Square vs Stripe


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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.
25
Stripe
Stripe builds the most powerful and flexible tools for internet commerce. Whether you’re creating a subscription service, an on-demand marketplace, an e-commerce store, or a crowdfunding platform, Stripe’s meticulously designed APIs and unmatched functionality help you create the best possible product for your users.
Square vs Stripe 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. Thereby Square gets better online store builder if compared vs Shopify

2018 - Stripe launched online billing tool



Stripe is launching a billing product for online businesses. That’ll allow them to handle subscription recurring revenue, as well as invoicing, within the Stripe platform and get everything all in the same place. The goal was to replace a previously hand-built setup, whether using analog methods for invoicing or painstakingly putting together a set of subscription tools, and make that experience as seamless as charging for products on Stripe. This launch is, in part, a response to customers demanding a billing product that gets all these invoices and subscription expenses into a single spot. Stripe at its heart is an enterprise company, which means it has to keep close tabs on the needs of its customers while still balancing the needs to continue creating new products that small businesses didn’t realize would actually solve those problems in an elegant way. So Stripe now provides better billing in comparison to Recurly

2017 - Mobile POS system Square launched Retail app to keep up with First Data



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.

2015 - Payment processing company Stripe partners with Visa



Payment processing company Stripe is now valued at $5 billion following its latest round of financing. Besides, the company raised almost $100 million and inked a deal with Visa which will see the duo work together on a range of projects, including digital transactions and security. The company has been focused on growing its international footprint for some time, which is another reason it is teaming up with Visa. CEO and co-founder Patrick Collison told The New York Times that Stripe will lean on the payment giant’s international presence and know-how to expand its current coverage of 20 countries.

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 - Stripe released iPhone app for monitoring payment activity



Stripe, a service that companies can use to accept payments, has a new way for businesses to track purchases and user activity — an iPhone app. It does basically everything its existing online dashboard does, but brings it to an interface more suited for a mobile device. Businesses can also set up notifications for whenever a payment or purchase is made or set up a daily summary. Stripe’s iPhone application also has a search function. But a mobile application is naturally good to have around. For a business owner stuck in traffic in a taxi, Uber or Lyft (don’t look at your phone while driving, please), or riding some kind of public transportation, it’s a good way to get a quick update to what’s happening.

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.

2015 - Stripe gets Balanced customers to take on CyberSource



Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough. The company has struck a deal with one of its longtime rivals, Stripe, to act as its transition partner for existing customers. Еhe closure will affect around 320 customers, with the current list including sites like crowdfunding platform Tilt, RedditGifts, Tradesy, Relay Rides and Artsy, processing “hundreds of millions of dollars” annually. As a point of comparison, Stripe’s CEO Patrick Collison says that Stripe processes “billions of dollars a year for thousands of businesses in 18 countries around the world.” Balanced also competed against companies like WePay, Dwolla, Amazon Payments and PayPal.