Square Invoices Alternative

Free invoicing software from Square payments ecosystem. Send unlimited invoices, accept card payments with 2.5% fee. Integrated with Square POS and card readers.

Free GeneratorSan Francisco, USAFounded 2009

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Company Overview

About Square Invoices

Free invoicing software from Square payments ecosystem. Send unlimited invoices, accept card payments with 2.5% fee. Integrated with Square POS and card readers.

Valuation:$40B+ market cap
Team Size:8,000+
Funding:Public (NYSE: SQ)

Target Market

Small businesses and freelancers already using Square for payments

Business Size:

small

Industries:

RetailFood & BeverageServices

Geography:

USCanadaUKAustralia

Features Overview

AI-Powered

UK Compliance

VAT Support

CIS Support

Automation

Mobile App

API Access

Custom Templates

Multi-Currency

Batch Processing

Accounting Integrations

Square POSQuickBooks

Pricing Structure

Free

Free
  • Unlimited invoices

  • Online payments (2.5% fee)

  • Payment reminders

  • Invoice tracking

  • Mobile app

POPULAR

Plus

GBP20/month
  • Everything in Free

  • Recurring invoices

  • Custom branding

  • Payment plans

  • Advanced reports

Additional Usage Fees

2.5% per online card payment, 1.75% for in-person payments with Square Reader

Pros & Cons

Strengths

5
  • Completely free for sending invoices

  • Accept card payments directly (2.5% fee)

  • Strong brand recognition (Square)

  • Integrates with Square POS ecosystem

  • Mobile app for on-the-go invoicing

Weaknesses

5
  • Payment processing fees add up (2.5% per transaction)

  • US-focused (limited UK features)

  • No CIS or advanced UK tax support

  • No AI or invoice parsing

  • Lock-in to Square payment ecosystem

Customer Reviews

4.3

Overall Rating

4.2

Trustpilot

4.4

G2

4.6

Capterra

Common User Feedback

"Great for Square POS users"

"Payment processing fees add up"

"Simple and easy to use"

"Limited UK tax features"

Why Choose Elektroluma Over Square Invoices?

Elektroluma Advantages

AI-Powered Automation

Automated invoice parsing and data extraction with 99% accuracy. No manual data entry required.

90% Faster Processing

Process invoices in under 5 seconds vs 5-10 minutes manual entry. Save hours every week.

UK-First Compliance

Built-in VAT, CIS, and HMRC compliance. Designed specifically for UK small businesses.

UK Data Residency

All data stored in UK data centers. GDPR compliant with UK-based support team.

Key Differentiators

Process incoming invoices (Square only does outgoing)

AI parsing vs manual entry

UK compliance (CIS, Gas Safe) vs US focus

QuickBooks/Xero integration vs Square lock-in

£29/mo unlimited vs Square's 2.5% payment fees

No payment processing fees for invoice data extraction

Easy Migration Path

Keep Square for payment processing, add Elektroluma for supplier invoice automation. Process payments through Square, manage AP through Elektroluma.

Research & Comparison Resources

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