Choosing the Right Payment Processor
If you’re running a business, you know how much payment processing fees and support can impact your bottom line. Stripe, PayPal, and Square are some of the biggest names in the industry – but are they really the best fit for service-based businesses like marinas, RV parks, and studios?
LockTrust vs Stripe vs PayPal vs Square
Which Payment Processor Is Best for Your Business?
That’s where LockTrust comes in. We combine transparent pricing, ACH payments, and industry-specific tools with world-class merchant support.
This guide breaks down Stripe vs PayPal vs Square vs LockTrust so you can compare side by side and see which processor is right for you.
 | Stripe | Paypal | Square | |
| Processing Fees | 2.9% + $0.20 | 2.9% + $0.30 | 3.49% + $0.49 | 2.6% + $0.10 (in-person) 3.3% + $0.30 (online) |
| ACH / eCheck Payments | 0.8% | 0.8% | Not standard | Not supported |
| Chargeback Fee | $15 | $15 | $20 | $0
|
| Monthly Fees | $0 | $0 | $0 | $0 |
Contracts | No contracts | No contracts | No contracts | No contracts |
Payout Speed | Next-day funding | 2 business days | Instant | Next-day |
| Industry-Specific Tools | Yes Marinas, RV parks, Studios | No | No | No |
Customer Support | 24/7 direct support | Email, chat | Limited phone & chat | Limited phone & chat |
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The Key Differences
Stripe vs. PayPal vs. Square vs. LockTrust
Pricing and Fees
- Stripe & PayPal: Both charge 2.9% + $0.30, with extra fees for disputes.
- Square: Slightly lower for in-person (2.6% + $0.10) but higher online.
- LockTrust: 2.9% + $0.20 and 0.8% ACH, saving you money on large transactions.
Industry Fit
Stripe: Best for developers who want to build custom solutions.
PayPal: Best for simple peer-to-peer payments, but not advanced business needs.
Square: Best for retail and restaurants with POS hardware.
LockTrust: Best for service-based businesses (marinas, RV parks, studios) that need both software + payments.
ACH Payments
- LockTrust: Full ACH support at low rates.
- Stripe: ACH offered, but capped and with extra steps.
- PayPal & Square: Weak or no ACH options.
Why Businesses Choose LockTrust Over Stripe, PayPal, and Square
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See How We Stack Up
Stripe, PayPal, and Square are strong general-purpose tools, but they’re not built with your industry in mind. LockTrust delivers what they don’t: transparent pricing, built-in business management features, and support tailored to studios, marinas, salons, and more.
Whether you’re comparing Stripe vs PayPal, Square vs Stripe, or exploring new providers, LockTrust offers transparent pricing and specialized support for industries like marinas, RV parks, and studios. Save on fees, simplify your operations, and keep more revenue where it belongs—with you.
When it comes to Stripe vs PayPal vs Square vs LockTrust, the choice is clear
If you’re a developer → Stripe
If you’re an online seller → PayPal
If you’re a retail shop → Square
But if you’re a service-based business → LockTrust is built for you.
Frequently Asked Questions
LockTrust vs Competitors
Yes. LockTrust’s 2.9% + $0.20 rate plus low ACH fees are often more affordable—especially for service-based businesses.
Yes. LockTrust offers hosted checkout pages, APIs, and integrations for seamless payments.
Yes. High-volume or specialized merchants (like marinas, RV parks, and studios) may qualify for custom pricing.
Yes. With LockTrust, you get credit cards, ACH, invoicing, recurring billing, and business management software in one platform.
No. We don’t lock you into long-term contracts or hidden monthly fees.
Yes. Subscriptions and recurring invoices are built into every account at no extra cost.