Don't know if this is already one here somewhere but I thought I'd ask what service is best to go with when accepting credit cards?
At any given point, customers typically owe me between 10-25k. It's really annoying when I have a big worker's comp bill to pay and my customers have not paid me yet. I'd love to be able to just call them all and get their card numbers over the phone and be done with it.
THAT SAID I do occasionally use square up, which charges 3.5%.
I don't mind using it for smaller jobs or customers that I know I am going to have a hard time getting to pay me- but I certainly don't want to use it constantly. As you guys know the overhead is so high that I might take home 20% of my gross if I am lucky- so If I am getting charged 3.5% that's a pretty significant chunk of my net, let alone the fact that I am taxed on all of that too.
I don't want an actual reader that requires the physical presence of the card. That defeats the purpose since I could just a get a check from the customer if I am with them. The beauty of it for me is just being able to get a credit card number over the phone and not have to wait for 2 months for the customer to send a check. Way less hassle and annoyance. What do you guys use?
At any given point, customers typically owe me between 10-25k. It's really annoying when I have a big worker's comp bill to pay and my customers have not paid me yet. I'd love to be able to just call them all and get their card numbers over the phone and be done with it.
THAT SAID I do occasionally use square up, which charges 3.5%.
I don't mind using it for smaller jobs or customers that I know I am going to have a hard time getting to pay me- but I certainly don't want to use it constantly. As you guys know the overhead is so high that I might take home 20% of my gross if I am lucky- so If I am getting charged 3.5% that's a pretty significant chunk of my net, let alone the fact that I am taxed on all of that too.
I don't want an actual reader that requires the physical presence of the card. That defeats the purpose since I could just a get a check from the customer if I am with them. The beauty of it for me is just being able to get a credit card number over the phone and not have to wait for 2 months for the customer to send a check. Way less hassle and annoyance. What do you guys use?