Payanywhere is a clear competitor to Square because of its similarly wide-ranging payments tools and choice of branded terminals. Furthermore, the Payanywhere costs are easy to understand, geared towards small (but also larger) businesses.
That said, above a certain threshold of sales, the company will roll you onto a different contract with more costs and fees not properly disclosed at sign-up. For that reason, it is best to use Payanywhere if sales do not go near this limit, as otherwise you may not get the best deal compared to alternatives.
The mobile card readers are a great draw, as the 2-in-1 version comes free and you have the virtual terminal and other tools at no extra monthly fees. The smart terminals, on the other hand, are not as great a deal as Square’s, because Payanywhere charges setup fees and a monthly software subscription on top of transaction fees.
The customer service leaves much to be desired. Payanywhere’s support is not the most responsive, contract terms not the most transparent, and issues with transactions, app and aggressive sales reps prevail, but some users do report a positive overall experience.
Bottom line: Payanywhere is best for low-volume businesses needing an app-based card reader with free access to invoicing and a virtual terminal.