← Back to Midtrans
Compare
Midtrans vs Square
Midtrans and Square are both card processing platforms. On a $1,000 payment you keep about $971–$993 on Midtrans and $973.85 on Square, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $971–$993 on Midtrans and $973.85 on Square, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer.
- Square is the older platform — founded in 2009, 3 years before Midtrans (2012).
- Midtrans is based in Indonesia, Square in United States.
Which should you choose?
Choose Midtrans if…
- Keeping more of each payment matters most — its fee is lower.
Side by side
|
Midtrans
An Indonesian payment gateway (GoTo) for accepting cards, bank transfers, and e-wallets.
Visit
|
Square
Take card payments in person or online - free card reader, invoices, and an online store, popular with local s…
Visit
|
|
|---|---|---|
| Type | Card processing like Stripe | Card processing like Stripe |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | No |
| Fees | Cards 2.9% + Rp2000, QRIS 0.7% | 2.6% plus 15 cents per in-person charge (US Free plan) |
| Payout speed | — | Free next-business-day transfers |
| Withdraw via | Bank payout after settlement | Bank transfer |
| Availability | Indonesia | US, Canada, UK, Australia, Japan, and more |
| Local to | Indonesia | — |
| Founded | 2012 | 2009 |
| Headquarters | Jakarta, Indonesia | Oakland, United States |
| Popularity | 46 views · 0 likes | 40 views · 0 likes |
Frequently asked questions
Which is cheaper, Midtrans or Square?
On a $1,000 payment you keep about $971–$993 on Midtrans and $973.85 on Square, before withdrawal or currency-conversion costs.
Where are Midtrans and Square available?
Midtrans: Indonesia. Square: US, Canada, UK, Australia, Japan, and more.