Square vs. Paypal

Find the right payment processing platform for your business.

Online, on-the-go, on the phone, in your store

Retail or restaurant. Beauty or bakery. Bricks and mortar, online, or a bit of both. Many businesses big and small choose Square over PayPal because it helps them solve their trickiest challenges.

How Square compares to PayPal*

Trustpilot comparison

Square



4.3/5

PayPal



1.3/5

Cost comparison

  Square PayPal
EFTPOS payment processing fee 1.6%
in-person processing fee for Square Terminal,
Square Stand, Square Reader or Square Register.

*Custom pricing may be available for businesses processing over $250k per year.
EFTPOS and in-person payment processing unavailable
Additional fees for international card processing None 1% additional fee applied for international card transactions $10.01 and above
Online payment processing fee 2.2% 2.6% + 30c
Virtual terminal processing fee 2.2%

No monthly fee
3.6% + 30c

Monthly fee - $25/month
No chargeback fees
Yes
$15 per event
No hardware rental fees
Yes
N/A
Next-day transfer to external bank account as standard
Yes
No
Instant transfers – access your funds right away (for a fee)
Yes
Yes

In-person payments

  Square PayPal
Free POS app
Yes
No
All-in-one POS system with
customer display and built-in software
Square Register - $1,099
No
Portable EFTPOS machine
with built-in receipt printer and
free, pre-installed POS software
Square Terminal - $329
No
Countertop iPad POS stand with
built-in card reader
Square Stand - $149
No
POS Hardware starting price Square Reader - $65 POS hardware not available
Physical gift cards
Yes
No
Afterpay acceptance in person
Yes
No
Built-in surcharge feature
Yes
No
Offline payments
(Process card payments
without internet access)
Yes
No
Take payments in under two seconds
Yes
No

Online and remote payments

  Square PayPal
Free online store
Yes
No
Website templates
Yes
No
Online ordering for Restaurants
Yes
No
Payment links
Yes
Yes
Invoicing software
Yes
Yes
Virtual Terminal to take
payments over the phone
or on your computer
Yes
Yes
Afterpay acceptance online
Yes
No
Fraud prevention and
detection software
Yes
Yes
e-Gift Cards
Yes
No

*Competitive data on this page was collected on the 3 March 2023 and is based on information found on www.paypal.com/au. This information is subject to change or update without notice. Square does not make any representations as to the completeness or accuracy of the information on this page.

1.6% card present rate applies for Square Sellers who sign up on or after 30 May 2024. The rate of 1.9% will apply for Square Sellers who signed up prior to this date when using Square Reader, Square Stand or Tap to Pay, as listed in the Square Fee Schedule.

Cut wait times with Square Kiosk

Reduce queues and order errors with Square Kiosk, your go-to self-ordering solution for Aussie hospitality businesses. Keep your sales up and operations smooth when things get busy, letting your team focus on other value-add tasks, while handling more orders even if you are short-staffed.

  • Cut wait times and make service faster
  • Minimise order errors
  • Free up staff for other value-add tasks

Why businesses choose Square over PayPal

They’re both payment processing platforms. They both have a free POS app. But with simple pricing and intuitive tools you can use right from the get-go, there’s a reason why so many businesses choose Square.

Square’s tools work for you, not the other way around

When comparing Square to PayPal, many businesses are drawn to Square’s fair and flexible pricing. Plus, there’s a variety of tools ready and waiting to take on any job you throw at them.

Everything you need to run your business, anywhere, anytime

Square has all the tools you need to reach your customers and grow your business, whether in person, online or both.

Our interface is intuitive, no need for manuals or training. Start making sales in minutes, or add a synced online store with no coding required.

You’re never locked in to using only Square solutions. We work seamlessly with third-party technologies to streamline the way you like to work, saving you time. Plus, you only ever pay for what you need.

Understand your customers better with every payment. Automatically create valuable customer profiles, track preferences, collect customer feedback and reward customer loyalty.

Schedule and manage team members with Team Management. Track your inventory or make appointments. With one easy interface, it’s all at your fingertips.

Online, in-store, over the phone. Start selling wherever your customers are. Sell through Instagram and Facebook. Offer order pickup, local delivery and shipping. Manage your business from one place.

As your goals shift, you can quickly add tools that help your business, from offering gift cards to adding devices and locations, all with a couple of taps.

Hardware for selling anywhere.

Square Reader

The fastest and most secure way to pay. Accept chip + PIN cards, contactless payments, Apple Pay and Google Pay. An easy solution for your on-the-go business.

Square Terminal

The all-in-one portable EFTPOS machine that lets you accept all kinds of payments easily and print (or email) receipts – the perfect solution for tableside services.

Square Register

The fully integrated touchscreen point-of-sale that lets you start selling right out of the box. Manage card and contactless payments, online sales and more, all from one POS register.

Square Stand

Turn your iPad into a powerful point of sale with payments built in. On a swivel, Stand becomes a customer display, so you can sell accurately and customers can confirm their total and pay.

FAQs

(by people thinking about switching from PayPal to Square)

Resources