![]() Create a free Square account today.Here at 5i Research, it is uncommon for us to start coverage on a company and add it to one of our model portfolios after it just went public, but we found Lightspeed POS was a company hard to ignore. We recently issued a new report on LSPD which can be found here. Plus, you are never locked into any long-term contract. It’s a great fit for new businesses, mobile businesses, and businesses with small average transactions. It has no monthly fee and is easy to set up and use. Though there are scenarios when you would want to use these Square alternatives, Square is our top-recommended POS and payment processing solution. Some merchants may find these companies a better match in terms of inventory management, customization, and payment processing to grow their particular sales platform. Square competitors like Clover, PayPal, Helcim, Stripe, SumUp, Lightspeed, Shopify, and Toast provide comparable features for certain business types. Depending on your priorities, Lightspeed, Shopify, SumUp, PayPal, and Clover are the closest that comes to Square with overall similar functions. Retailers love Square because of its all-in-one POS software, hardware, payment processing, ecommerce, and business management solution. Square Competitors Frequently Asked Questions (FAQs) We then evaluated each potential alternative in terms of pricing, features, and ease of use to come up with our final recommendations.įinally, we matched each of our chosen alternatives to different business types that have outgrown Square’s POS, payment processing, and business management solutions. We started by identifying areas where Square’s features fall short and rounded up a number of possible provider options. It works with a number of payment processors and hardware.Īs an all-in-one solution, Square is often compared, not only against POS systems, but also with payment processors, credit card readers, online platforms, and more.
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