Stripe is a convenient option if you run multiple online businesses or brands because you can operate them all from one merchant account with separate reporting. You’ll pay $59 for the basic contactless card reader or $249 for the handheld mini POS. You’ll also pay 0.4% as a chargeback protection fee. In-person, swiped or chipped transactions: 2.7% + $0.05 (+ 1% for international cards and currency conversion).Keyed and online transactions: 2.9% + $0.30 (+ 1% for international cards and currency conversion). Stripe charges these transactions fees, depending on how information is gathered: You can also use Stripe Terminal to accept in-person credit card payments, and Stripe integrations or invoicing to receive ACH payments. It’s one of the major players in online payment processing, and it’s automatically built into some major site builders, including Squarespace, Kajabi and Shopify. Stripe is one of the most cost-effective merchant services with a wide range of payment processing options. Its modern and easy-to-use equipment and online checkout features make it simple for you to get set up and start selling without a lot of complicated steps. Square is designed for small businesses that are just getting started. You can usually get money within 36 hours after a transaction, but Square offers options to access funds immediately. You’ll pay no fees for refunds (chargebacks), and you’ll get your processing fee back for reversed transactions.
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