ProMerchant vs Square

ProMerchant is a credit card processing company founded in 2018 that offers solutions for small businesses. The business provides services for both traditional brick-and-mortar businesses and online retailers. They have two price options: one offers no processing fees to retail businesses and restaurants, and the other utilizes an interchange with a fixed percentage rate and transaction fee cost structure. ProMerchant boasts that its representatives can approve your account in as little as two hours. They have gotten favorable feedback from clients and are renowned for their capacity to work with high-risk enterprises. ProMerchant is a wonderful alternative for companies of all sizes because it supports practically every small business. ProMerchant has an A+ rating on the BBB website, though they are not accredited by them. They earn positive reviews from customers, getting a 4.9/5 score on Trustpilot, and are recognized for a fast approval process and competitive pricing.

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.