Verifone vs Square
Square and Verifone are two major companies in the payment processing industry, providing various payment solutions for businesses regardless of their size. They both offer a range of hardware and software products with distinct features and services.
Square is recognized for its affordable and straightforward payment processing solutions that cater primarily to small businesses and startups. Their basic card reader is free of charge, and there are no monthly fees. Square also provides additional software and hardware products, including a mobile app, a credit card processing terminal, and a point-of-sale system.
On the other hand, Verifone is an established company that offers payment processing solutions for businesses of all sizes. Their product line includes a diverse range of hardware and software solutions, including point-of-sale systems, credit card processing terminals, and mobile apps. Although Verifone’s products are more expensive than Square’s, they offer a more extensive selection of features and services.
To summarize, Square offers simple and affordable payment processing solutions for small businesses and startups, while Verifone provides a wider range of payment processing solutions for businesses of all sizes, albeit at a higher cost.
| Feature | Square | Verifone |
|---|---|---|
| Cost | $0.00 for the basic card reader, other hardware and software options available | Varies depending on the product |
| Monthly fees | None | Varies depending on the product |
| Hardware | Card reader, point-of-sale system, mobile app | Point-of-sale system, credit card processing terminal, mobile app |
| Software | Square Register, Square Dashboard, Square for Retail | Verifone Point, Verifone Cloud, Verifone Enterprise |
| Features | Credit card processing, debit card processing, contactless payments, online payments, in-app payments, gift cards, loyalty programs | Credit card processing, debit card processing, contactless payments, online payments, in-app payments, gift cards, loyalty programs, inventory management, customer relationship management, employee management |
| Services | Customer support, technical support, training | Customer support, technical support, training, security services, fraud protection |
Ultimately, the best payment processing solution for you will depend on your specific needs and budget. If you’re looking for a simple and affordable solution, Square is a good option. If you need a more robust solution with a wider range of features and services, Verifone may be a better choice.