Stripe or Square- Which is best for my business?
I see it all the time. Fellow female business owners are trying to figure out which payment platform to choose that’s best for their business.
I completely understand! It’s a little daunting trying to choose between two platforms that seem so similar. And really, they are pretty similar, with similar fees and operations. But, there are a few differences that could be huge for you! Keep reading…
I started out using Stripe and Paypal to accept payments for my business. I still use Paypal, but I now have been using Square for over 6 months now and I am so glad I made the switch from Stripe! While using Stripe, I noticed I would receive my transactions in my bank account within 3-5 business days depending on when the transaction occurred. After using Stripe without issue for almost a year, all of a sudden I received an email from Stripe stating that would begin holding my transaction for up to 2 weeks beginning immediately. I was completely blindsided and had no idea why I was getting this email, and why out of nowhere would they be holding my transactions for such a long period of time. I was not very happy and called them immediately!
They did not have any particular reason why they were starting this with my account but there was nothing I could do about it, and they had no idea how long they would all of my transactions for that long. I was confused and furious, and made up my mind that I would no longer be using Stripe again! I have used Square in the past, so I decided to look into it for my own business. They had options to have funds transferred to your account same business day and even instant transfer, so I decided to give it a try and I haven’t looked back! I have not had any issues with Square and love it! It integrates with several different platforms making it a great addition for my business.
I would definitely suggest using Square over Stripe any day of the week! Give it a try, I promise you won’t regret it!!