US Payment Gateway Comparison (2022) – Clover vs Square, HitPay, and more

Learn how to choose the best payment processor in the US for your business needs.

US Payment Gateway Comparison (2022) – Clover vs Square, HitPay, and more

Whether you're selling online or in-person, you'll need a reliable way to collect payments. But how do you choose the best online payment gateway for your business?

In this US payment gateway comparison, we summarise the pros and cons of popular payment gateway providers — Stripe, PayPal, Square, Shopify, and Clover. Plus, a comparison between Clover vs HitPay and other payment platforms in the US. Read on!

Best payment gateways in the US

1) Clover

Clover offers an all-in-one platform for businesses to scale, but be prepared to navigate confusing pricing and additional costs per feature.

Pros
✅ All-in-one solution including POS system for payment acceptance and business management tools
✅ Easy setup

Cons
❌ Pricing is complicated. Your monthly fees and ongoing merchant account fees will vary depending on which vendor you purchase Clover from. If you buy a pricing plan directly from Clover, monthly fees range from US$14.95 to US$94.85 per month


2) Square

Square is a decent choice for new businesses with its user-friendly interface, but it may not be the best option for businesses that intend to scale fast.

Pros
✅ Free plan available, with a basic online store builder
✅ Syncs with Square POS

Cons
❌ Doesn't integrate with certain e-commerce platforms, including Shopify
❌ Some features like custom domains and PayPal acceptance restricted to higher-tier subscriptions


3) Stripe Payments

Stripe Payments supports all major credit cards and more than 130 currencies — a good choice if you serve international customers and have technical expertise in your team.

Pros
✅ Instant onboarding
✅ No setup or recurring fees

Cons
❌ Requires an experienced developer to set up most features and payment options
❌ Need to pay for essential business tools like discount customization and invoicing


4) PayPal

With a strong reputation for security, PayPal is suitable if you're willing to pay a premium for a reliable and established payment gateway.

Pros
✅ Easy to use and set up
✅ Offers PayPal seller protection

Cons
❌ Higher transaction fees than other payment processors
❌ Doesn't offer any e-commerce business tools
❌ Slowest onboarding and settlement time


5) Shopify Payments

Shopify's in-built payment gateway is the easiest option for Shopify merchants to start selling.

Pros
✅ Instant onboarding, seamless integration with Shopify and Shopify POS
✅ E-commerce selling tools

Cons
❌ Costly subscription plans from US$29 to US$299 a month
❌ Not suitable for other sales channels


6) HitPay US

HitPay is a one-stop payment platform built for small businesses and SMEs. Founded in Singapore, HitPay has just launched in the US.

Pros
✅ No-code integrations on any e-commerce platform (e.g. Shopify, WooCommerce) and popular sales channels (e.g. WhatsApp, email, Instagram).

✅ No subscription fees or minimum transaction amounts. Only pay when you make a transaction.

✅ Integrated POS system to automatically sync online and offline sales

✅ Accounting integrations with Xero and Quickbooks

Free business software including recurring billing management, invoice generator, and an online website builder

Cons
❌ Certain payment methods only live in Q3 2022

US payment gateway comparison

Payment Gateway features

*Major e-commerce platforms include Shopify, WooCommerce, EasyStore, Prestashop, Magento, OpenCart, Shopcada, Ecwid, Wix, and Google Forms.

**Business software includes recurring billing, a free website builder, inventory and order management, a free invoice generator, an integrated POS system, and payment links

Fees and Payout Schedule

Payment Methods in the US

Best online payment processor in the US

HitPay US may be the best choice for you if you are looking for a one-stop online payment platform. See HitPay pricing here.

Set up an account for free and start selling in-person and online! Click here to start your free HitPay US account.


About HitPay
HitPay is a one-stop commerce platform that aims to empower SMEs with no code, full-stack payment gateway solutions. Thousands of merchants have grown with HitPay's products, helping them receive in-person and online contactless payments with ease. Join our growing merchant community today!