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Square is one of those standout alternatives that often pops up when comparing PayPal to other solutions. And there’s a good reason for that. You see, Square isn’t just your average payment processor . It offers an online store plus a domain for free, and then combines that with shopping cart integration, as well as invoicing, card information storage, and virtual terminal features. And for card processing, you get POS and mPOS integration for free. Sure, Square isn’t as popular as PayPal. It’s not even list of us number data close, since only merchants based in the US, UK, Canada, Australia, and Japan can accept credit card payments. Don’t get me wrong. Square has managed to attract quite a few users thanks to the wide range of features it offers small businesses . Beyond the free extras we’ve already talked about, you can expand the entire platform even further with add-on solutions like appointment booking , payroll, and employee management . When it comes to transaction fees, Square maintains the standard rates we’ve seen from most other processors. For example, in-store card processing is 2.75%, while online and bill payments are 2.9% plus $0.30. Overall, Square offers an incredibly competitive payment processing solution.

Pros

It comes with a free domain and online store.
Square is a complete, all-in-one payments solution.
Square does not charge any monthly fees.
These features are especially beneficial for merchants with low sales volumes.
Cons

As a payment gateway , Square is only available in the US, UK, Canada, Australia, and Japan.
Given that it is a third-party payment aggregator, Square accounts can be volatile.
This is not an ideal option for high-risk traders.