As a business owner, you’re always looking for ways to improve your bottom line. One way to do that is by looking at your competition and understanding what they’re doing well. In mobile payments, Square is one of the most prominent players. But several other companies offer similar services, so it’s essential to understand who they are and what they offer. This post will introduce you to some of Square’s competitors and explain what sets them apart.
#1. Lightspeed Retail
- Founded: 2005
- Headquarters: Canada
Need to know
Lightspeed Retail is a comprehensive point-of-sale (POS) system designed for small businesses. It offers features such as inventory tracking, customer management, and sales reporting, all of which can help you manage your business more effectively.
One of the best things about Lightspeed Retail is its versatility. It can be used to track sales across multiple channels, including online and in-store transactions. You can also use it to manage consignment stock and track purchase orders.
Lightspeed Retail will help you keep your business running smoothly. It can be used to manage online and in-store transactions, and with features such as inventory tracking and customer management, it’ll give you complete control over your business.
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#2. Intuit QuickBooks GoPayment
- Founded: 1983
- Headquarters: Mountain View, California, United States
Need to know
Intuit QuickBooks GoPayment is Intuit’s mobile credit card processing service. It allows for the quick and easy creation of virtual payment cards, accepting major credit cards with a simple swipe or tap on your smartphone or tablet. You can even choose to receive your payments to an E-Wallet account, allowing you to request cash back at an ATM.
QuickBooks GoPayment is currently available in two different plans: Pay-as-you-go and Subscription, so it’s best to decide which plan will suit you best before signing up.
Intuit offers a lower monthly plan charge, despite having no minimum monthly fee compared to the Pay-As-You-Go Plan.
For this reason, you would only want to sign up for Intuit’s Pay As You Go Plan if your transaction volume falls under 500 transactions or if you would rather not pay any monthly fees at all. The latter case rarely happens, but if it did, that would be one of the very few instances in which the Pay As You Go Plan would be advantageous.
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#3. PayPal Here
- Founded: December 1998
- Headquarters: San Jose, California, U.S
Need to know
Paypal Here is an app that allows small business owners to accept credit cards using just their mobile device (smartphone or tablet). Customers simply swipe their card in the reader, enter their pin and press “submit,” and then they’re done. It’s that easy.
There are no monthly or annual fees, and the processing fees only range from 2.7% to 3.4%, plus 30 cents per transaction. The app can also be linked with existing point-of-sale hardware, so business owners can swipe cards through a card reader that plugs into the headphone jack of their mobile device.
But it doesn’t stop there! Not only does Paypal Here allow you to collect payments, but the app also can export your transaction history into excel or CSV files. You can also use “Lucky Dip” if you choose not to enter payment information, allowing customers to pay for purchases with a one-time-use four-digit number.
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#4. ShopKeep
- Founded: October 1, 2008
- Headquarters: New York, New York, United States
Need to know
ShopKeep is a cloud-based point of sale (POS) system that helps small business owners manage their operations. The software is easy to use and helps business owners track sales, inventory, and customer data.
ShopKeep also offers a variety of features that help business owners run their businesses more efficiently. It provides business owners with real-time sales data to make informed decisions about their businesses.
ShopKeep’s inventory tracking feature helps business owners keep track of what items are selling and how much stock they have on hand. This can help businesses avoid running out of products and losing sales.
Shopkeep is an amazing program for small businesses. It is user-friendly and easy to navigate, which is essential as not everyone is tech-savvy. The real-time sales data has helped make informed business decisions, and the inventory tracking feature has saved from running out of products.
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#5. Shopify
- Founded: 2004
- Headquarters: Ottawa, Canada
Need to know
Shopify is a Canadian e-commerce company founded in 2004. The company allows businesses to create online stores and sell products directly to consumers. Shopify currently has over half a million users, including businesses of all sizes and industries.
Shopify is a great option for businesses that want to start selling online. The platform is easy to use, and there are plenty of templates and tools to help you get started. Shopify also has a huge app store, so you can find tools and features to add to your store. And if you need help, Shopify’s customer support is top-notch.
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#6. CDGcommerce
- Founded: 1998
- Headquarters: 1620 Dodge St, Omaha, NE 68102, United States
Need to know
CDGcommerce is a leader in providing eCommerce solutions for businesses of all sizes. Their services include website design and development, payment processing, and fraud prevention. With over 15 years of experience, CDGcommerce has helped thousands of businesses grow their online sales.
One of the benefits of working with CDGcommerce is their team of experts who are always available to help you get the most out of your eCommerce solution. Whether you need help setting up your store or want to learn how to optimize your traffic and sales, the team at CDGcommerce can assist you every step of the way.
In addition to its commitment to customer service, CDGcommerce offers a wide range of features and capabilities that can accommodate companies of any size. The flexible products and customizable services can adapt to fit your unique business needs.
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#7. SumUp
- Founded: 2012
- Headquarters: London, United Kingdom
Need to know
SumUp is a mobile payment system that allows customers to purchase using their mobile devices. The app is available for both Android and iOS devices and can pay for items in-store, online, or even split bills with friends. SumUp is a quick and easy way to pay for things without having to fumble around with cash or cards.
One of the great things about SumUp is that there are no subscription fees or hidden costs. You simply download the app, add your credit or debit card, and you’re ready to go. There are also no extra charges for using SumUp in different countries – you’ll only be charged the standard processing fees from your bank.
SumUp has been designed with security in mind. Your card details are stored on a secure server and are never shared with the merchant. In addition, SumUp uses cutting-edge encryption technology to ensure that your transactions are safe and secure.
If you’re looking for a quick and easy way to pay for things, SumUp is the app for you. With no subscription fees and a wide range of supported countries, SumUp is the perfect payment solution for travelers and busy people alike. So why not download the app today and see how it can make your life easier? SumUp is a mobile payment system that allows customers to purchase using their mobile devices.