Wednesday, February 29, 2012

Are You Paying Too Much to Accept Debit/Credit Cards?

The usual method for a business to accept credit cards is terribly expensive for small businesses.  It can really cut into your profit margin!

Accept Credit Cards with Your Mobile Phone! I've been using Square for quite awhile now. It's very efficient for me. In addition to accepting cash or check, I can also accept credit and debit cards. All you need is an account (free) and a smartphone with a headphone jack.


Get an account, install the app on your phone, plug in the device and you're all ready to swipe a card. See if this is right for your business. It could save you some money.

  • One simple rate, all major cards -- 2.75% per swipe flat fee
  • Direct deposit to your bank account -- next day payout after the successful processing of first few transactions
  • For iPhone, iPad, Android -- free reader and free app
  • Take your first card in minutes -- fast setup

P.S. If you are a QuickBooks user, Intuit has a similar service called GoPayment. Check it out if you're already using QuickBooks. Easy to implement and it integrates seamlessly with your existing accounting functions.

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