Choosing your businesses’ best hardware and services is not as simple as it was back in the day when the options were limited. Nowadays, you will see an overabundance of merchant service providers and POS systems. With the growth of the business, customer satisfaction has become the top priority. This has made companies rethink everything about them, ranging from their products to even how they perform transactions.
Therefore the need to perform transactions remotely and in a way to bring the point of sale to the customer, the need for mobile transactions rose. As a result, so did options for the remote processing of transactions. Two of the most major one-the-go transaction systems are Clover Go and Square mobile processing. The main difference between them is that Clover is way better at handling large scale transactions and Square, which works better when the load of the transactions is much lesser. Both Clover and Square share several features, such as management software, loyalty rewards, and restaurants’ tools. But that is only at first glance. Upon researching both the systems, you will find out that they are much more diverse than they seem first.
Square Mobile Processing
Square comes with a plethora of features that you can use without even spending a single dollar. This is a huge plus for businesses that are just starting up. Square does not allow its merchants to set up a merchant service provider of their choosing, Square itself handles the credit and debit card processing of their clients. This means that the merchant can avoid being locked into a contract that is long term and would incur termination fees upon early cancellation. Square does not bind its users with a contract. But the card processing services of Square are a little more costly than that of many other merchant service providers.
You can ask for the Square Mobile card reader without paying anything and download the POS app of Square. This would enable you to get the whole Square payment processing system instantly. You can pay an additional $49 to get the contactless card reader. This would make your POS system even more versatile and remote as you can use your mobile to perform any credit card transaction at any place of your choosing.
Square gives a very versatile payment experience to its customers. They call it the turn key POS program. Using this program, the merchants that use Square hardware only pay when they make a sale. This allows for saving on monthly fees in the case of fewer sales. But this comes at the cost of a higher pricing model for the expenses that go along with each transaction. You cannot change the fees as you are only to use Square services using Square hardware. Another majorly known fact is the issues that come with the assistance of Square themselves. Square, as a payment processor has kept their role in a safe ground by making specialized terms in their policy regarding payments. Square can freeze any transaction they deem is suspicious and can ultimately lead to a lot of trouble at the merchant’s end. Added to that, the customer care of Square is minimal. And once a problem with the functionality occurs, it takes a long time and tedious efforts to resolve.
Clover Go
With Clover Go, you have an open end to choosing any payment processor you like. This leaves you free to a variety of different merchant account processors. And unlike Square, a third-party processor, you get access to a complete merchant account using Clover. When you sign up for payment processing using a merchant account, you get much better rates on payment processing and transaction fees compared to a third-party provider. This can account for the significant difference in transaction costs in the long run. Clover takes a little longer to set up because of Fiserv’s underwriting, but Clover has excellent processing integrations. And the system can integrate with the best credit card processing services in the market. The full-fledged merchant account processing services’ pricing structures are extraordinary in terms of savings for businesses with a higher processing volume.
Here are some of the critical features that Clover Go provides merchants with;
- New Sale: All you need to add a new sale is to punch a number and use the card reader to get the card’s payment information.
- Card Scanner: If there is an issue with the card reader, Clover Go allows you to scan the card through the device’s camera and proceed with the transaction.
- Dashboard: This will enable you to update your business information, such as the data generated by weekly sales or adding or removing employees.
- Inventory: It will allow you to view, add or remove inventory items based on their presence in-store and sales.
- Item Descriptions: the merchant can add all the details you would need on an item for retail purposes or inform a customer to the system.
- Item Counts: The merchant can know the exact number of objects present in the store to help merchants understand when to restock.
- Ability to Customize Tips: You can have preset tip amounts for quick usage upon the customer’s desire and customizable tips.
- Ability to Customize Tax: You can apply the multiple taxes that usually are connected to each item using the Clover Go.
- Refunding: The Clover Go POS system’s app allows merchants to make both partial and complete refunds to customers.
- E-receipts using Email and SMS: Upon the completion of a transaction, text or email receipts can be sent to customers
- Integration with Clover Suite: If you are using more than one Clover product, they can easily integrate to complete a POS unit.
- Open Orders: If an order is started in any other Clover product you own, you can pull it up and finish it using the Clover Go or any other integrated Clover device.
- Discounts: You can give your customers value-based or discounts based on a percentage of their purchase.
- Item Search: You can use either the barcodes of products or search them through the application for sales.
With the overabundance of features that you get with the Clover Go, its no wonder that it’s a more versatile and adaptable mPOS system. The features and benefits far outweigh the Square mobile processing system and would undoubtedly generate better revenue, especially when you have a large business.
