Who is Verifone’s Biggest Competitor?

By Olivia Johnson - Trusted UK Business Expert

Last Updated 10th of May 2025

4 minute read

If you’re looking to understand the world of payment systems, you’ve come to the right place. We know the major players and can help explain how they compare. Let’s look at Verifone’s biggest competitor and see who’s leading in the race for payment solutions.

Square, Inc. (now part of Block, Inc.) is Verifone’s biggest competitor, offering easy-to-use payment systems, mobile point-of-sale tools, and financial services to small and large businesses. Square stands out for its modern design, quick setup, and growing market share.

That’s just the short answer. To really understand why Square is Verifone’s biggest competitor, we need to look at how both companies work, their strengths, and what sets them apart. Let’s explore it in full.

Curious who rivals Verifone in the payments space? Click below to discover Verifone’s biggest competitor and how they compare.

Who is Verifone’s Biggest Competitor?

Verifone is one of the oldest names in the world of payment systems. It has been helping businesses take card payments since the 1980s. But in today’s market, many new companies offer fast, smart, and mobile ways to pay.

Among all these companies, one name comes up the most as Verifone’s biggest competitor—Square, Inc.

Square, founded in 2009 by Jack Dorsey and Jim McKelvey, changed how small businesses handle payments. They made a small white card reader that could plug into a phone and turn it into a payment machine. That idea took off fast.

Let’s look deeper into why Square is the strongest rival and how the two compare.

Square vs Verifone: The Key Differences

While both companies offer point-of-sale (POS) solutions, their approach is very different.

Verifone has decades of experience and works with very large companies. Its systems are strong, safe, and well-known. But they can be harder to set up and cost more to run.

Square is simple and fast. It helps small businesses sell easily, even on the move. It also offers extra tools like invoicing and staff management.

That’s why, in today’s market, Verifone’s biggest competitor is Square.

Why Square is Growing Fast

Here are some reasons Square is growing fast and catching up with Verifone:

• Mobile-first: Square was made for phones and tablets. It works anywhere.
• All-in-one system: Square does payments, sales reports, payroll, and more.
• Simple for small businesses: From a coffee truck to a market stall, it’s easy.
• Clear pricing: One flat fee, no surprise costs.

Square is also part of Block, Inc., a big company that also owns Cash App and Afterpay. This makes Square even stronger.

Verifone is still a top name. But Square is changing the game and taking more of the market.

Who Else Competes with Verifone?

Even though Square is Verifone’s biggest competitor, others are also in the race. Here are a few more companies:

• Ingenico – Also a big name like Verifone, especially in Europe.
• PayPal Zettle – A mobile solution, great for small businesses.
• SumUp – Easy payment machines used across the UK.
• Clover – POS systems with strong features, mostly in the US.

But when it comes to Verifone’s biggest competitor, Square remains on top due to its reach, tools, and ease of use.

What Types of Businesses Use Verifone and Square?

Verifone is best for:

• Supermarkets
• Petrol stations
• Airports
• Banks

Square is better for:

• Food trucks
• Salons
• Coffee shops
• Local market stalls

Verifone is used where there are big, complex needs. Square fits small, fast-moving businesses that want something simple.

What’s Next for Verifone?

Verifone is not giving up. They are also moving into cloud systems and mobile tools. Their newer products, like Carbon and Engage, show this shift.

But the competition is strong. Square keeps adding new services and keeps its focus on easy, helpful tools.

To stay ahead, Verifone must stay fast, modern, and user-friendly. Otherwise, Square will keep growing as Verifone’s biggest competitor.

What Do Experts Say?

Here’s what the industry says:

“Square revolutionised the payments industry by giving power to small businesses,” says Sarah Hall, a payments industry analyst.
“Verifone remains a giant, but it must adapt to the cloud-first world or risk losing more ground.”

Summary: Verifone’s Biggest Competitor

Square wins the title of Verifone’s biggest competitor for many reasons:

• Easier for small businesses
• Strong mobile features
• Clear and simple pricing
• Full system, not just payments
• Backed by Block, Inc.

Verifone still leads in many areas, but Square is growing fast. The market is changing, and Square is leading that change.

Want to see how Square compares to Verifone for your business? Click the link below to explore real-time reviews, prices, and features.
Let us help you find the right payment solution today.

FAQ

Is Square better than Verifone?

For small businesses, yes. Square is easier to set up and has more tools in one system.

Is Verifone still used today?

Yes, many big stores and petrol stations still use Verifone machines.

Who owns Square?

Square is part of Block, Inc., a big tech company that also owns Cash App.

Does Verifone have mobile options?

Yes, newer Verifone products like Carbon offer mobile and cloud features.

Is Square safe to use?

Yes, Square uses top-level security for all payments.