Accepting Credit Cards

[c m chase]

I keep getting offers for cc machines, etc....I think in a house painting business, this might do QUITE well for me. Anyone accept Visa/Mastercard for their biz?

 

Do tell the specifics and who you use!

[BizCredit]

You might wanna try paypals at first...

 

most issuers do a CR pull, btw.

[horsedr]

I use PAyPAl for my biz, the down side with PAyPAl is both users have to be "members" which requires you to give them banking information and sometimes credit card info. I don't think it is such a great idea for non-internet based biz to use PAyPAl a merchant account is better. You don't want your customers to have to sign up for PAyPal just to use a credit card. There are tons of merchant accounts available. Fees are based on a discount rate and require a very thorough application process, credit check and sometimes an account opened and required to carry a balance to guard against chargebacks (when customers call the CC company and say they didn't approve the charge) Just do a check for merchant accounts and you will find tons of possibilities. Costco offers merchant account services with good prices/fees.

 

I also ran across a service which offers credit card approvals via phone.

http://www.merchantanywhere.com/pocketveri.../pvhome_NEW.htm

 

They seem to be easier to qualify for and you can use them in the field.

 

I believe there are similar services if yo do a google search.

 

HD

[c m chase]

Thanks, guys!! Will check into it!

[Happy]

Echo Credit Card Processing

You can accept CCs without a terminal and just phone in the CC number. They also offer regular Merchant Services with terminals.

http://www.creditcard-processing.biz/

 

Propay You can phone in your CC numbers.

$35.00 annual fee

http://www.propay.com/index.html

 

 

Quickbooks- It integrates into your Quickbooks accounting program. You can also email invoices and the card-swiped discount rate is 1.69.

http://quickbooks.intuit.com/commerce/cata...000000005952601

 

Costco- Provider NOVA Information Systems Inc.

Application and Monthly Fees are waived for Executive Members

1.66% plus 21¢ per swiped VISA and MasterCard transaction for retail merchants

2.10% for mail order or phone order merchants plus 28¢ per VISA and MasterCard transaction

Source http://www.costco.com

 

 

Discover Business Services Credit Card Merchant Accounts

http://www.discoverbiz.com/

 

Also check any trade organizations you might belong to. They sometimes offer merchant accounts for their members.

[OhBoyOhBoy]

Do all of these places pull a personal CR, to accept CC's?

[Happy]

Most of the merchant accounts like Quickbooks, Costco, Card Services International and Discover Business ask for the following information

 

Name, Address, DBA, SS# for owners and principals, Business Revenue, Years in Business, Tax ID, Type of business, and Web address .

 

I have seen merchant accounts that say No Credit Check but I don't remember any of the companies. I was told that when you apply for a merchant account your personal credit will be pulled. It has to do with the Patriot Act and to making sure that you are really running a legal business.

[OhBoyOhBoy]

Most of the merchant accounts like Quickbooks, Costco, Card Services International and Discover Business ask for the following information

 

Name, Address, DBA, SS# for owners and principals, Business Revenue, Years in Business, Tax ID, Type of business, and Web address .

 

I have seen merchant accounts that say No Credit Check but I don't remember any of the companies. I was told that when you apply for a merchant account your personal credit will be pulled. It has to do with the Patriot Act and to making sure that you are really running a legal business.

 

Do you think they may turn me down with poor credit? :?

[BizCredit]

well, some do some dont. they usually pull EXP, from what I understand.

 

paypal doesn't pull anything.

[javaowl]

This might help: http://goemerchant.com/index.cgi?location=...=22321085463653

[ceowens]

Chase,

I'm getting the same solicitations....everyday! My current workload is paid by FNMA, so CC is not needed. But, I used to run a "pet shop" type thingy and I accepted CCs. We traveled alot to exotic animal shows, and we used the old fashioned manual "card swipers" where you make the imprint onto the carbon copy, then used the cell phone to call an 800 number for authorization. Seems like I remember that Visa and MC were basic, but you paid extra for AmX. Want to say the rate was like $10 a month plus 1.5% of transactions, and the $10 was waived if you did X amount in trqnsactions a month. The money was always in my account within 3 days, and I just passed the 1.9 along to the customers. They didnt seem to mind as long as they could use the card. They will offer you tons of extras...(to be able to check if a check is good, blah, blah, blah). You really only have to have the old fashioned swiper and a cell phone. I can't remember what compnay I was with, so you'll have to shop the best deal. I dont recall what my credit was like back then (probably much better since it was pre-divorce) and I don't know if they pulled it or not. I bet if you look hard enough, there are companies willing to deal with questionable credit for a higher transaction fee.....the price you pay until you settle that delinquent child support issue. :shock: :wink: (I crack myself up!) Anywho...let us know what you decide.

[c m chase]

I bet if you look hard enough, there are companies willing to deal with questionable credit for a higher transaction fee.....the price you pay until you settle that delinquent child support issue.

 

(in my best hick twang)

 

Lissen here lady, I ain't gonna pay no danged child support on that brat cuz his daddy done left ME. I'm fixin to wrang his neck, that no good dirty dawg! If'n that means I'm a dead beat mother, then I ain't carin'!

 

:shock:

 

(For those of you who don't know what sweetheart Tina is talking about, stupid Experian has a judgment listed on my credit report for non payment of child support...which is SO not mine. I don't have kids, thankyouverymuch...and they REFUSE to remove the stupid thing!)

[ceowens]

I bet if you look hard enough, there are companies willing to deal with questionable credit for a higher transaction fee.....the price you pay until you settle that delinquent child support issue.

 

(in my best hick twang)

 

Lissen here lady, I ain't gonna pay no danged child support on that brat cuz his daddy done left ME. I'm fixin to wrang his neck, that no good dirty dawg! If'n that means I'm a dead beat mother, then I ain't carin'!

:shock:

 

(For those of you who don't know what sweetheart Tina is talking about, stupid Experian has a judgment listed on my credit report for non payment of child support...which is SO not mine. I don't have kids, thankyouverymuch...and they REFUSE to remove the stupid thing!)

 

 

:neener: That is EXACTLY how I sound, too! :wink: