PayPal vs. Square Fees: All You Need to Know

Fight and Waive Fees PayPal vs. Square Fees: All You Need to Know

PayPal vs. Square Fees: All You Need to Know

Most people have heard of PayPal by now. The financial service allows you to make online payments. What about Square? This similar service allows merchants and sellers to accept payments online or via a Point-of-Sale system. When determining PayPal vs. Square fees, you'll have to look at what both companies offer.

Let DoNotPay help you navigate these fees and company offerings. Then we'll go to work attempting to get said fees waived so you don't have to worry about paying for so many extra things in a given month. It's probably a hefty sum already.

What Are Some of PayPal's Fees?

PayPal offers both personal and business account services that have separate fees for sending money. There are even PayPal seller fees vs consumer fees.  Whether you're buying or selling cryptocurrencies, the following fees apply:

  1. .50 cent fee for up to $24.99
  2. 2.3% fee between $25 and $100
  3. 2% fee between $100.01 and $200
  4. 1.8% fee between $200.01 and $1,000
  5. 1.5% fee on anything above $1,000.01

What Are Some of Square's Fees?

Square offers one free reader. If you need another, you'll be charged $10. You'll also need to pay more if you request a different type of reader, such as:

  • $49 for a Square Reader that allows contactless and chip options
  • $169 for a Square Stand that allows contactless and chip options
  • $299 for a Square Terminal
  • $799 for a Square Register

Overview of PayPal vs. Square Fees

Square and PayPal both charge a fee when you're a merchant accepting payments. 

PayPal2.89% of the payment amount, plus a .49 cent fee
Square2.6% of the payment price, plus a .10 cent fee

Square also charges a higher price if the card details need to be entered manually. This costs 3.5% of the total price, plus a .15 cent fee.

PayPal has numerous other fees, depending on the circumstances. Their fees increase if someone is using guest checkout, an invoice is sent, or other commercial transactions are being made. It could be as high as 3.49%, plus an additional fixed fee amount of some change.

Ways to Avoid Payment Service Fees

Start by looking at the free account options and low-cost services first. If you can handle all of your business with these solutions, you can save big on the larger fees that get charged. Move up one tier at a time until you find the right solution without having to pay full price for an all-inclusive package.

You can also watch out for international charges, and avoid shipping outside of the U.S. if the fees are too much for you. Do your best to get guests with an account to check out using their account balances instead of another payment method. This will cut down on fee costs as well.

Can I Fight PayPal Vs. Square Fees Myself?

You'll have to reach out to each company separately to discuss fee waivers. With Square, you can go to the support center and request to speak with the support assistant. A live chat box will open.

You can also attempt to reach out on social media on either Facebook or Twitter.

Go to the contact section of PayPal. You can click Message Us, but you'll have to be signed in to use this feature. Otherwise, call 1-888-221-1161 to reach customer service. They're available 6 am to 6 pm PT, seven days per week.

You can reach PayPal on social media as well on Facebook or Twitter

Can I Fight These Fees With DoNotPay?

DoNotPay offers a Fight and Waive Fees product that can help. Give us a bit of information and we'll go to work creating a well-written and enthusiastic request that companies find difficult to deny. Here's how you can use DoNotPay to appeal fees:

  1. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal.

     

  2. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one.

     

  3. Submit your case! DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing.

     

Go through the steps for PayPal first and then Square to ensure we tackle both fee waiver requests promptly. 

Fighting Fees Is Something DoNotPay's Good at Doing

Your PayPal vs Square fees are just the start of what DoNotPay helps you waive. Fighting fees is one of many services DoNotPay is good at tackling. We'll also fight:

What Else Will DoNotPay Help Me Accomplish?

DoNotPay offers an array of financial, legal, and additional services. We'll help you:

Need assistance with a task? DoNotPay has you covered!

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