In my quest for photographic domination I'm now in need of a credit card terminal to use in my studio. I've contacted my own bank to see how much they charge but does anyone know of a good provider with reasonable rates?
Helping business owners with every day advice, tips and discussions with likeminded business owners. Become apart of a community surrounded by level headed business folk from around the UK
GordonThe other option is a virtual terminal from PayPal or similar - no/lower signup fee, lower monthly payments but you lose a bit on transaction fees. Becoming more popular all the time as you can use them for telephone/mail order transactions too.
It actually started as consumer tool for use on sites such as eBay, it was only after it had been running for a number of years that they created a business account. From personal experience businesses are now learning to trust PayPal for business transactions, we use it as a cheap alternative to creating direct debits, by utilising their subscription functionality.The reality is most consumers have not heard of paypal. Businesses yes but not consumers. We offer paypal and it is still under 1% of turnover and as you point out it is expensive.
I agree with the giving the customer the route they want to pay up front. One of the businesses I'm involved in (Dirt2Clean) sells to both consumers and businesses.Gordon
The reality is most consumers have not heard of paypal.Businesses yes but not consumers. We offer paypal and it is still under 1% of turnover and as you point out it is expensive. For some businesses it it an essential tool but a big hint
Give the customer any route they want to pay by as long as it is up front:drool:
Brian,Spoke to HSBC this morning.
They have a deal for people who are new to card processing that's £250 to set up then nothing else to pay for the first year. This is for a tethered terminal. Once the year is up you can either walk away or carry on and then the terminal is £15 per month and the charges are 25p for debit cards and 2% for credit cards. These charges are subject to a bit of negotiation depending on how much money is going through the terminal.
As far as crediting the money to your account, my business is seen as low risk so it's around a week.
So in repsonse to the original post about CC terminals, do you know this is what the customer wants or is it what you think they want?
It's more about convenience for both the customer and myself. Having the ability to take cards before a shoot and when the customer orders pictures saves me having to chase them up and the money is in my account before I need to deliver anything.