Braintree vs Square
Last updated: April 28, 2018
Some of the fastest growing companies in the world rely on us to process mobile and web payments. Elegant code. Drop-in checkout. Secure, client-side integration. Zero-hassle PayPal integration will be available soon. Mobile payment processing designed to keep the checkout flow streamlined.
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.
Braintree vs Square in our news:
2018. Square acquired website builder Weebly
Square which is best known for its payment software will acquire Weebly for $365 million. Weebly offers easy-to-use website-building tools and is focused on serving small businesses and e-commerce companies. The company raised $35.7 million in funding Square says that by acquiring Weebly, it can create “one cohesive solution” for entrepreneurs looking to build an online and offline business. And because 40 percent of Weebly’s 625,000 paid subscribers are outside the U.S., the deal will help Square expand globally.
2018. Braintree launches Stripe competitor - Extend
Braintree, the division of PayPal that provides payment services to e-commerce and other online businesses, is making its latest move to help raise its game against competitors like Stripe. It is launching a new solution called Extend, a set of tools to integrate Braintree payments more closely and easily with other services that online companies are using alongside basic transactions. Extend includes integrating loyalty and reward schemes, adding fraud prevention and ‘contextual commerce’ — or the ability for a merchant to sell an item and take payment on a platform that is not its own. Some of the services, such as the contextual commerce option, were already being offered — this is what is used to power Pinterest’s buyable pins, for example.
2017. Mobile POS system Square launched Retail app
Square is launching a new Square Retail app that complements a comprehensive backend package of tools that include complete coverage of inventory management, customer relationship management and employee tools. The new offering is designed to really provide a next-level retail solution for merchants and shop owners who need more than just the Square Reader and basic square mobile app. The solution can scale depending on the needs of their clients, but can serve any customers from a one-location shop to a merchant with multiple storefronts and lots of inventory to track. For now the primary type of retailer Square is targeting with this product are those in the “finished goods” business, which means people who have packaged products or things like shirts and clothing that have barcodes, as well as things like wine or games.
2016. Square now allows to charge loyal customers without card swiping
Mobile payment processing service Square launched a new feature called Card on File that allows to charge recurring customers without card swiping (and even without asking for the card). It's also suitable for customers, because they can come to your shop or restaurant without card and money, take what they want and go away. And you quietly charge the appropriate amount from the card. Of course, first these customers have to opt in and enter their card data to your company's Square account. Besides, using Card on File businesses can charge remote customers without internet payment. But this feature is a little more expensive for business: it will cost you 3.5% plus 15 cents, compared to the 2.75% commission for swiping a card.
2016. Braintree launches Auth to bring its payments platform to more merchants
PayPal-owned payments platform Braintree launched of Braintree Auth - the system that lets e-commerce platforms give their merchants easier ways to enable payments on their online storefronts. It also lets service providers access customer and transaction data on merchants’ behalf. The move signals Braintree’s attempt to expand its reach into the SMB market, as competition with startups like Stripe heats up. With Braintree Auth, e-commerce platform owners, as well as shopping cart providers and recurring billing services, can now make it easier for their merchant customers to accept credit cards, debit cards, and PayPal payments on their own storefronts through a single interface for shoppers.
2015. Square launched a dashboard app for iOS
Mobile payment processing service Square has released its second non-consumer app, a dashboard app for iOS that lets business owners track sales in real-time and allows them to dig into the health of their business with analytics. This app isn’t for the barista at the coffee shop, but it was built for the owner who might be watching over things while they’re not at the shop. With this app, business owners can track how many items are left in stock in multiple locations, for example, which can help them make important decisions on the fly without having to sit down at a computer.
2015. Square launched payroll service for small businesses
Mobile payment startup Square has launched Square Payroll, software for businesses to pay and track taxes and other costs for both hourly and salaried employees. The product is priced at $20 per month, with $5 per employee on top of that. In terms of payroll software, Square is positioning itself — at least for now — as a fairly simple product. It includes timecards, taxes, and the ability to track and pay both salaried and hourly workers, and its price is all-in. Square Payroll is entering a pretty crowded market, competing against the likes of Intuit’s Quick Books, ADP, Paychex and others. A few, like Wave Accounting, offer some but not all the same features: Wave, for example, doesn’t handle tax payments or tax filings — they estimated tax liabilities. It is also less expensive. It starts with two base tiers of $10 and $15 plus $4 per each employee.
2015. Square's new wireless card reader will accept Apple Pay and work with Android
New Square Reader is a tiny square device designed to allow any merchant with a tablet or smartphone to begin wirelessly accepting Apple Pay and contactless mobile payments, as well as payments from EMV (Europay, MasterCard and Visa) chip cards. The $49 device is a bit of an upgrade from Square's previous $29 merchant reader, which was a bit clunky and not wireless. It works with the most recent versions of the iPad, the iPhone (as far back as the iPhone 4S), as well as Android devices from manufacturers such as Samsung, HTC, Asus, Motorola, LG, Dell and Toshiba.
2014. Braintree enables super easy sign-up for merchants (including Europe)
PayPal's payment processing service Braintree is launching a new service that will let merchants sign up to the platform with only an email address, URL and short company description. It’s also extending its offer to Europe of offering the first $50,000 of transactions on the platform (in a local currency equivalent) free of any commission fees. The ability to use so little information is a big change from how merchants have set up payments systems in the past, particularly in Europe, where many banks require paper-based documentation to approve accounts. Here, Ready says that Braintree uses a combination of algorithms and a human smarts to research a company based on those three pieces of information to determine whether a company is a legit merchant to add to its platform.
2014. Square adds sales tax reporting through TaxJar
Mobile payment provider Square integrated with TaxJar, which lets companies automatically count and report local and state sales taxes. Users can link up their accounts in two services, but this is not an offer to use TaxJar for free. Businesses doing less than 1,000 transactions per month pay $9.95 monthly, with prices increasing according to volume. Square says that the service is retroactive — meaning, if you activate it now you can set it to calculate sales tax on past transactions, not just those that are in the future. The advantage of adding TaxJar is twofold for Square: on one hand it gives businesses another feature, and one that is usually a pain for businesses to sort out, which may sway more of them to using Square for front-line payments. On the other, if you are an existing business, something like this could help to keep you as a customer of Square’s and choose this route for transactions and other business services.