following are undisputed differences between Phone Swipe and
Square. It's a bit long, but an informative and worthwhile
The Phone Swipe “Pay-As-You-Go” option is 2.69%. Square’s is
2.75%. Both include free device, no monthly or annual fees,
and no contract. However, with Phone Swipe you are not stuck
paying the high rates of the “Pay-As-You-Go” plan like you
are with Square. There are “high volume” plans available
with a traditional merchant services account that allow you
to accept credit cards through Phone Swipe with rates starting
at .25%. Once you’re doing a volume where lower rates would
be beneficial, you just transition over to a traditional
merchant account and continue using the same device.
#2 No Held Funds
Square is not a merchant account and users will have less
control over their money. Square is similar to the
third-party payment site PayPal and will hold any processing
funds over $1000 for up to 30 days. In some cases, 45 days.
Banctek offers next day funding on processing funds.
#3 Service and Support
Square only provides service and support to its clients
through Twitter and E-Mail! NO phone number (Square is
unaccredited with the BBB). Phone Swipe provides full 24/7 live
customer support combined with a dedicated service
representative to take care of your business.
Square is only compatible with Apple iPhone (3GS, 3G, and4),
iPad, iTouch (2nd gen), and certain Google Android devices.
Phone Swipe is compatible with hundreds of different cell
phones including BlackBerry.
#5 Dependable Device
The Phone Swipe is hailed as the most dependable device on the
market. Square’s device has a reputation of being
notoriously unreliable, causing merchants to have to
manually-enter transactions which results in higher rates.
The Phone Swipe card reader is fully encrypted for the
protection of its owner and the consumer in such a way that
it can only be decrypted by secure payment server. This
allows you to accept credit cards safely and securely.
Square on the other hand does not provide an encrypted
device and it has been proven that anyone with moderate
technical skills can easily convert the device into a card
skimmer in less than 90 minutes!
#7 QuickBooks Integration
The Phone Swipe app integrates with your QuickBooks account
flawlessly to keep all accounting simple.
Phone Swipe allows for inventory control with its real time
inventory capabilities. This is a function that square only
offers on the I Pad app.
#9 E-Mail Capture
The Phone Swipe mobile application allows its owner to compile a
database of all its customer’s email addresses. This can be
extremely useful in future marketing efforts
#10 Cash Payments
The Phone Swipe mobile application allows for recorded cash
payments with email receipts.
The Phone Swipe mobile application allows for either a flat
percentage tip or enables the customer to enter a custom
amount. This ensures that you are making as much as
#12 Multiple Terminals
With the Phone Swipe your business will have the option to
utilize multiple terminals on one merchant account and to
track those terminals independently.
#13 Store and Send
Since the Phone Swipe device and app are fully encrypted it has
the capability to accept payment even when you are out of
the service area and send for approval at a later time when
you do have service.
With the Phone Swipe mobile application you will be able to ring
up an inventory item and add a percentage or dollar amount
discount on the checkout screen.