How hard is it to get a credit card machine for your small business?
What are the steps involved? Thank You
It's rather easy but be careful of the pricing. Check out 3-4 companies before you sign up. See what they charge per transaction, swiped card compared to card you take over phone etc.
Your bank can set that up. Be careful and shop around for a low rate. not all rates are the same. I pay 2.3% on MC & Visa and 4% on amex. I also take Discover but I forget what that % is(no one uses it) DON'T eat this cost and then again don't tell customers you are charging them X amount more for a Credit card purchase. Increase pricing by 1.5% or by the % of customers using the card. That way they all pay for the card charges and the increase will not be sen by anyone. and it will offset your expenses.
Don't sign up for the first company that comes to you, check more than 3 to see which one best suites you. We have this thing called ProPay and it's the cheapest thing we found because we don't get billed monthly or per transaction. You pay a yearly fee depending on how much you believe you'll be using. Good luck!
Where are you located? If you are in US, you can use this service: . Very affordable!
It is usually not hard at all. You will have to complete a financial application for the underwriter. Be sure to read the fine print and avoid getting locked into a long term contract. We used IC Verify for may years and just switched to Peachtree which is integrated into their business software. It is great, easy to use and much cheaper and NO contract. Of course you would need to be using Peachtree for this but QuickBooks may also offer a credit card portal.
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