![]() ![]() You may be responsible if a customer uses a fake or stolen payment information to make a purchase.Īllow you to receive large payments without paying fees.Ĭould be a good option if you sell products or services to other businesses. You may have to pay transaction fees, which is usually a small percentage of the transaction. If you sell items at markets, conferences or trade shows, you can bring your mobile payment system with you. Mobile payments may be more reliable than card-based transactions in some areas. If a customer disputes a charge (i.e., initiates a “chargeback”), the transaction may be reversed and you won’t receive a payment.Ĭan be quicker and more convenient than accepting cash or checks. You may be responsible if a customer uses a fake or stolen card to make a purchase. You will need to purchase or rent a device to accept payment (called a point-of-sale device). You may have to pay transaction fees, a small percentage of the transaction. This usually takes between one and three days. You’ll have to wait for the transaction to process before getting money in your account. You don’t have to worry about bad checks or fake cash.Īllows foreign travelers to more easily make purchases. There’s a risk that someone will try to pay with a fake check, or that a check will “bounce” if the customer doesn't have enough money and you won’t receive the payment.Ĭan be quicker and more convenient for customers at checkout than cash or checks. You won’t have to pay any fees to accept checks.Īfter depositing a check, you’ll need to wait for the bank to process the check and put the money in your account. You won’t have to keep as much cash in your store. May lead customers to make more frequent or larger purchases.Īllows customers to safely make large purchases. Storing cash at your place of business or home, or transporting it to the bank, can be dangerous.Įnsuring your register is stocked with bills to make change can tie up money you could use for other business purposes.Ĭounting money at the end of each day is time-consuming. You won’t have to pay any fees to accept cash.Ĭustomers might not want to make large purchases with cash. Many customers will expect you to accept cash. One of the most common and easiest forms of payment. Here are some of the pros and cons of the main payment types: No matter which payment type(s) you offer, there will be advantages and disadvantages to each. Customers may also expect you to accept cash if you open a shop in an area where many people don’t have bank accounts or where card processing networks, the companies that send and verify information when someone makes a purchase with a card, frequently go offline. On the other hand, if you sell inexpensive items from a physical store, your customers may prefer to pay with cash. Similarly, if your products or services are expensive, customers might not feel comfortable carrying that much cash to your store to make a purchase - checks, cards or mobile payment could be better options. If you expect to make a large portion of your sales online, accepting electronic payments will be a must. I have recently been trying to get more financially organized with freelance work and have been using paypal for my transactions.Where you open your business and the types of items you sell could play an important role in deciding which payments systems to offer customers. For another easy way to accept remote credit card payments, you can use Square Online Checkout to generate a simple online checkout link or button. I wanted to move out of paypal and into a CC payment option either directly through my website or a manual transaction using appropriate CC info supplied and signed by client. Just create a link with your item name and a price, and share the link on your existing website, social media channels or in an email. Learn how to get started with Square Online Checkout. I am not heavily involved in programming or web setups, just more of an html/css/jQuery background so I'm not too sure how difficult a CC integration would be into a personal site. Security/Privacy would obviously be of utmost importance for this and I am not even sure I would be capable of a task like this on my own. Credit card fees continue to be waived for online payments of permit fees and. My other option would be a third party? CC setup with a credit card terminal. Drop box (check or money order payments) - Located on the Bond Street side. Seeing as there is so much out there from terminals to services I wouldn't even know where to start.Īny suggestions, comments, experiences, opinions, etc. Thanks!Īny suggestions, comments, experiences, opinions, etc. Would be extremely helpful, if anything just to read up on and learn a little more on what is involved or needed for both options. #Payment options cc check square how to. ![]()
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