Being able to process credit card payments away from your office or store is an important part of being competitive for many small businesses. Once a complicated and expensive procedure, mobile credit card processing is now easy and affordable.
In this article review Square vs. Paypal and other top options and give you a choice for best mobile credit card processing.
Our Top Choice for Mobile Credit Card Processing for Small Business Owners: Paypal
Plan 1: no
Plan 2: $19.95
- Keyed rate/scan
3.5% + $0.15
- Non US cards
- Keyed rate 3.50%
Pay as you go
- Swipe rate 2.75%
- Keyed rate 3.75%
(up to 50 users
- Swipe rate 1.75%
- Keyed rate 2.75%
and Card Reader?
up to 50
when you download
can be held.
Accounts can be frozen for 30 days
has been removed
placed on money.
can be held for
up to 30 days.
running iOS 3GS or
higher (iPads with
iOS 5 or later)
Full Compatibility List
2.3 and up.
Some printers, cash
registers, and barcode
Full Compatibility List
running iOS 6
or higher, most
payments and debit cards.
Accepts email invoices.
Accept checks for
Records cash transactions.
Discover, Square, and
Can record cash transactions and gift certificates.
major credit and
Allows users to
record cash payments
Free card reader
sent in 5-7
Free card reader
5-10 business days.
Free card reader
is delivered within
5-10 business days
MasterCard. Otherwise, funds are transferred to a linked PayPal account. More details below.
into a linked
*any funds via
suspicious can be
and limits on
suspected of fraud
Square Connect API:
open 24/7 365 year.
24 Hour Monitoring.
Print cash receipts.
and send a
thank you page.
Can process 26
Add inventory shelf.
- Customized branded
receipts with logos.
- Pay employees.
- Calculate and
*GoPayment charges $0.15 on all “Non-Qualified transactions” for rewards based credit cards, Discover and American Express. It’s worth reading the fine print and calculating your actual price per transaction.
Why We Chose PayPal Here for Small Business Owners
Overall, PayPal Here was our top choice among mobile credit card processors. Set up is fast and free, it’s easy to use, and is compatible with the largest number of devices. With Papal here you get access to your money within minutes. To get set up, all you have to do is download the app and begin keying in payments while your card reader is shipped.
PayPal here is one of the lowest cost providers, pricing is straightforward and your can enhance customer service by offering multiple payment options.
Live customer service, 24 hour security monitoring, and daily reporting all make PayPal Here more appealing than the other options we reviewed.
Does PayPal Here have drawbacks? Holding procedures can block access to funds and it isn’t compatible with Android tablets. Overall, however, with a Better Business Bureau rating of A+, we feel that PayPal Here is the top mobile credit card processing provider for small business.
Square vs. Paypal vs. Intuit GoPayment vs. PayAnywhere In-Depth Review
Ease of Use
For those doing less than $2,000 month, PayAnywhere is the cheapest option of the four. Swiping is cheaper than keying the information in, but you’ll have to use the keyed in option while your card reader is being shipped, when swiping just won’t work, there’s no Internet connection or your customer and their card is not present. For example, you may have lost your Internet connection at a tradeshow and had to key in the information later on.
For more info, check out our article on credit card processing fees, where we break down how they work and what pricing model is best.
Here’s PayAnywhere’s user agreement.
Even the best mobile credit card processing provider won’t make you happy if it doesn’t work with your mobile device. While most providers support Apple and Android devices, but do not support BlackBerry or Windows devices.
Most mobile credit card processors take all of the major credit and debit cards. However some charge more for American Express, Discover and non-US cards.
PayPal: Your customers can pay with Visa, MasterCard, American Express, Discover, and of course, PayPal. You can also accept electronic checks (US) and track cash payments. Extra charges apply to non-US cards.
Intuit: All major credit cards and debit cards are accepted. However, higher rates apply to rewards based credit cards, American Express and Discover.
Pay Anywhere: Accepts major cards, such as Visa, MasterCard, American Express, Discover, PayPal credit cards and Amex.
Speed of Access to Money
Part of Square’s customer promise is next day deposit. It can take between 1 and 2 business days for funds to be deposited. Square recently removed the practice of regularly holding funds, but they can (and do) hold transactions that are deemed suspicious.
Pay Anywhere: This is one of the fastest services and deposits funds in a single business day. Holds can be an issue and there are many online customer reviews complaining of large transactions being frozen for extended periods of time.
PayPal: This works with QuickBooks, Excel and services like NCR Silver sales products.
Square: Integrations include QuickBooks, Xero, Stitch and some
customized solutions. Also integrates with Square Register, one of the best low-cost POS systems.
Pay Anywhere: Works with several cloud printers and QuickBooks.
Most providers now comply with Payment Card Industry Data Security Standard (PCI) and take security seriously.
PayPay Here is well protected with encryption of information, fraud protection, PINs and 24 hour monitoring.
Intuit: Dedicated staff monitor activity. Information is encrypted card reader and you are PIN protected.
Pay Anywhere: This platform offers an encrypted card reader, fraud protection and is PIN protected with a timeout.
Like business owners, many mobile credit card processing platforms are multi-taskers.
Not as rich as PayPal Here, Square does offer some important extras. These include a tipping option, creating online receipts, setting up customer loyalty programs and adding inventory shelves. They also have a cool new feature called Pickup which helps food and beverage businesses fill orders in person and online.
Intuit is all about the accounting and offer features to help you get it done. With GoPayment, you can add GeoLocation sales tax and look more professional with branded receipts.
Extra goodies from PayAnywhere include heat maps that help you identify hot sales locations, printable receipts, GeoTax calculation based on where you are, inventory set up and reporting.
The Bottom Line
Small businesses looking to cash in on mobile credit card processing can do so quickly, affordably and securely with PayPal Here. It’s an excellent system. It not only helps you sell wherever you and your customers are, but also has extra features that support your sales, marketing and accounting processes.