Revel vs Square

July 02, 2023 | Author: Sandeep Sharma
5
Revel
The first wired ethernet connectivity for iPad POS systems. Manage multiple devices universally from any remote location. Save time with reports that explain your business progress and projection to you. Keep business up and running during an Internet slow-down or power outage
34
Square
Accept credit cards on your iPhone, Android or iPad. Send invoices free with Square Invoices. Signing up for Square is fast and free, and there are no commitments or long-term contracts like with alternative services.
Revel and Square are both popular point-of-sale (POS) systems designed to help businesses manage their sales transactions efficiently, but they have some key differences.

Revel is known for its robust feature set and scalability. It offers advanced capabilities like tableside ordering, inventory management, employee scheduling, and customer relationship management (CRM) tools. Revel also provides industry-specific solutions for businesses in sectors such as retail, restaurants, and entertainment. Its flexibility and customization options make it suitable for businesses with unique requirements and complex operations.

Square, on the other hand, is recognized for its user-friendly interface and ease of use. It offers essential POS functionalities like sales tracking, inventory management, and basic reporting. Square's strength lies in its simplicity and accessibility, making it suitable for small businesses or those just getting started. Square also provides additional services like payment processing, online store integration, and marketing tools, enabling businesses to streamline their operations and expand their reach.

See also: Top 10 Retail software
Revel vs Square in our news:

2021. Square acquires buy-now, pay-later company Afterpay for $29 billion



Square has reached an agreement to acquire Afterpay, an Australian buy-now, pay-later service, in an all-stock transaction valued at approximately $29 billion. This acquisition stands as one of the largest in Australian history. Square has announced its intention to incorporate Afterpay into both Cash App and Seller. Cash App facilitates payments and money transfers for customers, while Seller caters to retailers. Following the integration, Cash App users will have the ability to manage their Afterpay payments directly within the app, and Seller merchants will be able to offer Afterpay as a payment option to their customers.


2020. Square acquires inventory management company Stitch Labs



The financial services, merchant services aggregator, and mobile payment company Square has acquired Stitch Labs, a company that specializes in inventory management software. Square, which is widely used by over 33.5 million small businesses for various purposes like accepting credit card payments, tracking sales and inventory, and obtaining financing, aims to enhance its Seller ecosystem by incorporating Stitch Labs' expertise. Currently, Square's functionality falls short of providing a complete inventory and order management system or fully meeting the needs of advanced Stitch Labs users. However, there is potential for Square to expand its software capabilities in the future with the assistance of the Stitch Labs team. In the meantime, we have compiled a list of the best alternatives to Stitch Labs that are currently available on the market.


2018. Square acquired website builder Weebly



Square, renowned for its payment software, has announced its acquisition of Weebly for a sum of $365 million. Weebly specializes in providing user-friendly website-building tools primarily tailored for small businesses and e-commerce companies. The company has successfully secured $35.7 million in funding. Square's objective in acquiring Weebly is to establish a unified solution that caters to entrepreneurs seeking to establish a robust online and offline business presence. This strategic move will also facilitate Square's global expansion, given that 40 percent of Weebly's 625,000 paid subscribers are based outside of the United States.


2017. Mobile POS system Square launched Retail app



Square is introducing an all-new Square Retail app that complements an extensive backend package of tools. This package includes comprehensive inventory management, customer relationship management, and employee tools. The aim of this new offering is to deliver a top-notch retail solution for merchants and shop owners who require more than just the Square Reader and basic Square mobile app. The scalability of this solution allows it to cater to clients ranging from single-location shops to merchants with multiple storefronts and extensive inventory tracking needs. Initially, Square is primarily targeting retailers in the "finished goods" industry, which includes those selling packaged products, apparel with barcodes, as well as items like wine or games.


2016. Square now allows to charge loyal customers without card swiping



Mobile payment processing service Square has introduced a new feature called Card on File, which enables businesses to charge recurring customers without physically swiping their cards or requesting them. This feature benefits customers as well, as they can visit your shop or restaurant without carrying their cards or cash. They can simply choose what they want and leave, while you effortlessly charge the appropriate amount directly from their cards. To avail this service, customers must initially opt in and provide their card information to your company's Square account. Additionally, Card on File allows businesses to charge remote customers even without an internet payment connection. However, it is important to note that this feature comes at a slightly higher cost for businesses, with a fee of 3.5% plus 15 cents, as compared to the standard 2.75% commission for card swiping.


