Paying by credit card

[nicro3]

100 pounds a quarter robbery

 

[nicro3]

A fool and his money are easily parted

 

[Guest123]

100 pounds a quarter robbery

I don't pay that.

The charge is offset against all your customers payments for that quarter. If all you do is 50 quid repairs, then card payments are not for you. However if your order value is high and in the thousands it's perfect. As soon as the card is inserted in the machine a credit check is made on it and you know then and there if the customer has enough cash in their account to pay you. You can't do that with a cheque.

 

[Barry98]

A cheque can also be cancelled , once card pavement has been accepted its 99.5 % guaranteed

 

[Guest123]

A fool and his money are easily parted

Next time you pay for your shopping in the supermarket, I hope you remember that. A fool doesn't get real and move with the times, or offer his customers alternative means of payment.
I can also take payments over the telephone with mine and have no worries over cash flow now. Can you say that?

 

[nicro3]

Why pay a third party, can you not get what you are owed. ie cheque, cash and transfer.

 

[nicro3]

Never had a problem from fifty, to a few thosand

 

[Guest123]

Why pay a third party, can you not get what you are owed. ie cheque, cash and transfer.

I've explained all that above. Cheques are archaic, can be dishonoured and at point of sale in someone's home, cannot be credit checked. I don't expect my customers to have thousands of pounds in their home when they can pay me by card, and as for bank transfer I have to wait (and sometimes remind them) to pay it. Ok I'm paying for a service, but I get paid immediately without sending out reminders and cost of doing so. Cash flow is no longer a problem.

 

[Guest123]

Never had a problem from fifty, to a few thosand

You will and many forum members already have. My average order value is 4 grand plus, so I don't expect or want any payment problems.

 

[MarkAqua]

You wouldn't go to a supermarket and ask to bank transfer them

 

[galaxy_plumbing]

how much is the monthly fee for machine rental or whatever they charge you for?

 

[MarkAqua]

It's true though - you HAVE to move along with times. Card payments aren't even the future, they're the past. But The amount of tradesmen that don't hold this facility are losing out. And if you cant make enough profit to cover the £150 a year cost then your doing something terribly wrong

 

[nicro3]

I would love to see a major builder punch their number into a machine.

 

[Guest123]

I would love to see a major builder punch their number into a machine.

No difference there either, they have to pay suppliers on many ocasions with several company credit cards as they also do with hotel bills and entertaining prospective clients with business lunches.

When I did my council contract, all of their materials were purchased by credit cards.

As I said above I can also take payments over the phone, as do millions of businesses worldwide do as well.

Many retailers have a 2.5% surcharge on card payments (I don't) to cover the charges.

Do you really expect people to have to go to the bank in this day and age and have the hassle of withdrawing thousands just to pay you.

 

[MarkAqua]

Totally agree with system. Doesn't matter how big the company. It's all the same and they still use card machines and pay by card