Square works for US small businesses, but UK SMEs deserve better. Teya offers lower fees, daily payouts, and UK support that actually understands your business.
| Feature | Teya | Square |
|---|---|---|
| Card Rate | 0.50% – 1.59% Bespoke, scales with volume | 1.75% flat No volume discount |
| Settlement | 365-day next-day Incl. weekends & bank holidays | Next business day Mon–Fri only (US-first priority) |
| UK Optimisation | Built for UK SMEs FCA-regulated, Faster Payments | US-first product UK feels like an afterthought |
| Contract | Flexible / rolling | No contract But ecosystem is sticky |
| Support | 24/7 UK human Real people, understands UK issues | Phone / email Often slow, US-based reps |
| Cashback | 0.5% unlimited Paid monthly into business account | None |
| Ecosystem Lock-In | Open integration Works with any POS/accounting | Proprietary ecosystem Everything via Square (fees add up) |
The Problem with Square in the UK: Square is optimised for US businesses. UK payouts are slower, support doesn't understand local issues, and every tool in their ecosystem charges extra.
Square charges 1.75% flat, forever. Teya's bespoke pricing often starts at 0.8% – 1.0%, saving you 0.5% – 1.0% immediately.
Square settles Mon–Fri. Teya settles every day, including weekends and bank holidays. Better cash flow from the start.
Square charges extra for invoicing, payments, payroll, and more. Teya's payments work with any POS, any accounting software, no extras.
Square's support is US-based and slow. Teya's team is UK-based and available 24/7. They understand VAT, FCA rules, and your local market.
Teya's starting rate (vs 1.75% for Square)
Bespoke pricing that improves as you grow.
Days of next-day settlement (vs 252 for Square)
Money in your bank every single day.
Unlimited cashback (vs 0% for Square)
Extra earnings paid monthly, no limit.
Annual cost for a cafe processing £250k with online invoicing:
Square payments (1.75%)
£250k x 1.75%
£4,375
Square invoicing (1.5%)
Average ~£75k online invoices
£1,125
Square Payroll, Analytics, etc.
Estimated misc. add-ons
£300
Square Total Yearly Cost
£5,800
Teya Yearly Cost
£2,375
1.0% rate + £1,250 cashback
Yearly Savings
£3,425
See your exact savings when you move from Square. Most UK businesses save £2,000 to £5,000 per year.
Calculate Your Savings*0.50% rate is available for businesses with a monthly card turnover (TPV) of 200,000 and above. Actual rates vary depending on business type, card mix, average transaction value, and contract terms.