![]() In addition, PayPal offers significant discounts for nonprofits, making it a better choice for many 501(c)3s. Note that this is a comparison of US prices if you do business elsewhere, PayPal has different flat-added amounts for different countries. However, PayPal charges a monthly fee for the virtual terminal and unlike Square, does not waive its chargeback costs. PayPal also does not charge any monthly fees, but while its rates are generally better than Square’s, they can be quite confusing, especially for new merchants.
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