Fiserv vs Square

Founded in 1984, Fiserv stands as a global driving force in financial services technology, catering to businesses seeking innovative payment solutions. Headquartered in Wisconsin, Fiserv's centralized platform offers extensive services, including POS systems, billing, payments, and merchants. With a commitment to flexibility, Fiserv facilitates seamless transactions, supporting various payment methods like credit cards, contactless, and ACH transactions, along with international payment capabilities. The company's strategic acquisition of First Data and Clover in 2019 solidified their position at the forefront of credit card processing, introducing advanced technology and heightened functionality. Fiserv prioritizes security by adhering to PCI standards, FraudNet for automated transaction monitoring, and tokenization for data protection. Despite the challenges posed by user reviews, Fiserv's positive aspects shine through in their global reach, omnichannel virtual terminal efficiency, and enhanced merchant portals for analytics. Fiserv empowers businesses of all sizes, from small enterprises to financial institutions, and provides an accessible resource center for inquiries. As a trusted industry leader, Fiserv leaves businesses intrigued by their commitment to innovation, security, and seamless payment experiences, encouraging further exploration into the depth of their offerings.

Square is a leading financial services and digital payments company owned by Block Inc, which is a financial services and technologies company that also deals in blockchain. Square was founded in 2009 by Jack Dorsey and Jim McKelvey and has become a common way for businesses to accept credit card payments and use phones or tablets as payment registers for a point-of-sale system. They cater to all business types and sizes and offer their clients a comprehensive list of tool integrations and hardware. Square offers a range of transaction-processing options and supports invoicing, recurring payments, and international credit card payments. They have a great reputation among clients for their responsive customer support and the flexibility they offer to clients with their many tools and software and have a 4.3/5 on Trustpilot. There are many things to consider when it comes to costs with Square, but their website lists pricing and processing fees clearly. They offer three plan tiers, including a free one where they only charge processing fees for accepted payments.