Squarepay
squarepay.com.au
What it is
Squarepay is a web service for collecting recurring payments within a domestic scheme. It provides mandate management and API access, with a free plan and named transaction-based tiers. The No Commitment plan lists $1.32 per debit, $5.50 per dishonour, 2-day settlement, and a $2.20 one-off charge per customer. Plus lists $1.10 per debit, $4.40 per dishonour, 2-day settlement, and a $1.10 one-off customer charge. Premium lists $0.88 per debit, $3.30 per dishonour, 2-day settlement, and a $0.00 one-off customer charge. Enterprise pricing is for businesses processing more than $100K per month. Access is through the web, and the listed supported-country count is 1. Squarepay’s pricing model is freemium, with recurring payment frequency and domestic scheme coverage.
Plans and prices
Strong points and limits
Strong points
- Free plan is available
- Mandate management is included
- API access is available
- 2-day settlement on named tiers
- Enterprise tier covers higher processing volumes
Limits
- Domestic scheme coverage only
- Listed supported-country count is 1
- Per-debit and dishonour fees apply
Who it suits
Squarepay suits businesses collecting recurring domestic payments through a web service. It is relevant to teams needing mandate management or API access.
Verdict
Squarepay combines a free plan with recurring domestic payment collection, mandate management, and API access. The three named tiers publish transaction and customer charges, while Enterprise pricing is reserved for businesses processing more than $100K per month.
Where Specifiction places it
- Direct Debit Processing Software#22 of 225.6