paypal vs square, verified June 2026

PayPal vs Square Pricing 2026: Head-to-Head

Side-by-side cost-per-$100 across four GMV bands, with each vendor's published rate card, dispute fees, and cross-border surcharge laid out under a single decision aid.

Decision aid

PayPal wins on online consumer ecommerce (Advanced 2.89% + 29c is fractionally cheaper than Square's online 2.9% + 30c) and on cross-border, where Square is not supported at all. Square crushes PayPal in-person at 2.6% + 15c plus $0 chargeback fee. Pick by where the revenue actually lives: online cart or physical till.

Both vendors at a glance

PayPal
PayPal
Median band
2.89% + 29c (Advanced Checkout)
Model: flat-rate
Monthly: $0
Dispute: $20 chargeback fee on card transactions not processed through PayPal Checkout
Cross-border: +1.5% on international transactions
FX: Up to 4% on currency conversion (3% for some goods/services)
Square
Square
Median band
2.4% + 15c (Square Premium tap/dip)
Model: flat-rate
Monthly: $0
Dispute: $0 (Square absorbs chargeback fees, up to $250/mo in protection)
Cross-border: Not supported (US-only for most processing)
FX: n/a

Feature comparison

PayPal
PayPal wallet at checkout✓ Included
In-person sub-2.7%✗ Missing
Free hardware✗ Missing
$0 chargeback fee✗ Missing
Cross-border consumer reach✓ Included
Native invoicing✓ Included
Multi-currency settlement✓ Included
BNPL via Pay in 4✓ Included
Square
PayPal wallet at checkout✗ Missing
In-person sub-2.7%✓ Included
Free hardware✓ Included
$0 chargeback fee✓ Included
Cross-border consumer reach✗ Missing
Native invoicing✓ Included
Multi-currency settlement✗ Missing
BNPL via Pay in 4◐ Add-on

Cost-per-$100 across four GMV bands

Illustrative examples, not a real company. Cost models use each vendor's published headline rate and per-transaction fixed fee. Quote-only vendors are not estimated.

$150k/yr, $25 (in-person) ticket
PayPal
2.89% + 29c (Advanced Checkout)
~$6,080
Square
2.4% + 15c (Square Premium tap/dip)
~$4,800
Square cheaper
$600k/yr, $55 (mostly online) ticket
PayPal
2.89% + 29c (Advanced Checkout)
~$20,500
Square
2.4% + 15c (Square Premium tap/dip)
~$20,670
PayPal cheaper
$2.5M/yr, $90 (online) ticket
PayPal
2.89% + 29c (Advanced Checkout)
~$80,310
Square
2.4% + 15c (Square Premium tap/dip)
~$80,830
PayPal cheaper
$8M/yr, $150 (cross-border) ticket
PayPal
2.89% + 29c (Advanced Checkout)
~$366,670
Square
2.4% + 15c (Square Premium tap/dip)
Not supported
PayPal cheaper

Switching cost

If you're on PayPal and considering Square

PayPal to Square is a 2-4 week project for online-only stores, plus hardware buy-in for any card-present revenue. Square to PayPal is faster (1-2 weeks) but you lose in-person hardware integration and gain the FX margin and chargeback fees. Customer-saved cards do not transfer; expect re-tokenisation.

Related

See all vendor pages on the vendor index, or run your own numbers in the cross-vendor cost calculator.

verified Last verified June 2026