly what you are agreeing to, and offer tips to help you avoid running into funding holds in the future. www.merchantmaverick.com/avoid-merchant-account-holds-freezes-terminations/

[@nebo6692]

I could use your opinion on which is the best payment api for my multi vender marketplace. I'm hoping that someone offer direct instant payout to the sellers and a kick pack to admin.

[@MerchantMaverick]

Hi Omar! To our knowledge, Square still isn't supporting marketplaces in this way. You'd have to go with PayPal or Stripe. Stripe is the gold standard for ease of implementation, tools, etc. They should be able to do all of that. If you are operating exclusively in the US, Dwolla might be another option, and if not, maybe GoCardless/Borderless. We haven't reviewed either, but they're on our radar as up-and-coming options. Best of luck to you!

[@nebo6692]

@@MerchantMaverick thank you. Looking forward for future videos

[@madebydevrie820]

Do you need a business account to use PayPal to take payments in person? How do I switch my current account?

[@MerchantMaverick]

Hi Made By Devrie! Yes, you need a business account with PayPal in order to use PayPal Zettle POS, and to switch your current PayPal account from a personal account to a business account, find the "How To Set Up Your PayPal Business Account" section of our PayPal business account guide and read the info under the "How To Upgrade Or Downgrade A PayPal Business Account". Best of luck to you!

[@angelacox7074]

What would recommend for a lawn care service business just starting out?

[@MerchantMaverick]

Hi Angela! We actually have an in-depth guide to starting a lawncare business! www.merchantmaverick.com/start-lawn-care-business/

[@nettnettwarren1432]

Can you tell me which is best for book sellers? My book is under $20, so it’s a small business.

[@MerchantMaverick]

Hi NettNett! Either Square or Zettle by PayPal would work fine since both are free and have similar feature sets. However, Zettle/PayPal doesn't currently offer a free card reader whereas Square does, so that might be a consideration.

[@minojersey6236]

Hello What you recommend for transportation service airport taxi

[@MerchantMaverick]

Hi Mino, We actually wrote an article on accepting credit cards for taxi drivers! You can find it here w/ our recommendation (Square!): www.merchantmaverick.com/how-to-accept-credit-cards-for-your-taxi-business/

[@ezequielfeliz6955]

Excellent video

[@MerchantMaverick]

Thanks so much for stopping by, Ezequiel!

[@stanjohnson2675]

which is better for a tour boat business Square or PayPal

[@MerchantMaverick]

Hi Stan, We'd actually recommend one of these processors for a tour boat business: www.merchantmaverick.com/travel-agency-merchant-account/

[@kianaescobar1658]

What do you recommend for a embroidery tee shirt company?

[@MerchantMaverick]

Hi Kiana! Without knowing more, it's tough to say. But if you jump ahead to the "Which Is Best For My Business Needs" section of the linked Square VS Paypal post, you should be able to determine the better fit for your particular situation. Hope that helps! Best of luck! www.merchantmaverick.com/square-vs-paypal/#Which_Is_Best_For_My_Business_Needs_PayPal_Or_Square

[@debsantana1182]

Hi..I'm a cpr trainer. I have a website where people will schedule a class . I will also travel to business and do their training. Which will. E better fit for me. Please reply if you can. It's the last thing on my list to do. Also have you ever heard of enrolleware..are they a merchant?

[@nailon7817]

Are they goood for a nail salon business?

[@MerchantMaverick]

Hi Nai! Square is probably the better choice for a nail salon. Square has dedicated appointment and reservation-keeping features that PayPal doesn't have. But if your nail salon isn't concerned with having a system that handles appointments and reservations, PayPal does offer lower in-person transaction fees, so if cost is the only consideration, PayPal may be the way to go. Best wishes to you!

[@crystalmarcelarodriguez3285]

Can you touch on the subject of square putting a hold on 25% of earnings?..

[@MerchantMaverick]

Hi Crystal, This sounds like a rolling reserve. We haven't heard of Square implementing this practice in the past, but with their new CBD program, it might be a newer requirement. Your best bet will be to speak with Square directly on this. Sorry we didn't have more info to share, but we wish you the best of luck!

[@tvinpocket8497]

Paypal is a Froud company. so many unauthorized transaction from your account. No response from them ever after the reporting.

[@jeffgodsey2875]

I am done with pay pal they hold my funds for 21 days because I don't use it a nuff they say

[@blackwilliams88]

I have a carpet cleaning service. What would you reccomend?

[@MerchantMaverick]

Hey Black! We would recommend square over PayPal for you because Square has more business management and appointment features. But due to the high transaction amounts involved with your type of business, we would recommend you instead get your own merchant account for better account stability. House Call Pro is an example of an industry-specific software for carpet cleaners that includes payment processing and other industry-specific features. Best wishes to you!

[@milonichi]

What about zettle by Paypal? I can't find Paypal here.

[@MerchantMaverick]

Yes, Arturo! You are right--Paypal Here is now Paypal Zettle. (Link to our review below) Thanks for asking, and for watching! www.merchantmaverick.com/reviews/paypal-here-review/

[@12mygirls]

Square is now 6% 2022 .50 cents for processing!

[@angiec6548]

Not true

[@Dmtv_19]

Square is good until they randomly freeze your account 😮‍💨

[@MerchantMaverick]

Oh no! We're sorry to hear that and understand how frustrating that can be. Have you reached out to Square's customer service?