Square Payment Gateway

Looking for a hassle-free and secure way to accept payments? Look no further than Square Payment Gateway! This option has earned the trust of over 64 million users worldwide thanks to its broad support for various payment methods and its transparent, upfront pricing.


Let's explore the unique features of Square Payment Gateway and answer some frequently asked questions to understand how it works. We'll also guide you through integrating Square with your online store, focusing on Shopify and providing a brief overview of the general setup process. Let's dive in.


What is Square Payment Gateway?


Square Payment Gateway is a financial service that allows businesses to easily accept credit card payments, both online and in person. It seamlessly integrates with websites and mobile apps for unified electronic transactions.


Customers can use credit cards, debit cards, and mobile wallets like Apple Pay and Google Pay. Square's straightforward pricing and user-friendly setup support all these options, making it a favorite among small to medium-sized businesses.


Key to its appeal is its compliance with PCI Data Security Standards to safeguard payment information. It also enhances business operations with real-time analytics, inventory management, and detailed sales reports, helping owners gain insights and streamline their operations.


What are the benefits of accepting payments through Square?


Square Payment Gateway appeals to small and medium-sized businesses for many reasons. One is its user-friendly interface. Its hardware and software are easy to set up and use, even for those without technical expertise.


It also provides tools and solutions beyond efficient payment processing, such as point-of-sale software, inventory management, and customer insights. This integration simplifies business operations and reduces the need for multiple separate systems.


Like other popular payment gateways, Square complies with PCI Data Security Standards, providing robust security measures to protect sensitive payment information. This can help reduce the business's liability and increase customer trust.


If you want to offer potential buyers versatility, Square is the go-to payment gateway. It accepts various payment methods, including cards and wallets. Allowing buyers to pay in the most convenient manner for them is topnotch customer service.


This app is also portable and scalable. It comes with mobile card readers that connect to smartphones and tablets. From a single mobile reader to a complete POS system, Square can adapt to your changing business needs.


How to Connect Square Payment Gateway with Your Online Store


The process of connecting Square to your online store may vary slightly depending on the content management system (CMS) you're using. This guide will focus on Shopify since it's one of the most common e-commerce platforms. Let’s assume that it's also what you're using.


Step 1: Add Square to your Shopify apps.


Log in to your Shopify store and check if Shopify has already been added as a third-party payment provider. To do this, go to Settings and select "Payments." Under "Payment Providers," click the "Choose a provider" button.


Type "Square" in the search bar, and if you don't get any results, it means the app hasn't been added yet. You need to return to your dashboard's homepage and click "Add apps" from the menu on the left side. Scroll toward the bottom and click "Shopify App Store."


Search for Square. Unfortunately, Square doesn't have a specific app for the integration. Instead, it allows you to connect through a third-party app.


The top search results are apps you can add to your Shopify store to connect with Square. However, it would be best to examine each app thoroughly to ensure it indeed functions as a conduit for Square. Furthermore, some of these third-party apps come with a free trial, while others require a paid subscription.


Step 2: Create a Square account.


Go to Square.com and click "Get started." Enter your email address and location, and agree to the terms and conditions. Once you have an account, Square will request information about your business to further customize your experience, such as business type, employee identification number (EIN), contact details, and estimated annual revenue.


Tip: If you prefer not to give out your address, check the box indicating that you are a mobile business without a permanent physical location.


You can skip some steps, such as selecting recommended add-on software. However, to activate your account, you must first verify your identity. Enter your name, date of birth, phone number, the last four digits of your SSN, and your address.


Step 3: Integrate Square with your Shopify store.


Once your account is set up, log in to Square. Go to the Developer section of your dashboard and create a new application. This will connect Square with your online store. After creating your application, you will be given API credentials, including an Application ID and Access Token. Keep these secure, as you will need them to configure your e-commerce platform.


As you explore your Square account dashboard, look for the option to integrate your Square account with your Shopify store. Follow the prompts until the two apps are fully synced. You will need to return to your Shopify store to activate Square for full functionality.


How to Add Square Payment Gateway to a Different Platform


Is your online store on WooCommerce or Magento? If so, the integration process is not very different from the one described above. However, you will need to install the Square Payment Gateway as a plugin or extension. There's also a bit of configuration required.


One thing to remember, though, is that the integration process may not be completely free. Depending on the third-party app you choose to channel Square through, you might need to sign up for a subscription or pay a one-time fee.


Also, if transactions are not processing, check your API credentials and ensure there are no typos or spaces. Make sure that your Square account is correctly configured to accept payments and that there are no unresolved issues, such as required verifications or limitations.


Can I connect multiple Square accounts to my online store?


The answer is no. You can only connect one Square account at a time. If you need to connect another Square account, you must first disconnect your Shopify store from Square and remove Square as a payment method from your Shopify store. Then, repeat the process of adding Square as a payment method in your Shopify Store and completing the integration in your Square account.


Are payments transferred to my account in real time?


Square offers quick transfers, often depositing funds into a business's bank account as soon as the next business day. In fact, you can choose from several different cash-out options: standard transfers, same-day options, instant access, or manual transfers tailored to your schedule. This quick access can be crucial for managing cash flow effectively.


How much does it cost to use Square Payment Gateway?


Unlike many other payment gateways and processors, Square does not charge monthly fees. However, expect to be charged per transaction, which can be cost-effective, especially for smaller operations that may not have a constant flow of transactions.


Square offers different fee structures for various types of transactions. For online payments, the charge is 2.9% plus $0.30 per transaction. In comparison, transactions processed in person are more competitively priced at 2.6% plus $0.10 each, notably lower than many of its competitors.


For transactions manually keyed in or for payments processed using Square's Card on File system, the fee rises to 3.5% plus $0.15 per transaction. ACH payments are even more economical, incurring a cost of just 1%, with a minimum charge of $1 per transaction. Additionally, Square charges 2.9% plus $0.30 for each paid invoice when using their invoicing services.


Streamline Your Business Payments with Square


We've seen how Square Payment Gateway offers more than just a way to take payments. It's a powerful tool that can really boost your business's efficiency and growth. With robust security, multiple payment options, and helpful business tools, Square does it all.


Are you setting up an online store or upgrading your payment system? Square makes it easy and secure. Start using Square today and enjoy a smoother, more connected way to do business and keep your customers happy.