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Everything You Need to Know About Square Payment

Written by on June 22, 2022

Whether you’re running a small business or have had an established business for years, choosing the best payment platform is necessary to streamline the transaction process and create a better customer experience for your business. 

Square payment is a processing app that allows your business to accept card payments anywhere without a monthly fee or minimum payment. In this post, we will outline everything you need to know about Square payment and why you should consider the platform for a payment method for your business. 

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So, what is Square and what are the pros and cons of using it as a payment platform? 

Accepting payment with Square

What is Square Payment?

Started initially as a swipe-based payment processing system and formerly known as Squareup, you can access Square by its original name at squareup.com

Today, Square offers various services on the platform, which you can sign up for free. It is suitable for different types of business, whether you have an online shop or run a brick-and-mortar venture. On top of a payment platform, Square also comes with features that can improve your customer experience and manage your business more efficiently. 

If you have a physical shop, you can use Square as a point-of-sale, allowing you to accept payment with affordable credit card processing rates. Even if you run your business online, Square has advanced payment processing that helps your customer make a transaction in one go. 

In addition, the feature-rich platform can be easily integrated with other SaaS products, including InvoiceBerry, which we will discuss later in this article. 

Why You Should Use Square Payment For Your Business

Now you may wonder whether Square is a payment solution for your business. 

In this section, we will outline why you should consider using Square payment for your business and everything you need to know before signing with the platform. Here are some reasons why you need to consider Square as your payment processing platform! 

You can sign up for Square Payment for free

Signing up for Square Payment is free, and there is no monthly fee even when you start using it as a payment platform. No long-term commitment is necessary, so you have the liberty of how you want to maximize your experiments with Square Payment. 

However, Square Payment applies per-transaction rates and fees, which vary depending on the payment method you receive from your business as below: 

  • 2.6% + $0.10 for contactless and swiped payment. 
  • 3.5% + $0.15 for payments using Card on File or Virtual Terminal. 
  • 2.9% + $0.30 or 3.5% + %0.15 for invoices paid using Card on File. 

Extra fees might occur for some specific lines of business, but the rates applied are relatively competitive compared to Square Payment’s alternatives like Paypal or Stripe.

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You can offer more payment options for your customers

Accepting payment in different ways is one way to bring value to your customers for your business. Your customers are likely to want to pay in various methods. As a business owner, it’s best to give them payment options that work for both parties involved. 

So, instead of losing a potential customer, you can accommodate it by using Square Payment. With Square Payment, you can increase your customer experience by giving them options on how they want to pay for your products or services. 

Square enables you to accept payments through cards, Apple Pay, Android Pay, and other payment methods. On top of that, you can receive it in your registered bank account in no time!

All transactions made through Square Payment are encrypted

Among all the advantages of using Square Payment for your payment gateway, data privacy and security are one of the many reasons why Square Payment is worth your consideration. 

Square Payment ensures all payments made through the platform are encrypted, protecting data from businesses and customers involved. 

For extra protection, you can also set up a 2-step verification feature on your Square Payment account to add a layer of security to your account. Even in the event of a dispute, Square Payment guarantees to manage it for free, so they will form a dedicated team to solve the problem with your bank. 

Square payment tutorial

You can easily integrate Square Payment with other software

If you run a digital business, you will likely need a virtual payment gateway that enables you to integrate it with the other software you use for your business. 

Whether you need one to process online sales through your e-commerce website or you want to create a digital ecosystem for your online appointment through your digital calendar, it can be done with Square Payment through a few simple steps. 

Square Payment is a hybrid payment system that enables you to streamline your business process, which can benefit your business and customers. Equipped with real-time reporting and analytic features, you can combine the functionality and integrate it with other software, including invoicing software like InvoiceBerry!

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How to Integrate Square Payment with InvoiceBerry

The option to accept payment online via Square is available on InvoiceBerry. This section will outline step-by-step how to integrate Square Payment with InvoiceBerry. 

1. Sign in to your InvoiceBerry account, and once you’re logged in, click the “Setting” option on your dashboard. 

Setting on InvoiceBerry

2. It will take you to the page where you can opt for “Your Plan” and “Manage Your Setting.” Click the latter, and it will direct you to a page with a few setting options for customization. Click on “Accept Payments” button. 

How To Accept Payment on InvoiceBerry

3. On the next page, you will see some payment options, including Bank Transfer, GoCardless, Paypal, etc. Click on “Square” button. 

Accepting payment via Square with InvoiceBerry

4. The “Connect” button will appear, and it will go directly to the Square sign-in page. Submit your login details, and you will get to a confirmation page from InvoiceBerry to gain access to your Square account. Click “Allow.”

Submit your square login details

5. Voila, your Square Payment is now integrated into your InvoiceBerry account!

How to Accept Payment via Square with InvoiceBerry

Now that your Square Payment connects to your InvoiceBerry account, here are some steps to send an invoice with the option to pay with Square Payment!

  1. Click on “Invoices” section on your dashboard, and create a new invoice. 
  2. On the payment method section, check “Square” in the options so it will be reflected on the invoice sent to your customer. 
  3. Once it’s done, click on “Save Invoice” and it will take you to the page where you can pick an option on how you want to send it to your customer. 
  4. If you send it via email, your customer will be able to proceed with the payment via Square directly through the invoice you made on InvoiceBerry. 

Conclusion: What You Need to Know About Square Payment

Square Payment is a seamless mobile payment gateway that allows you to provide various payment methods for your business. It doesn’t require technical expertise to set up Square Payment, and you can sign up for the platform at no cost. 

From the business point of view, giving your customers various options to proceed with their payment can boost the customer experience for your business. Square Payment makes it possible to receive payment anywhere with multiple payment methods available. On top of that, the platform also guarantees protection for you as a business entity and your customer. 

Everything you need to know about Square payment

Integration with other software like InvoiceBerry can also benefit you as a business owner, as it will streamline the business process between you and your customer in no time. Sign up for Square Payment and InvoiceBerry now for a better experience!

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