Author Topic: Accepting credit cards  (Read 3860 times)

Offline CountValentine

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Re: Accepting credit cards
« Reply #30 on: November 26, 2013, 09:28:19 AM »
one thing I think is worth mentioning, Debit cards have very low interchange, so if business has a significant amount of debit cards you can make a lot of money on  a flat rate.
What is it for debit cards?
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Offline mgarfin

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Re: Accepting credit cards
« Reply #31 on: November 26, 2013, 02:01:13 PM »
What is it for debit cards?

between .50-1.20% plus 10-25 cent pt

Offline YitzyS

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Re: Accepting credit cards
« Reply #32 on: March 07, 2021, 06:19:35 PM »
I'm not sure if there is another thread for this that is more updated, but if there is, please direct me there (TIA TimT).

I would like to be able to accept credit cards occasionally. It is a sole props, and I would estimate that it would only apply to a few transactions each year. It would never be for physical cards, just key-in numbers. Which website is recommended? I don't want to pay any membership fees, as it may only be a few transactions each year.

Any recommendations?
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Offline AsherO

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Re: Accepting credit cards
« Reply #33 on: March 07, 2021, 09:06:00 PM »
I'm not sure if there is another thread for this that is more updated, but if there is, please direct me there (TIA TimT).

I would like to be able to accept credit cards occasionally. It is a sole props, and I would estimate that it would only apply to a few transactions each year. It would never be for physical cards, just key-in numbers. Which website is recommended? I don't want to pay any membership fees, as it may only be a few transactions each year.

Any recommendations?

Square is quick and easy to set up, but the fees aren't the best (3.5% + $0.15/transaction, cheaper if the card is present but that is more complicated), might meet your sweet spot if your transaction amounts aren't too high to justify paying a monthly fee in exchange for what is hopefully better rates.

https://squareup.com/us/en/payments/virtual-terminal

The advantage of going with a fixed-rate processor like Square, Paypal, or some other option, is that your costs are predictable and consistent. If you got yourself a regular merchant account you'd pay different rates based on whether you provide billing address information, whether the address info matches, what card is being swiped, etc.

Offline Yo ssi

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Re: Accepting credit cards
« Reply #34 on: March 07, 2021, 09:16:40 PM »
Keep in mind it's
Quote
2.6% + 10˘ for every swiped transaction

Offline Mf1

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Re: Accepting credit cards
« Reply #35 on: March 07, 2021, 09:27:56 PM »
I'm not sure if there is another thread for this that is more updated, but if there is, please direct me there (TIA TimT).

I would like to be able to accept credit cards occasionally. It is a sole props, and I would estimate that it would only apply to a few transactions each year. It would never be for physical cards, just key-in numbers. Which website is recommended? I don't want to pay any membership fees, as it may only be a few transactions each year.

Any recommendations?

since it's only a few transactions, I believe with a referral promotion you can waive fees from square on a certain amount

Offline YitzyS

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Re: Accepting credit cards
« Reply #36 on: March 07, 2021, 09:45:12 PM »
Square is quick and easy to set up, but the fees aren't the best (3.5% + $0.15/transaction, cheaper if the card is present but that is more complicated), might meet your sweet spot if your transaction amounts aren't too high to justify paying a monthly fee in exchange for what is hopefully better rates.

https://squareup.com/us/en/payments/virtual-terminal

The advantage of going with a fixed-rate processor like Square, Paypal, or some other option, is that your costs are predictable and consistent. If you got yourself a regular merchant account you'd pay different rates based on whether you provide billing address information, whether the address info matches, what card is being swiped, etc.
Thanks! I think this fits my needs. I'm willing to pay the 3.5 percent for the few times a year I need to use this.
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Offline TimT

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Re: Accepting credit cards
« Reply #37 on: March 07, 2021, 10:15:47 PM »
(TIA TimT)
Doesn’t work without the @

Offline YitzyS

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Re: Accepting credit cards
« Reply #38 on: March 07, 2021, 10:25:03 PM »
Doesn’t work without the @
I did not want to inconvenience you with a ping...
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Offline grodnoking

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Re: Accepting credit cards
« Reply #39 on: March 07, 2021, 10:27:20 PM »
Doesn’t work without the @
You do not need an @

Clearly
I'm not who you think I am.

Offline lubaby

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Re: Accepting credit cards
« Reply #40 on: March 07, 2021, 11:11:30 PM »
You do not need an @

Clearly
As long as you’re willing to wait 4 hours..

Offline aygart

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Re: Accepting credit cards
« Reply #41 on: March 07, 2021, 11:31:48 PM »
I'm not sure if there is another thread for this that is more updated, but if there is, please direct me there (TIA TimT).

I would like to be able to accept credit cards occasionally. It is a sole props, and I would estimate that it would only apply to a few transactions each year. It would never be for physical cards, just key-in numbers. Which website is recommended? I don't want to pay any membership fees, as it may only be a few transactions each year.

Any recommendations?
Card Knox may work. Pm me tomorrow.
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Offline YitzyS

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Re: Accepting credit cards
« Reply #42 on: March 07, 2021, 11:34:08 PM »
Card Knox may work. Pm me tomorrow.
I set up Square and processed my first transaction. Next transaction may be in six months from now, so I'm going to stick to that for now. Thanks, though.
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Offline simple26

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Re: Accepting credit cards
« Reply #43 on: March 08, 2021, 01:08:22 PM »
Card Knox may work. Pm me tomorrow.
They can make is worth using even with so little transactions?
Don’t they have  monthly/yearly fees ?