I did sneak in a few chapters of Danielle LaPorte's Firestarter Sessions.
This morning I woke up feeling great and ready to share about my Square.
My "Square" arrived, which is a mobile credit card reader. I had already downloaded the app. on my Iphone and was very excited to get started until I set up my online Paypal account (jewelry page) and noticed that they also have jumped on the mobile card reader bandwagon and are in fierce competition with Square.
So, I did a little comparison and found...
Both work with iphone or android. Both allow point-of-sale swiping of the 4 major credit cards and link right to your account. Both send you free readers in the mail. Here are the sites to review for yourself:
Square: Square Site
Paypal: Paypal site
(Paypal has a comparison breakdown of 3 mobile reader applications)
|After the bit of research, I've decided to go with Paypal, even though I just ordered my Square, and here's why:|
|It's cheaper: Paypal is 2.7% per transaction vs. Square's 2.75%|
|Square charges more (3.5%=.15 cents per transaction) if you have to manually enter the card too-I couldn't find info. on Paypal's policy on manual entries.|
|Square does have the option of a flat $275.00 per month fee if you have a lot of transactions.|
|It's faster: Deposits are made on the same day of sale.|
|It accepts more forms of payment: You can accept paypal and checks in addition to the 4 major credit cards|
|It helps with billing and tracking: You can send invoices and track cash payments with the Paypal app.|
|More than one person can use it: You can have multiple user accounts so if you have more than one person selling for you, each person can link to the account at the same time.|
|Loyalty: I have a history of using paypal and I like them|
|So, now I need to add "Order Paypal reader" to my list of things to do this week. I'm on vacation and intend to get things really rolling so stop back and see!|