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SquareUp Review

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Marcus Carlson
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Quick Overview of SquareUp

PRICING
2.5% transaction fee
FREE TRIAL
No
BEST FOR
SMBs & Freelancers
MOBILE INVOICING
Yes

Table of contents

    What is SquareUp

    SquareUp’s invoicing platform, Square Invoices, is an innovative invoicing software solution designed to make it cost-effective for businesses by only paying a tiny percentage of payments received from invoices sent using Square Invoices. There are no monthly subscription fees involved with the Square Invoice payment platform, just the fixed rate of however much your customers pay you.

    The lack of annual or monthly subscription costs will no doubt be attractive to more agile freelancers and small and midsize businesses (SMBs) that don’t wish to be tied into long-term contracts.

    The Square Invoices billing generation platform is one of the latest additions to the online finance services provided by Square Inc. This California-based Square company has marketed a host of software and hardware payments products and Square Invoices is their latest foray into the world of online invoicing for SMBs.

    The Square Invoice app is geared towards redefining and simplifying the invoicing process for ambitious, growing companies that want to spend more time innovating and doing their best work and less time creating, sending and monitoring invoices. As Square Invoices is built by Square Inc, users of other software such as Square Point of Sale can also integrated Square Invoices into their operations, absolutely free.

    It doesn’t cost you a cent to set up your Square Invoices account, and the platform accepts all major payment cards. All that’s required from you is to pay a tiny percentage for processing every payment received from your valued customers.

    Pros of SquareUp

    Are you intrigued to find out more about the primary features of the Square Invoice software? These seven benefits can take the hassle and stress out of invoice management for SMBs:

    Dynamic solution for SMBs

    In terms of dynamism, Square Invoice offers functionality and accessibility in spades. All you need is a reliable internet connection to be able to create and distribute invoices on any device, including Android and iOS smartphones and tablets, as well as desktops and laptops. Considering the platform is free-to-use, Square Invoice has a plethora of options for users to tweak and tailor invoice templates and designs so that they fit your brand, including color schemes and the chance to upload your branding.

    Responsive mobile platform

    You’ll be pleased to hear that Square Inc have also gone the extra mile to make it easy to run your business from your countertop or on the commuter train, with the Square Invoice app. This free-to-use application is available for both Android and iOS devices and is designed to help growing businesses process invoices faster and get paid quicker from anywhere in the world. It’s easy to create new customers within the app and give them the option to pay via Google Pay, Apple Pay or any leading credit or debit card.

    Time-saving auto-invoicing and recurring payments

    If you are a business that sends the same monthly invoice to clients every 30 days, you can use Square Invoices to automate recurring invoices to your customers. Repeat-paying customers will also be prompted to save their payment details on file, ready for automatic billing in future months if they are happy to do so, helping you to get paid faster.

    Simplicity

    It takes no more than four working days to create and activate your Square Invoice account. Square need to verify your bank account, which explains the four working day period. However, once your chosen bank account is approved and connected to the Square Invoice app, all invoice payments received from clients will settle there immediately; it really is that straightforward.

    Great reporting

    As a Square Invoices user, you’ll also have access to your own online Square dashboard. From here, you’ll be able to filter, view and report on invoices. The reporting functionality is somewhat more rudimentary than some other online invoicing platforms, but SquareUp aims to simplify online accounting rather than complicate matters. You can segment invoices based on whether they’ve been sent, are outstanding, have been paid, are scheduled for distribution or are sitting in draft mode. It’s also possible to monitor sales and get granular data on all your business locations, employees and items to help drive your company forward.

    Time tracking

    Square Invoices offer clear, transparent, real-time tracking so that you can check the status of your invoices and payments wherever you are in the world, providing you have an internet connection. You can track whether recently sent invoices have been viewed or paid by clients to help you monitor which customers may require an invoice reminder.

    Invoice-to-pay function

    Square Invoices incorporates estimates/quotations, invoices and payments all in one intuitive application. Within seconds, you can create and send an invoice to a customer and enable them to pay their bill online without having to leave the Square Invoices platform. This convenient, secure way to bill and pay helps build customer trust in your brand.

    SquareUp features

    • Design and send custom invoices
    • Send free detailed quotes/estimates
    • Accept all major card payments online
    • Allow customers to store payment details securely
    • Attach files and receipts
    • Schedule recurring invoices
    • Create automated payment reminders
    • Monitor invoice status
    • Monitor payment status
    • Free mobile app for Android and iOS
    • Payments accepted in person
    • Request deposit payments
    • Intuitive reporting and analytics
    • Next-working day account deposits
    • Transparent pricing structure
    • Secure, encrypted payments
    • Only pay for processing card payments
    • Integrates with popular online payment platforms
    • Highly regarded customer support
    • Customer libraries

    SquareUp pricing

    If the Square Invoice features look like they could suit your business, let’s delve a little deeper into the Square Invoice fee you would need to pay to have your own company account:

    SquareUp pricing plans

    Interestingly, SquareUp’s Square Invoice platform operates a very unique pricing structure. All users can create a Square Invoices account and use it for free. The only time you need to pay for anything is a 2.5% transaction fee for all invoice payments processed online through the system. Payments accepted in person in cash, or via cheque or BACS are still free, as they don’t require processing by Square. Any invoices paid by clients via the Square Reader software will incur lower 1.75% transaction fees.

    Technical details

    Subscription Model

    • Free-to-use
    • On-demand payments based on transaction fees

    Supported Languages

    • English
    • Spanish

    Supported Devices

    WINDOWSMACANDROIDIOS (IPHONE/IPAD)WEB BROWSER-BASED

    Product Deployment

    • Cloud hosted

    Target Customers

    • Freelancers
    • SMBs

    Customer service

    Square’s Support Center is one of the best in the business. It allows you to search frequently asked questions (FAQs), keywords and topics for instant solutions. Customers that are signed into their Square Invoices account will also have expedited support options available to them for troubleshooting and those thinking of upgrading their Square plan and incorporating the Square Point of Sale software as part of their day-to-day infrastructure.

    It’s worth noting that Square also offers telephone support between 5:00 am and 9:00 pm Monday to Friday; however, there's no weekend support available which could prove problematic for those that are open to customers during weekends.

    Bottom line

    Put simply, Square Invoices is a fantastic enterprise solution for businesses and freelancers that don’t have huge volumes of invoices to send and process. Although Square Invoices does not charge a monthly subscription, 2.5% transaction fees on all payments processed directly within the Square platform can become more expensive than comparable monthly subscription fees for other service providers.

    Nevertheless, individual merchants and professionals seeking a convenient way to invoice and build trust with valued clients should look to Square Invoices as an intuitive, agile billing software for small business owner-managers. Hopefully this guide gives you all you need to know without researching other Square reviews or SquareUp reviews, but if you require any further information on the platform please don’t hesitate to shout!