SquareUp vs Verifone Payware Mobile

What’s the big difference between Square and Verifone iphone mobile payments? This review examines fees, software, hardware and security.

my

SQUARE VERIFONE PAYWARE
Software Free app download Free app download
Hardware Free Card Reader iphone encryption sleeve – Free to $149 depending on promotion
Fees 2.75% + 15¢ card present

3.5% + 15¢ keyed

Varies by merchant account. Typical large retailer effective rate is 1.7-1.85% all inclusive for card present. 2.5%-3% for card not present, depending on industry.
Security SSL End to End encryption
Flex iphone, ipad, and Droid iphone only to date
merchant account none requires merchant account- existing or new

My recommendation is to run a cost analysis for both options and determine what’s easier for you to implement.