Flex meets Square
Like Flex, Square is an easy to use payment solution. As a competitor to Flex, it’s important to understand how the products compare.
For each statement, choose if you believe the feature is unique to Flex or Square.
Like Flex, Square is an easy to use payment solution. As a competitor to Flex, it’s important to understand how the products compare.
For each statement, choose if you believe the feature is unique to Flex or Square.
Payments must be less than $100.
Square is able to process payments over $100.
It requires a separate reader.
There is a one-off fee associated with the reader.
Flex Pay does not require any hardware and therefore no additional fees.
Fees are 1.8% of the transaction amount.
The fees for Square are charged at 1.9% of the transaction amount.
Same day settlement.
Settlement takes place at 5 pm AEST and funds are settled to the customer’s business transaction account the same day.
It takes 1-2 business days for settlement to occur for Square customers and the transaction processing fees are deducted before the funds are settled to the customer’s account.
Customer support is available 24/7 and is Australian based.
Customer support for Square is 9am-5pm AEST.
Accepts payments from Visa, Mastercard and digital wallets.
Square also accepts payments from American Express and eftpos cards.
A compatible Samsung smartphone is required for transactions.
Phone needs to have been purchased in Australia, and running Android 8. Square is compatible with iOS and Android.