As a result, I thought I should update what I’d written.
The latest entry to the marketplace for me is “Charge”—the Stripe payment alternative— hence its inclusion into my data.
Paypal Here:-$99 for the Paypal Here Device. The app costs nothing to set up.
Charge:- The reader is $129 and the app is free to download.
Square:- The readers are the small push in unit for the phone $ 19.00 or the larger Tap & Go $59. The app costs nothing.
Paypal: $0.69 - so that's 2.6% +.30 per $15 transaction.
Charge: $0.5625 - so it's 17.5% + 0.30 per $15 transaction
Square: $0.33 - so that's a flat 2.2% when done online OR
$0.285 - a flat rate of 1.9% when tapped, inserted or swiped.
Square I’ve found simple, the generation of reports arriving in a moment.
I can’t comment on Stripe (although I do have an account and accept the odd payment via this I don’t encourage payments this way.)
If you want to see my other report on payment options in Australia, please feel free to go check it out.
Important to note:
As these are governed by financial transaction guidelines in individual countries, the multitudinous readers only work in the country they are bought in. So, you can’t buy a Paypal Here in Australia and use it in the USA or the Square bought in the USA in say New Zealand.
You can generally get around these issues by using the online interface, just be aware of the changes in fee structures that this creates.
Also these figures are direct from the sites listed (Paypal, Stripe & Square) as at 1pm 31 July 2019. As with all things financial, you need to do your own research, and this should merely be a part of your due diligence.