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Message
re: Small Business owners / taking credit cards
Posted on 2/24/15 at 10:41 am to GeeOH
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?
2
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.
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