Cash is King!

[dave58]

After what seems like 988 months of paying the credit card unit lease....it craps out 2 months after my lease is up......and oh yeah....big coin to purchase a new one.

Thats it...i am done with the scam....they make a lot of money off transactions.....freekin units should be free for what they rake in.

DONE!....cash or local check only.....there is an ATM 30 feet away if they dont have the cash.

yeah I know....but i get a fair amount of retail purchase for schools and tourism....so we did the cc thing.

but not any more!.

OK....rant complete and new policy in place.

[3Deep]

Dave we had lease a credit card machine once and told them to come and pick it up a year later and just bought our own machine which they said can be undated as data changes, cheaper by far than the lease.

Darryl

[dave58]

agreed....but have had enough of them.

When shopping around......."I will need to see 3 months history of your processing so I can best determine your needs." = you mean how much you can gouge me.

pffft....nope...cya....cash baby.

[Gilligan]

I can recommend a company.  They bent over backwards to get my measily business... in fact they went TOO far.  They are holding up their end but I did have to fight a bit because they promised things they weren't supposed to.  (No PCI Compliance fee for example).

Other than getting them to honor their way to eager's sales staff's promises it's been great.  UBER low fees and ZERO yearly/monthly fees for equipment or anything.  No contract, nothing... AND free equipment.  Plus after trying to reel us in for a few weeks they through in a $50 gift card if we signed up by the end of the month (we were already ready to pull the trigger when they through us that bone).

Let me know if anyone wants that info and I'll hook you up... full disclosure, I do get a referral reward but we seriously searched and searched for the right deal... my wife REALLY did her home work.

[JBLUE]

Iphone swipers for the sales staff. We got them through our bank. I have one as do my reps. The square is a ripoff but we got a great deal from our bank with their program.

[Gilligan]

Yeah the company I use has a few options for mobile.  Including one that hooks up via bluetooth and prints out a receipt for them to sign just like if you were in your shop.

[jason-23]

I use square up for the iPhone, yeah it's a little expensive per transaction but I don't use it that much.

[Sbrem]

Yeah, that happened to us too a long time ago. Live and learn the hard way.

Steve

[Homer]

I have maybe 100.00 cash in the drawer. we never touch money anymore. it's all just moving numbers around. pay bills online, process CC payments. hardly anyone has cash.  hell, I haven't have cash my wallet since all those singles from that one crazy night .  yada yada yada, I woke up wearing a knit cap, a trash bag and for some reason I had "somewhere over the rainbow" stuck in my head. . . .crazy kids

[3Deep]

Folding money may not be the choice any more, but you still got to have it in some cases

Darryl

[RICK STEFANICK]

what i like about square is anything i run up until 8pm eastern is in my account by 6am . no 24-48 hour delays. i just build the processing fees into my overhead. its all relative.SQUARE costs me ZERO

[JayzTeez]

I just signed up for intuit's mobile phone swip.  haven't used it yet.  i don't get alot of people asking if i take credit cards but just recently i had 4 in the past week.

[ZooCity]

i just build the processing fees into my overhead.

Yep.  It's part of doing business these days.  Figure out the worst you'll have to pay as a % of sales, put it in your projections, find a merchant account processor who's respectable and reasonable and go print some shirts. 

I like the cc payments for no other reason than it gets clients paying on time.  I offer to run the card over the phone when they approve an order for example and there you go. 

Do I agree that, as an industry, cc processors are virulent leeches on the caliber of insurance providers and should be practically eliminated from our economy?  Yes, I do.  They do deserve a fee for their services, they have much work to do on the security and logistical end of this while we happily swipe away, but that fee is too high most times  when you consider the scale here.  Think about it...1.5-3% of all card transactions on the planet go into that industry. 

[Sbrem]

Cash is freedom.

Steve

[Gilligan]

Cash is freedom.

Steve

Too much Dave Ramsey for you.