Quick Answer: Do I Need A Business Account For Square?

It is perfectly acceptable to use Square for personal business, such as a yard sale.

You do not need to have a registered business to take advantage of Square and the ability to accept credit cards.

For every payment processed through Square, you must provide a legitimate good or service.

Do I need an ABN to use Square?

Personal Identification Number Requirement

Even if you plan on using Square as a business, there is no way to create a Square account without providing a valid personal identification number. For tax purposes, we ask that you include your ABN during signup, if applicable.

Is Square good for small businesses?

Square’s flat-rate processing works well for small businesses with low average transactions. However, if you’re processing over $20,000 per month, Square’s 2.75% to 3.5% fees can quickly add up.

What do I need to open a Square account?

Suggested clip · 38 seconds

How to Get Started with Square – YouTube

YouTube

Start of suggested clip

End of suggested clip

Is Square really free?

The company offers a credit card reader that attaches to your smart phone or tablet as well as wireless equipment for other types of payments. No long-term contracts: Signing up is free and doesn’t require a commitment. Free Square reader: Sign up and receive a free Square magstripe reader.