
Originally Posted by
CMHN
I know not everybody does business the same way, but I don't pay for most of my scrap and I actually charge for my services. I know not everybody does this and some don't like it, but I'm not here to argue that point in this thread. What I do want to do is share something that has gotten me a little more business, accepting credit cards.
I use
Square, its a reasonable merchant account like Paypal but they supply you with a card reader that plugs into your smart phone.
The fee is 2.75% per swipe which is reasonable in my opinion.
You can accept Visa, Master Card, Discover, and American Express with the same fee with no hidden costs.
If you would like to look into it further their website is
https://squareup.com/
I have been using them for a while now and have had no problems with them.
Like I said, I'm not interested in discussing ethics or your way of doing business in this thread, only offering some advice for those who may find it useful.
Please read the fine print with Square. You are only allowed a maximum of $1000.00 USD per 7 days. More than that and they reserve the right to hold the funds for 30 days.
I've used the service and it's great. Buddy of mine sells pre built servers. He sold 20 grand worth of equipment once and he was not happy when this happened.
16b. Payout Schedule - Card-Not-Present Sales.
If you accrue more than $1,000 in card-not-present sales during any trailing seven day period, Square will defer depositing the amount in excess of $1,000 for 30 days. For accounts likely to exceed $1,000 in card-not-present sales per week, contact Square support to inquire about accelerating your payout schedule. Upon receiving this request, or once you exceed $1,000 in weekly card-not-present sales, Square will conduct a review of your Square Account to determine if you qualify for acceleration. Square will consider a variety of factors in making its decision, including but not limited to a proprietary set of rules, chargeback rates, transaction behavior, and other supplemental data about your business.
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