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SQ

Square

Payment Systems

Square (now Block) is a financial services platform founded in 2009, specializing in payment solutions for small businesses. The platform is particularly noted for its point-of-sale (POS) systems, card readers, and online payment processing. Square offers services including in-person payments, online payments, invoicing, payroll, and business banking. The platform is popular among small businesses, restaurants, and retailers due to its ease of use and comprehensive business tools. Square also offers Cash App for peer-to-peer payments and stock trading.

Data status: partially verifiedLast verified: 2026-08-03Provider website

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Catalog tags

Small Businesses Retailers Restaurants

Risk Warning

Trading financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Leverage trading can amplify both profits and losses. Past performance is not indicative of future results. Before trading, please consider your level of experience, investment objectives, and seek independent financial advice if necessary.

Key Features

Point of Sale
Card Readers
Online Payments
Invoicing
Payroll
Business Banking
Inventory Management

Listed highlights

  • Easy to use
  • Comprehensive business tools
  • No monthly fees for basic plan
  • Good for small businesses
  • Integrated ecosystem

Listed considerations

  • Fees can be higher than competitors
  • Customer support can be slow
  • Limited to small businesses
  • Hardware costs

Quick Comparison

FeatureSquareN26TastytradetastyworksRevolut
RatingNot availableNot availableNot availableNot availableNot available
PricingPayment method, product and plan dependentPlan and country dependent$0 stocks/ETFs; $1 opening options commissionProduct and order dependentPlan and country dependent
Founded20092013200120172015

Frequently Asked Questions

What are Square's fees?
Square charges 2.6% + $0.10 per transaction for in-person payments and 2.9% + $0.30 for online payments. There are no monthly fees for the basic plan, making it attractive for small businesses.
Does Square offer a point of sale system?
Yes, Square offers comprehensive POS systems including hardware like card readers, terminals, and registers. The POS software includes inventory management, employee management, and sales reporting.
Is Square only for small businesses?
Square is primarily designed for small and medium-sized businesses. Larger enterprises may need more advanced solutions, though Square does have enterprise options available.
Pricing
Square publishes separate fees for in-person, online, keyed and other payment flows, plus optional subscription plans and custom pricing for some businesses. Confirm the applicable country and product schedule.
Min Deposit
$0
Founded
2009
Mobile App
Yes
Demo Account
No
Withdrawal
1-2 business days
Support
Phone, Email, Chat
Regulation
Various US

Licence number and legal-entity verification: not recorded. Check the regulator directly.

Platforms
WebiOSAndroidHardware
Deposit Methods
Via Business Bank Account