How much of a percentage does HoneyBook take?
Competitive processing fees (3% is the industry standard for credit card payments). No hidden fees or add-on costs, just a flat 3% on Card or 1.5% on ACH (bank transfer).
At the moment, payments received through HoneyBook incur processing fees of 3% or 1.5% for credit card and ACH bank transfer payments respectively. The processing fees are comparable to those you would see in Paypal, Square, and others, and are not in addition to what you would pay when using other systems.
What are your fees? The Square standard processing fee is 2.6% + 10¢ for contactless payments, swiped or inserted chip cards, and swiped magstripe cards. Payments that are manually keyed-in, processed using Card on File, or manually entered using Virtual Terminal have a 3.5% + 15¢ fee.
Stripe is a pay-as-you-go payment processing platform with flat-rate, transaction-based fees. Overall, you'll pay 2.9% plus 30 cents per transaction to accept card payments online and 2.7% plus 5 cents to accept in-person payments with Stripe. It does not charge monthly or annual fees.
Credit, Debit, and ACH/bank transfer
Plus, accept cash/checks at no charge.
Transaction/Processing Fees
Processing fees support the HoneyBook platform, and let us drive your credit card fees down through economy of scale. The fees are deducted from your total before it's deposited into your account.
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What Percentage Does PayPal Take?
| PayPal Transaction | PayPal Percentage |
|---|---|
| Sales within the US | 2.9% plus $0.30 USD per transaction |
In general, Square is a better option to accept in-person payments while PayPal is a better option for e-commerce and online payments. Both Square and PayPal were rated one of our top ten POS systems in 2022, but Square received a significantly higher score.
Square for Retail Software
Square for Retail offers a Free plan with zero monthly charges. The Plus plan is $60 per month per location and the Premium plan starts at $299. The processing rates vary for each.
We've chosen Square as the best credit card processor for small businesses because it has a low-risk entry point for accepting debit and credit cards. You only pay for the processing you use; there are no long-term commitments and no monthly or annual fees.
Who is cheaper Stripe or square?
Stripe does offer a slightly cheaper POS terminal than Square, at $249. Square: If you only use Square to accept online payments, the company's pricing is straightforward. It costs 2.9% plus 30 cents per transaction, which is the same fee that Stripe charges.
Is Stripe cheaper than PayPal? Stripe's credit card processing rates are cheaper than PayPal in most cases. Stripe charges 2.9% plus $0.30; PayPal charges between 2.59% and 3.49% plus $0.49 per transaction. PayPal's higher per-transaction fee ($0.49) will particularly affect merchants with small average transactions.
Shopify offers three pricing plans: Shopify Basic costs $29 per month, with 2.9% + 30¢ per online transaction. The main Shopify plan costs $79 per month, with 2.6% + 30¢ per transaction. Advanced Shopify costs $299 per month, with 2.4% + 30¢ per transaction.
How much does HoneyBook cost? Unlimited Plan: $39 per month, or billed annually at $390 (a $78/year savings!).
In general, credit card payments usually take 2-3 business days to reach your account, and bank transfers usually take 7-8 business days (since the funds need to clear your client's bank account first).
Since HoneyBook's booking and proposal platform is designed to accept payments, right now, they're an integral part of the platform and cannot be turned off. If you need to let your clients know that you'd prefer another payment method, we'd recommend calling that out in the email you send along with the file!
Streamline your entire clientflow
HoneyBook helps bookkeepers and accountants manage client communication, scheduling, online contracts, and billing from one central hub.
All of the information we collect is for identification purposes, helping to keep you and your business safe from fraud and money laundering. If you've already saved a bank account in HoneyBook and that account remains valid, no action is needed on your end at this time.
This mix of contact management, project management, communication and payment features provides business owners with the toolset they need to effectively manage their customer relationships. So it's no surprise that many consider HoneyBook to be the best CRM for small business owners.
PayPal's payment processing rates range from 1.9% to 3.5% of each transaction, plus a fixed fee ranging from 5 cents to 49 cents. The exact amount you pay depends on which PayPal product you use. A $100 transaction will cost between $2 and $3.99.
What are the PayPal fees on $3000?
To clarify, let us say that you exceed $3000 in sales but do not exceed $10,000 before the monthly period ends. In this event, the transactions you receive will charge 2.5% instead — though still with a 30-cent addition to each transaction.
Any income you receive through PayPal, whether or not it's reported on form 1099, must be included on your tax return. If you file as a sole practitioner, income will need to be reported on Schedule C. If your business is run as a corporation, you'll need to report the income on IRS form 1120 or 1120S.
