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re: What to do when you get nsf checks?
Posted on 7/16/15 at 11:31 am to Napoleon
Posted on 7/16/15 at 11:31 am to Napoleon
quote:
I actually have two square readers and the new chip reader coming next month. An Amozon reader (never used once) a Payanywhere and a Paypal Here scanner.
Good for you...too many small businessmen are slow to adopt tech that will make their lives easier. The % per transaction does eat into your profit, but the easy answer to that is to raise prices by a slight percentage to cover it, then offer a cash discount price if you want people to feel like they're getting a good deal.
My better half is a criminal defense atty....no, he doesn't take personal checks (LOL), except in very very rare circumstances. Square makes it MUCH easier to collect, and a slight cash discount (quoted over the phone) can sometimes entice potential clients to show up with cash in hand. Of course, he also accepts barter at times....shrimp, etc.
Posted on 7/16/15 at 11:36 am to hungryone
quote:
The % per transaction does eat into your profit, but the easy answer to that is to raise prices by a slight percentage to cover it, then offer a cash discount price if you want people to feel like they're getting a good deal.
You can claim the credit card processing fees on taxes so there really is no reason at all for companies not to adopt this. I hate when companies in this day and age are cash only. I rarely have a dollar on me.
I take barter too. One guy always gets me with soft shell shrimp, I love soft shell shrimp and it's hard to come by.
This post was edited on 7/16/15 at 11:39 am
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