Square is a POS system suitable for small-business owners. It’s free to start, easy to use, and chock-full of useful features. These benefits make Square a great choice for new business owners who need simple but powerful features from the get-go. Square provides detailed reporting and analytics and lets you send invoices, track employee shifts, and timecards, and manage multiple locations. You can also run email marketing, customer loyalty plans, and gift card programs from Square’s point-of-sale software.
Transaction fees with Square Point of Sale can be more expensive than what other POS providers are charging. The transaction costs can add up if you process loads of payments a day. Square POS doesn’t have a monthly fee, and the company keeps its transaction fees pretty simple (for the most part):
- Tapped, dipped, and swiped payments: 2.6% + $0.10
- Keyed-in and card-on-file payments: 3.5% + $0.15
- Square Register payments: 2.5% + $0.10
Square also offers other plans geared for certain types of businesses. With Square for Restaurants, for example, you get POS software that’s geared specifically for restaurant use. The plan costs $60 per month for each of your locations, plus an extra $40 per month for each additional POS system you use.