Online transactions are 2.9% plus 30 cents each. PayPal's hardware prices are pretty comparable to Square's, though Square is a bit more expensive. However, PayPal charges a number of fees that Square doesn't – like a $20 chargeback fee and a $30 monthly fee for a virtual terminal.
Square alternatives include PayPal Zettle, SumUp, Shopify and others. Many or all of the products featured here are from our partners who compensate us.
Clover: Best Square alternative for a low-cost, industry-specific POS for retail, restaurant, and service businesses. PayPal Zettle: Best Square alternative for mobile payments and POS. Helcim: Best alternative for low-cost payment processing and free POS. Stripe: Best Square competitor for online payment processing.
Basically, the Square POS app is completely free. However, you only have to pay a percentage of each transaction processed through the app. You also have to pay for the hardware that ranges between $199 and $999.
2.9% + 30 cents.
We have data on 14,348 companies that use Square. The companies using Square are most often found in United States and in the Restaurants industry. Square is most often used by companies with 10-50 employees and 1M-10M dollars in revenue.
All Square merchants have a per transaction limit of $50,000. If you'd like to accept individual transactions above $50,000 each, you'll need to split the payment into multiple installments. Make sure to record the receipt number and the total amount charged for each installment.
For transactions processed through Square Reader or Square Stand, your business will pay a 2.6% plus $0.10 processing fee. Transactions processed through the Square Register will be deducted a 2.6% of the transaction value, plus $0.10 per transaction.
Is Shopify payments better than Stripe?
In short, Stripe works best for business owners looking for a more customizable and flexible payments solution and have not necessarily built a store on Shopify. But if you currently or plan to use Shopify as your eCommerce platform, then Shopify payment will be a much better choice.
Stripe: At a Glance. The main difference between Square and Stripe is that Square is best suited for in-person transactions while Stripe is a developer-friendly platform best suited for e-commerce, subscriptions and other online payments.
Irish entrepreneur brothers John and Patrick Collison founded Stripe in Palo Alto, CA, in 2009.
Stripe payment processing review
Stripe can be a good fit for online businesses, such as e-commerce stores, as it tailors to online payment processing. Businesses that rely heavily on in-person payments, including certain brick-and-mortar stores or restaurants, might not be the best fit.
Stripe has manufactured its popularity
Stripe turned that early success into an obsession with the customer experience and continued not just to expand the features and the supporting assets (API and documentation) offered to their customers, but to engage and build the product along with them.
The first payout for every new Stripe account is typically paid out 7 days after the first successful payment is received. This waiting period can be up to 14 days for businesses in certain industries. This delay allows Stripe to mitigate some of the risks inherent in providing credit services.
Etsy's listing prices are inexpensive, but its additional fees outweigh Shopify's — and depending on the volume of your products and sales, you may actually end up spending more for your Etsy page than you would on monthly subscription fees for a Shopify store.
Wix uses the industry-standard processing fee of 2.9% of the sale amount plus $0.30.
Honeybook is a well-designed, well-executed tool that works well for those who take each client through a proposal > invoice > custom project process. However, it can feel a little clunky for coaches and consultants who aren't doing time-tracking and often deliver the same package to multiple clients.
In order to tell the full story around your business's financial health — and provide you with actionable business insights related to income and expenses — we now offer the ability to integrate your business-related bank and credit card accounts with HoneyBook.
How many people use HoneyBook?
HoneyBook has 55K customers.
HoneyBook + Square Integrations
Zapier lets you send info between HoneyBook and Square automatically—no code required. Triggers when a new inquiry is created. automatically do this! Adds a customer to a group.
Honeybook isn't just for wedding photographers or portrait photographers. It's not even just for photographers in general. Anyone with a service based business can benefit from Honeybook's customer management platform.
How much does HoneyBook cost? Unlimited Plan: $39 per month, or billed annually at $390 (a $78/year savings!).
Automated workflows in Dubsado are much more robust than Honeybook. The Free Trial of Dubsado is 3 clients with no time limit (Honeybook free trial is 7 days). The free time limit really helps to get you familiar with the system and allows time to get things set up.
HoneyBook lets users manage projects, book clients, sign contracts online, send invoices and accept payments. On HoneyBook users are able to view and track various stages of a project, as well as keep invoices, contracts and other documents in one place.
In order to tell the full story around your business's financial health — and provide you with actionable business insights related to income and expenses — we now offer the ability to integrate your business-related bank and credit card accounts with HoneyBook.