2015. iPad POS platform Revel gets $13.5 million funding



iPad point-of-sale company Revel Systems has successfully secured $13.5 million in funding to facilitate its expansion efforts in Asia and Europe. Setting itself apart from other tablet-based POS systems, Revel is incorporating a comprehensive range of features into its software suite, enabling it to not only handle payment processing but also manage deliveries and shipping. This strategic move allows Revel to compete with enterprise software solutions like Micros System, which was acquired by Oracle for approximately $5.3 billion last year. Furthermore, Revel has recently introduced Ethernet connections to cater to clients operating in environments where wireless connections may be unreliable, such as sports stadiums and government agencies.


2015. Square launched a dashboard app for iOS



Mobile payment processing service Square has introduced its second non-consumer application, an iOS dashboard app designed for business owners. This app enables business owners to monitor real-time sales data and gain valuable insights into the performance of their business through analytics. While this app is not intended for the barista on duty, it serves as a valuable tool for owners who need to oversee operations remotely. With this app, business owners can conveniently track stock levels across multiple locations, enabling them to make informed decisions on the go, without the need for a desktop computer.


2015. Square launched payroll service for small businesses


Mobile payment startup Square has introduced Square Payroll, a software solution designed to assist businesses in managing payroll, tracking taxes, and handling other expenses related to both hourly and salaried employees. The pricing for this product is set at $20 per month, with an additional charge of $5 per employee. Square aims to position itself as a relatively straightforward and uncomplicated option within the payroll software market, at least for the time being. The software includes features such as timecard management, tax management, and the capability to handle payments for both hourly and salaried workers, all bundled together at a single price. Square Payroll enters a competitive landscape, facing established players like Intuit's QuickBooks, ADP, Paychex, and others. While some competitors like Wave Accounting offer similar features, they may not provide the complete range of services offered by Square Payroll. For instance, Wave Accounting does not handle tax payments or tax filings, only estimated tax liabilities. Additionally, Wave Accounting offers lower pricing, with two base tiers starting at $10 and $15 plus an additional $4 per employee.


2015. Square's new wireless card reader will accept Apple Pay and work with Android



The newly introduced Square Reader is a compact device in a square shape, specifically designed to enable merchants utilizing a tablet or smartphone to effortlessly accept wireless payments, including Apple Pay and contactless mobile payments. Additionally, it supports payments made through EMV chip cards, which include Europay, MasterCard, and Visa. Priced at $49, this upgraded device surpasses Square's previous $29 merchant reader, offering enhanced functionality and wireless capabilities. It is compatible with recent iPad models, iPhone devices (including the iPhone 4S and newer), and a wide range of Android devices manufactured by Samsung, HTC, Asus, Motorola, LG, Dell, and Toshiba.


2015. Revel adds Ethernet connection to its iPad POS system



Revel is a leading provider of iPad point-of-sale (POS) systems and was among the early adopters of Apple Pay. While the company primarily focuses on mobile payments, it also aims to attract businesses that have concerns about relying solely on Wi-Fi for financial transactions. In order to appeal to larger retail enterprises and encourage them to replace traditional cash registers with iPads, Revel is introducing wired Ethernet connections. This new feature, known as Revel Ethernet Connect, allows for failover connections between Wi-Fi and cabled Ethernet, ensuring uninterrupted service by seamlessly switching between the two in case of any connectivity issues. Revel claims to be the first iPad POS provider to offer this capability. The Revel Ethernet Connect hardware is currently available for purchase at $250, and starting from June 15, it will be included as part of Revel's iPad POS system.

Author: Sandeep Sharma
Sandeep is a marketing expert with a wealth of knowledge in various domains: customer relationship management, social media management, advertising, search engine optimization, website building, Sandeep has established himself as a multifaceted professional. He honed his skills while working at Salesforce and Hubspot, where he gained invaluable insights into the industry. Now, as the proud owner of a small advertising consulting agency, Sandeep continues to provide innovative and effective strategies to businesses, helping them thrive in the competitive landscape of digital marketing. You can contact Sandeep via email sandeep@liventerprise.com