Post by prantogomes141 on Feb 14, 2024 8:58:53 GMT
PayPal is not the only payment aggregator available. There are others that compete with the same business model. Stripe Stripe works best with e-commerce, mobile commerce and subscription-based businesses. Stripe does not require a long-term contract, and its rates are similar to PayPal’s, with online transactions being 2.9 percent plus 30 cents per transaction. International charges incur an upcharge to process, but the $15 chargeback fee is refunded if a chargeback is resolved in your favor. Learn more in our review of Stripe. Square Square was the pioneer in mobile credit card payments. There is no monthly fee for the basic version of Square, but if you want the retail or restaurant version, there is a fee of $89 or $60 per month, per location, respectively.
Transaction rates are 2.6 percent and 10 cents per transaction. The basic plan has limited inventory capabilities; if you need that feature, consider the retail version. Square’s restaurant version has industry-specific tools, including menus by daypart, order entry and Kazakhstan Telemarketing Data floor plans. Learn more in our review of Square. Shopify Shopify’s basic plan costs $39 per month, plus 2.9 percent and 30 cents per transaction for online sales. The small business plan costs $105 per month plus 2.6 percent and $0.30 for online transactions. The advanced plan costs $399 per month plus 2.4 percent and 30 cents per transaction for online sales.
It includes an SSL certificate, abandoned cart recovery (one of PayPal’s weak points) and fraud prevention. Shopify plans include full inventory management, so they are geared toward companies that sell products. Square and Shopify focus more on in-person sales, although they also support e-commerce transactions. Both platforms allow you to accept credit cards, contactless payments from mobile wallets and ACH payments. They both also have a suite of available POS systems, accessories and card readers. If you have Square’s card processing hardware, you must use Square as your payment processor. Shopify allows you to use other card processors with its hardware, but those transactions incur a surcharge of 2 percent. See a side-by-side comparison of Square and Shopify for more information. Jennifer Dublino
Transaction rates are 2.6 percent and 10 cents per transaction. The basic plan has limited inventory capabilities; if you need that feature, consider the retail version. Square’s restaurant version has industry-specific tools, including menus by daypart, order entry and Kazakhstan Telemarketing Data floor plans. Learn more in our review of Square. Shopify Shopify’s basic plan costs $39 per month, plus 2.9 percent and 30 cents per transaction for online sales. The small business plan costs $105 per month plus 2.6 percent and $0.30 for online transactions. The advanced plan costs $399 per month plus 2.4 percent and 30 cents per transaction for online sales.
It includes an SSL certificate, abandoned cart recovery (one of PayPal’s weak points) and fraud prevention. Shopify plans include full inventory management, so they are geared toward companies that sell products. Square and Shopify focus more on in-person sales, although they also support e-commerce transactions. Both platforms allow you to accept credit cards, contactless payments from mobile wallets and ACH payments. They both also have a suite of available POS systems, accessories and card readers. If you have Square’s card processing hardware, you must use Square as your payment processor. Shopify allows you to use other card processors with its hardware, but those transactions incur a surcharge of 2 percent. See a side-by-side comparison of Square and Shopify for more information. Jennifer Dublino