Cash is King!

[Doug S]

We just use square.  I figure in the 2.75 % transaction fee.  I had a real credit card machine with a real processing company.  The problem with them was the regular service fee whether you used it or not.  Oh boy, then came the "cancel the service time".  It took 3 days to cancel the service from the company.  We were transferred to at least 5 different people only to be told the the one responsible for helping us cancel our service, didn't take incoming calls "how convenient" and would have to call us back "which by the way Never happened.  So after 3 days of calling we finally got our service cancelled.

[JBLUE]

The square is a ripoff. I have our swipers with B Of A. Way better rates than the square and most other companies that we have looked at. It really pays to shop around for good rates.

[mavgraph]

If I could get rid of the PCI compliance fee that would be great. It makes me sick how much I pay to the bank to process credit card transactions. Any help is appreciated.

[mk162]

this year has been a huge year for cash.  I love it.  we do mostly checks, but a lot of people like to pay with CC's.

[brandhouseink]

We use Paypal for the majority of our transactions.. Just send customer a payment link and have them sign in as guest and "Walaaa"! For the more old school customers who are afraid of internet transactions we use our traditional merchant processor who charges us right under 2%... For the old school complicated accounting departments who don't have a P. Card we allow checks.. Very seldom do we see cash.. Also, with the paypal account, we have a paypal debit mastercard that gives us access to our funds without the 2-3 day delay when transfering to the bank. This process has really helped our receivables because with the paypal transactions, we get our funds instantly...

[Gilligan]

If I could get rid of the PCI compliance fee that would be great. It makes me sick how much I pay to the bank to process credit card transactions. Any help is appreciated.

Well, the sales girl that called us was trying too hard to get our business and promised us everything we asked including no PCI-compliance fees.

Then I noticed a $99 charge on our bank statement for PCI-Compliance and picked up the phone call.  They tried to say that they couldn't remove it but I forwarded some emails that showed that that was exactly what I was promised and they refunded it and said we wouldn't see those charges any more.

[inkman996]

We dumped our previous merchant service and swiper they were ripping us off.

First problem they would tack on charges for minor things like a zip code missing
They would charge more for manually entering card numbers versus a swipe.
Then to break the camels back, they charged $800 for the swiper broken down in to ten months of $80 payments. Well several months passed the ten month mark and they kept charging finally the boss caught on and called them up, they tried to actually say the $80 was for ever as a rental fee not a purchase WTF he fought with them to get reimbursement and finally told the to piss off.

We now use a new service through our main bank with next to nothing for fees and never a hassle on any thing.

Point is bankers promise the world but the banks them selves never honor what the sales guy promised, they get the hook in you then they got you.

[Gilligan]

They would charge more for manually entering card numbers versus a swipe.

That's typical and I'm sure all of them charge that.  Higher risk without having the card in hand.