Updated on January 19, 2022

Analysis Rating

Quality & Features


Rates & Fees


Month-to-Month & Cancel Fees




Customer Support




Save with Square when you take $5,000 or less per month in card payments

Square Payments Review 2022; Square Credit Card Processing Rates, Fees, & Complaints

Dera Joseph | Jan 8, 2022 | Advertiser Disclosure

review of square payments

Square (formerly Squareup) is best known for its streamlined and feature-filled point-of-sale (POS) software, alongside its square-shaped plugin-card reader. However there’s a lot more to this company which will be carefully evaluated in this Square Payments Review. The brand was first founded in 2009 by Jim Mckelvey and Twitter co-founder Jack Dorsey. In 2015, the company went public. By 2018, the company acquired Weebly, thereby expanding its eCommerce functionality.

One of the reasons Square Payments stands out from the crowd is that they provide one of the lowest credit card processing solutions perfect for small business owners. Besides being ideal for low volume processing, Square is also known for its ease of use and simple setup.

Today Square is one of the largest point-of-sales (POS) providers in the world. However, like other merchant providers and credit card processing platforms, Square is not ideal for every kind of business. Whether you are a budding entrepreneur, startup or established small business owner, you wish to choose the ideal payment processor that offers a wide range of benefits, tailored to your unique business environment, Dharma or Payment Depot may be a good alternative. In this square review, we will share with you everything you need to know about what you get with Square; is Square payment good? What services does Square offer? And how Square Credit Card Processing Rates Compare to others?

You will also learn about the benefits and drawbacks of using Square for your business to choose the best merchant account provider and payment processor that caters to all your needs.

What is Square? Is Square Reliable?

Square payments

Square is one of the best credit card processing companies. They also offer a flat-rate pricing structure but without monthly fees.  This creates a predictable pricing and quick setup and alleviates a lot of confusions that small business owners often have when trying to navigate their payment processing rates and fees.

When Square first came to reality, the idea of a swipe-based smartphone processing system with no equipment cost and monthly fees seemed like a fad. But today, Square’s robust and feature-rich suite of products and services is a sweet deal. Think about employee management, a robust mobile app (mPOS), seamless transition between in-store and online selling, recurring billing, online ordering, customer management, in-app inventory and e-Commerce integration, plus a great deal more.

Yes you can enjoy everything that Square credit card processing  offers without paying any monthly fee.  Most recently, Square also released Square Online checkout which we will talk about in this Square Payments review. Square Online checkout allows you to receive payments anywhere such as SMS text message, email or copy-pasting the payment button online (just like PayPal). So, you can even create a shoppable Facebook and Instagram and collect your payments there without fuss.

Square also offers a free virtual terminal, stored card capability, invoicing, hundreds of third-party integrations and lots more. You will also enjoy a free retain point of sale app, free online store, basic inventory tools and lots more.

There are also no monthly minimums or statement fees you need to worry about. The only difference here is your fee payment depends on the type of transaction carried out. So, you pay a different fee for swiped, dipped and tapped transactions versus online transactions and keyed transactions.

Regardless, Square is most perfect for sellers who want to enjoy payments on the go. And without set-up fees, new business owners can sign up and start processing online, debit and credit card transactions without the need of establishing a processing history.

Square Payments Review; Pros and Cons


  • Great choice for small business owners looking for a simple and easy to understand processing solution
  • Ideal for brick and mortar businesses and other low-volume merchants
  • Provides affordable chip card readers for small businesses
  • Offers a predictable flat-rate pricing
  • Software solutions designed by Square to offer more transparency and reliability
  • Allows for omnichannel selling


  • Not perfect for large corporations with high volume of transactions
  • Not suitable for high risk industries
  • No guaranteed Android support
  • Comes with proprietary Square hardware which limits flexibility

Who Should Use Square Credit Card Processing Solution?