![]() Modern-day POS systems process using digital devices like computers, bar code scanners, credit card readers, and other smart devices. In the past, POS executed through cash registers and similar equipment. The merchant then prepares that amount in the form of an invoice for the customer. At this particular point, the merchant calculates the amount owed by a customer. You can also call it a place and time where a transaction occurs. Understanding POSĪ point-of-sale is an essential part of a purchase point, where a customer pays up for products or services. Square is a robust point-of-sale system that ensures your payments stay secure and safe while being transferred between accounts. It deals in hardware and software products aimed at the business of all sizes for instant payment processing. Square offers these services without any extra expenses. Square Inc is a mobile payment, financial, and merchant service company that provides one of the best data protection and payment security for worldwide customers. ![]() We will discuss their safety attributes for customers one after the other, and give the verdict at the end. While there are many differences to talk about regarding the two platforms, we will only compare each of these payment processing players’ security and safety measures. At present, both portals have expanded their reach of services to provide customers with a diversified platform covering most ways of accepting payments.ĭiversification has led many business owners to feel confused about the right platform for their requirements. On the contrary, PayPal became a popular platform for payments using the online mode. Square was famous for its in-person sales processing, where the use of mobile card readers was the primary source of transactions. That’s where platforms like Square and PayPal support merchants to have streamlined payments delivered to them from their customers. ![]() Small business owners often have to deal with payment processing.
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