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1
Posted on 2/24/15 at 10:24 am to jbgleason
Paying 3.5% on occasion might be cheaper than signing a contract and paying the monthly gateway fees and such that typically come with a merchant account depending on your average transaction size.
Posted on 2/24/15 at 10:25 am to jbgleason
quote:
jbgleason
Capital One Spark Pay.
Its what I use at farmer's markets and trade shows. Not sure what your typical transaction is but mine is on the small end. let me know if you are interested and Ill send you more information.
eta: I pay between 1.95% and 2.5% depending on the transaction (credit, debit, amex, etc.)
This post was edited on 2/24/15 at 10:29 am
Posted on 2/24/15 at 10:29 am to jbgleason
We have very few customers that pay by credit card. I do my billing through Freshbooks and they handle the credit card transaction for me. They charge 2.9% plus $.30 per transaction for Visa and Mastercard and 3.5% plus $.30 per transaction for American Express. At this point I know which customers prefer to pay by credit card so I adjust my pricing accordingly. I consider the fees high but I'm currently doing less than 10 transactions a year via credit card.
We do projects that we bid on and complete so I can treat everyone uniquely. Someone who is selling widgets to everyone may not be able to do this without eating the fees.
We do projects that we bid on and complete so I can treat everyone uniquely. Someone who is selling widgets to everyone may not be able to do this without eating the fees.
Posted on 2/24/15 at 10:41 am to GeeOH
I appreciate the straight answers (very non-OT like)...
The situation I have is that I generally perform consulting services with a regular client base paid monthly through wire transfers. In this instance, I did a two-day job for a company as a favor to a regular client. I won't be working with them again. They can only pay through a credit card over the phone.
It looks like I am going to sign up with Square because it is a one-time deal and Square doesn't obligate me to monthly fees, minimums or other contractual nonsense. I will just eat the fee on this one occasion.
That being said, I talked to Chase and I have options through them at a lower rate if I ever decide to start doing smaller jobs that would bring about regular CC transactions.
Am I missing anything here?
The situation I have is that I generally perform consulting services with a regular client base paid monthly through wire transfers. In this instance, I did a two-day job for a company as a favor to a regular client. I won't be working with them again. They can only pay through a credit card over the phone.
It looks like I am going to sign up with Square because it is a one-time deal and Square doesn't obligate me to monthly fees, minimums or other contractual nonsense. I will just eat the fee on this one occasion.
That being said, I talked to Chase and I have options through them at a lower rate if I ever decide to start doing smaller jobs that would bring about regular CC transactions.
Am I missing anything here?
Posted on 2/24/15 at 11:13 am to jbgleason
quote:
I appreciate the straight answers (very non-OT like)...
Pics baw
Posted on 2/24/15 at 5:17 pm to jbgleason
You seem to have a decent grasp. If you are doing once in a while deals, square will work (there are others, check pricing)
Doing it thru a regular merchant account will save you at least 1%, probably more depending on the card being used.
So if those savings aren't enough to deter you, then stay with a square like product. I think there are lower flat rates than 3.5% out there.
Doing it thru a regular merchant account will save you at least 1%, probably more depending on the card being used.
So if those savings aren't enough to deter you, then stay with a square like product. I think there are lower flat rates than 3.5% out there.
Posted on 2/24/15 at 5:43 pm to GeeOH
I use a company called TSYS. Look them up. They have the best rates and custome service.
Posted on 2/24/15 at 5:51 pm to jbgleason
Square
PayPal Now
Google wallet (free)
I use square and google wallet
PayPal Now
Google wallet (free)
I use square and google wallet
Posted on 2/24/15 at 5:57 pm to jbgleason
I am also a small business owner who does not allow credit card payment. I just save up my cash and cheques until the end of the month and have them delivered to the banker via pony express. I have the deposit receipt sent back via telegraph.
Posted on 2/24/15 at 5:57 pm to rocket31
Dey watching, I just saw my first TV commercial for square.
Posted on 2/24/15 at 9:06 pm to Buck Dancer
Square only charging me 2.75
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