Square, known as Squareup, is a large American company that specialises in digital payments and financial services. Squareup is a Public Company. It is, in other terms, a public corporation. Since 2009, Squareup has been in operation. This year, a group of persons who were instrumental in its development formed it.
Stripe is a SaaS firm with offices in both Ireland and the United States (software as a service). It does, however, cover financial services. Stripe is a private company. It is a private firm that is owned, managed, and administered by a single person or a group of people.
Key Takeaways
- SquareUp targets brick-and-mortar businesses, while Stripe focuses on online payment processing.
- SquareUp offers a comprehensive point-of-sale (POS) system, whereas Stripe excels in e-commerce integration.
- Stripe supports more international currencies and payment methods than SquareUp.
Squareup vs Stripe
Square offers a range of payment solutions, including Square Reader, point-of-sale software, invoicing, and e-commerce solutions. Stripe is a popular choice for e-commerce businesses due to its customizable checkout process, subscription billing, and fraud prevention tools. It charges a percentage-based fee per transaction.
Since 2009, Squareup has existed. It was formed this year by a group of people who were instrumental in its growth. Aaron Olszewski, Jim McKelvey, and Jack Dorsey were the founders of Squareup. They are the founders, in other terms. Squareup is a sort of business that works with both mobile payments and financial services, as well as point-of-sale transactions. Squareup’s headquarters is in San Francisco, from where all of the company’s main operations are carried out.
Stripe is a company that was founded on February 14th, 2009. This company was founded in St. Louis, Missouri, by a few people who work tirelessly every day to ensure that it succeeds. Two key persons that paved the way for Stripe’s establishment are John Collison and Patrick. They are, nonetheless, the true creators. Stripe is a business that combines payment processing and financial services. The company maintains two headquarters, one in Dublin and one in San Francisco.
Comparison Table
| Parameters of Comparison | Squareup | Stripe |
|---|---|---|
| Type of company | Public | Private |
| Founded in | 2009 | February 14, 2009 |
| Founder | Aaron Olszewski, Jim McKelvey and Jack Dorsey | John Collison and Patrick |
| Website | squareup.com | stripe.com |
| Headquarter located | San Francisco | San Francisco (US) and Dublin (Ireland) |
What is Squareup?
Square, formerly Squareup, is a large American company specialising in digital payments and financial services. Squareup operates as a public company. In other terms, it is a publicly-traded corporation. Since 2009, Squareup has been around. It was formed this year by a group of people who were instrumental in its development.
Aaron Olszewski, Jim McKelvey, and Jack Dorsey are the ones who laid the groundwork for Squareup’s massive corporation. To put it another way, they are the founders. Squareup is a sort of business that works with both mobile payments and financial services, as well as point-of-sale systems.
Anyone can log in to “squareup.com” to access or take advantage of Squareup’s different services. San Francisco is the location from where all of Squareup’s main functions are carried out. As a result, the headquarters are in California, United States. Squareup is a company that provides services for the Cash app.
What is Stripe?
Stripe is a software-as-a-service corporation with offices in both Ireland and the United States (SaaS). It does, however, deal with financial services. Stripe is a private type of business. It is a private firm owned, managed, and operated by an individual or a group of individuals. Stripe is a company that has been in operation since February 14, 2009.
This company was founded in St. Louis, Missouri, by a couple of individuals who work tirelessly every day to ensure its success. John Collison and Patrick are two key figures that helped to pave the way for Stripe’s development. They are, nevertheless, the true founders. Stripe is a business that works with payment processors as well as financial services.
Anyone can log onto Stripe’s official internet address, “stripe.com,” to access or use the company’s many services. Stripe’s vital acts and functions are carried out from both Ireland and the United States. As a result, it has two offices, one in Dublin and the other in San Francisco. Stripe offers payment services and billing, terminal, issuing, atlas, radar, connect, and sigma.
Main Differences Between Squareup and Stripe
- Square or Squareup is a vast firm based in America that deals with digital payments and financial services. On the other hand, Stripe is a company or organisation based in Ireland and the United States and a SaaS company (software as a service). However, it also deals with financial services.
- Squareup possesses the type of business that is Public. In other words, it is a public company. On the other hand, Stripe possesses a type of business that is private. It means that it is a private company which is owned, managed and run by individuals or a group of individuals.
- Squareup has been in existence since 2009. This year, it was founded by a group of individuals who played a major role in its success. On the other hand, the organisation of Stripe has been in existence since the 14th of February, 2009. This establishment took place in St. Louis, Missouri, by a couple of individuals working hard every day to get this company to succeed.
- Aaron Olszewski, Jim McKelvey and Jack Dorsey are those individuals who led the foundation stone for the establishment of the vast firm of Squareup. In other words, they are the founders. On the other hand, John Collison and Patrick are the two main individuals who led the stepping stone towards the establishment of Stripe. However, they are the real founders.
- Squareup is an industry that deals not only with Mobile Payment or Financial services but also points of sale. On the other hand, Stripe is a type of industry that deals with both Payment processors and Financial Services.
- To use or avail of various services offered by Squareup, any individual can log in to “squareup.com”. On the other hand, to avail or use the various services offered by Stripe, any individual can log into the company’s official website address, “stripe.com”.
- The location from where all the important functions related to the company of Squareup are carried out is in San Francisco. Thus, the headquarters are situated in California, US. On the other hand, all the important and necessary actions and functions related to Stripe are carried out both from Ireland and the US. Thus, it has two headquarters, one in Dublin and another in San Francisco.
- Squareup is a firm that offers services related to the Cash app. On the other hand, Stripe provides services related to payments and billing, terminal, issuing, atlas, radar, connect and sigma.
- https://www.ingentaconnect.com/content/hsp/jpss/2019/00000013/00000003/art00006
- https://aip.scitation.org/doi/abs/10.1063/1.112418
Last Updated : 13 July, 2023
I’ve put so much effort writing this blog post to provide value to you. It’ll be very helpful for me, if you consider sharing it on social media or with your friends/family. SHARING IS ♥️
Chara Yadav holds MBA in Finance. Her goal is to simplify finance-related topics. She has worked in finance for about 25 years. She has held multiple finance and banking classes for business schools and communities. Read more at her bio page.
It’s fascinating to see how Squareup and Stripe have evolved since their inception, and the geographical presence of Stripe with offices in both Ireland and the US is noteworthy.
The founding history of both Squareup and Stripe sheds light on the vision and efforts of their founders, which have contributed to their success in the industry.
Square and Stripe are clearly leaders in the digital payments and financial services market with their respective features and strengths.
The article provides a comprehensive understanding of Squareup and Stripe, making it easier for readers to differentiate the two companies based on their services and business models.
The comparison table provides a clear overview of the differences between Squareup and Stripe, highlighting each company’s unique characteristics and offerings.
The main differences highlighted between Squareup and Stripe illustrate the strategic positioning of these companies in the market, catering to different business needs and industry segments.
The in-depth analysis of Squareup and Stripe allows readers to understand the key aspects of each company, such as their founders, business types, and main services.
It’s interesting to see how Squareup targets brick-and-mortar businesses while Stripe excels in e-commerce integration, catering to different types of businesses.