Accepting Credit Cards

[jose206]

I haven`t seen it for Droid yet... am I missing something?

[WAS]

Just watched the SQUARE demo, very cool device. Again, 3.5% transaction fees are so absurdly highy, but it`s definitely a supremely cool device.

[Envious Eric]

yeah its 3.5, but no transaction fee and no monthly fee...thats the part I like! I get asked once or twice a year if I take credit card. But this year, i am going to try and push the maintanence program, so the credit card option is a must!



maybe that will be negotiable!!!! LOL, yeah right. but on average from the few companies I have talked to about CC, its about 2% with $25/mth fee and .30 per transaction...all that can add up to more than 3.5%

[WAS]

yeah its 3.5, but no transaction fee and no monthly fee...thats the part I like! I get asked once or twice a year if I take credit card. But this year, i am going to try and push the maintanence program, so the credit card option is a must!



maybe that will be negotiable!!!! LOL, yeah right. but on average from the few companies I have talked to about CC, its about 2% with $25/mth fee and .30 per transaction...all that can add up to more than 3.5%

Wait till you open up tthat fixed location of yours, you`ll be swipping the plastic like there`s no tomorrow :xyxthumbs



I think you guys in the USA pay more than we do up here in Canada. My merchant account is $10 a month, gets me 1.42% on Mastercard and 1.46% on Visa, $0.08 transaction fee. Based on your quote up there, then sure, 3.5% "and that`s it" is totally the way to go, plus you`re mobile with it (whether you need that or not). Just for me (having very recently done several hours of research and calling 10+ merchant account providers), both seem like high rates to me.

[Mindflux]

Just watched the SQUARE demo, very cool device. Again, 3.5% transaction fees are so absurdly highy, but it`s definitely a supremely cool device.

its` 2.75% if you have the square swiper, 3.5% if you have to manually enter the info. From what I understand anyway, normal visa terminals charge somewhere in the 3-5% range as it is.

[safetyman2010]

Wait till you open up tthat fixed location of yours, you`ll be swipping the plastic like there`s no tomorrow :xyxthumbs



I think you guys in the USA pay more than we do up here in Canada. My merchant account is $10 a month, gets me 1.42% on Mastercard and 1.46% on Visa, $0.08 transaction fee. Based on your quote up there, then sure, 3.5% "and that`s it" is totally the way to go, plus you`re mobile with it (whether you need that or not). Just for me (having very recently done several hours of research and calling 10+ merchant account providers), both seem like high rates to me.

I don`t know who your processor is but Moneris is charging me $35 a month for the terminal, 1.85% for visa/mc (2.5% is card is not swiped), up to 3% for "premium" cards and $0.09 per debit transaction. These companies are all bloodsuckers with AMEX being the worst (3% AND they held your money for up to 2 weeks last I dealt with them).

[EcoAuto]

Thread back from the dead...I started my mobile detailing company last year...90% of my clientele pays with credit cards. I was using Intuits go payment but when I started using that there wasn`t a reader available. Now there is a case by "mophie"...seems pretty cool but at a cost of like $180 or something. I signed up for Square (www.squareup.com) and it`s been beyond wonderful. I`ve gotten two readers so far both for free. The second reader was a new and improved reader. Yes their transaction rates are a tad higher but it accepts all cards and the fees are still the same. Not to mention there is no monthly fee. Plus it`s easy to keep up w/ (the reader). The app is simple and works effectively. I almost feel like it`s an apple product in itself. The fact they have only been around for a year and are beginning to crush the competition. I can`t wait to see what the future holds for Square. I`ll stick w/ them

[WAS]

I don`t know who your processor is but Moneris is charging me $35 a month for the terminal, 1.85% for visa/mc (2.5% is card is not swiped), up to 3% for "premium" cards and $0.09 per debit transaction. These companies are all bloodsuckers with AMEX being the worst (3% AND they held your money for up to 2 weeks last I dealt with them).

Moneris is horrible, IMO. I do agree with you that all these merchant account providers are bloodsuckers, and so are the credit card companies. You`d think they`re ENCOURAGE merchants to accept their cards, so they can charge card holders more interest dollars. Agreed on Amex, they`re very expensive.

[jose206]

Squareup is awesome, got my free card reader a couple days ago for my evo and used it that same day. My customer was blown away, he couldnt believe I was able to process the payment so easily from my phone. If your using android phone, you need this app. Rates are very fare in my opinion for all you get.

[EcoAuto]

Squareup is awesome, got my free card reader a couple days ago for my evo and used it that same day. My customer was blown away, he couldnt believe I was able to process the payment so easily from my phone. If your using android phone, you need this app. Rates are very fare in my opinion for all you get.

Yep..love square..it`s too simplistic to not go w/ them. Wish I had the iPad to use it..Then you can just create packages etc..Most popular packages would be at top.. Soon..soon!

[Envious Eric]

got the square and the app....yet to try it out but i will be charging a bit more to accept CC if needed



cash is still king imo

[WAS]

got the square and the app....yet to try it out but i will be charging a bit more to accept CC if needed



cash is still king imo

Careful, you can get into trouble for doing that.



I`d love to use Square, I even have an iPad, but unfortunately they aren`t setup for the Canadian market yet.

[Alexshimshimhae]

really odd that this came out cause I was reading about it yesterday and was thinking "you know...I wonder if any autopians know about it"

lol the problem with the square app is that it`s limited to 1000 usd of sales or something like that monthly? or something? (at least that`s what I think I`ve read)

So I`m sure there are going to be something more geared towards larger volumes, but for now I think taking cash/cash equivs would still be best...

[WAS]

but for now I think taking cash/cash equivs would still be best...

If that`s possible for your business. In the past 2 months, I haven`t had a single customer pay by cash, all credit card and interac transactions.

[Alexshimshimhae]

oof...those portable cc machines are expensive =[