Braintree vs Square
Last updated: March 28, 2018
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Face to face in the news:
2016 - Square now allows to charge loyal customers without card swiping. Braintree keeps calm
Mobile payment processing service Square launched a new feature called Card on File that allows to charge recurring customers without card swiping (and even without asking for the card). It's also suitable for customers, because they can come to your shop or restaurant without card and money, take what they want and go away. And you quietly charge the appropriate amount from the card. Of course, first these customers have to opt in and enter their card data to your company's Square account. Besides, using Card on File businesses can charge remote customers without internet payment. But this feature is a little more expensive for business: it will cost you 3.5% plus 15 cents, compared to the 2.75% commission for swiping a card.
2014 - Braintree enables super easy sign-up for merchants (including Europe) to take on Square
PayPal's payment processing service Braintree is launching a new service that will let merchants sign up to the platform with only an email address, URL and short company description. It’s also extending its offer to Europe of offering the first $50,000 of transactions on the platform (in a local currency equivalent) free of any commission fees. The ability to use so little information is a big change from how merchants have set up payments systems in the past, particularly in Europe, where many banks require paper-based documentation to approve accounts. Here, Ready says that Braintree uses a combination of algorithms and a human smarts to research a company based on those three pieces of information to determine whether a company is a legit merchant to add to its platform.