Among Square competitors, there’s a big difference in card fees and terminal prices, the latter sometimes provided free of charge.
Monthly costs can rack up with GoPayment and Clover Go if you don’t use them every month, making them best for committed merchants with a steady turnover. While GoPayments makes sense for QuickBooks users, Clover is better if you might expand with Clover POS equipment later on.
The pay-as-you-go solutions by PayPal Here, SumUp and Payanywhere have similar card fees, with SumUp leading as the cheapest and best value.
It’s clear that mobile card readers are heading in the wireless direction, i.e. headphone jacks are no longer required to connect the newest card readers with a cell phone. Instead, Bluetooth connectivity is the norm. It’s also clear that manufacturers love the square-shaped card reader as much as Square.
As for Square, it still leads as the most innovative payment provider with the broadest offerings for small businesses. Square Reader is now just one of several terminals able to integrate with many more tools and features than ever.