Square Payments offers a versatile payment processing system designed to handle transactions across multiple channels. The platform supports in-person payments via hardware like Square Terminal and Square Register, online payments through APIs or a free online store, and remote payments via invoices or virtual terminals. It integrates fraud prevention, PCI compliance, and real-time reporting tools.

Key Features

Multi-Channel Payment Acceptance

• In-person transactions using POS hardware (swipe, contactless, chip-and-PIN).
• Online payments via APIs, payment links, or a customizable storefront.
• Remote invoicing and ACH transfers through Square Virtual Terminal.

Hardware Solutions

• Square Terminal: All-in-one POS with built-in receipt printer.
• Square Register: Dual-screen system for high-volume transactions.
• Tap-to-Pay on mobile devices (no additional hardware required).

Security & Compliance

• End-to-end encryption and PCI compliance.
• Fraud detection and dispute management tools.
• Offline payment processing with 24-hour backup12.

Financial Tools

• Instant or next-day fund transfers to external accounts.
• Custom pricing for businesses processing over $250K annually.
• Detailed sales analytics and reporting dashboards.

Benefits

Operational Flexibility

• Accept payments anywhere (storefront, mobile, online).
• Scalable solutions for startups to enterprises.

Cash Flow Management

• Immediate access to funds via Square Checking account.
• Low ACH transfer fees (1% per transaction)12.

Business Insights

• Real-time sales tracking and performance metrics.
• Custom reporting for inventory and revenue trends.