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Old 01-24-2018, 10:49 AM   #1
akstigo01
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I know everyone despises the credit card sales pitch but it is a necessity for businesses. If someone can save you a few hundred dollars a month and thousands throughout a year why not hear them out. I am considering giving it a try and have already been offered a position with a few guys. Its going to take some getting used to that's for sure. Anyone here in the business? Just trying to talk my way through it before going fully into it.
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Old 01-24-2018, 12:20 PM   #2
Texastaxi
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With Square, and stuff like that, I'd think this would be an obsolete service.
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Old 01-24-2018, 12:23 PM   #3
Jaybo31
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Quote:
Originally Posted by Texastaxi View Post
With Square, and stuff like that, I'd think this would be an obsolete service.
Kinda my thought. There's so much DIY out there now that I would think it would be hard to make a living doing it.
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Old 01-24-2018, 01:12 PM   #4
akstigo01
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Looks like the problem with square is the cost. If you do a small amount then square is the way to go but if you do a larger amount then from what I see square and others will cost you quite a bit more.
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Old 01-24-2018, 01:14 PM   #5
Charles
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What are your fee's compared to square?
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Old 01-24-2018, 01:49 PM   #6
BowSlayer
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I did lots of research before setting mine up a few weeks ago. I ended up with Square. It's hard to beat their rates and it's very simple to use.
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Old 01-24-2018, 01:52 PM   #7
ultralite09
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Did it for a few months as a side gig 4 or 5 years ago in college. Made decent money for the amount of work I did but I was just focused on landing franchises/mom and pop shops. Got to the point where even I was getting under cut by square, pay pal, clover, revel, etc.

I don't think I could do it full time with how much I was constantly getting under cut
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Old 01-24-2018, 01:54 PM   #8
flatlander
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Quote:
Originally Posted by akstigo01 View Post
Looks like the problem with square is the cost. If you do a small amount then square is the way to go but if you do a larger amount then from what I see square and others will cost you quite a bit more.
This^^^

Plus is you try to run large purchases through Square they can get cranky.

They wanted three months worth of bank statements, I told them to pound sand....
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Old 01-24-2018, 02:13 PM   #9
akstigo01
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Square's fees range from 2.65% to 3.4% depending on the transaction. If you do very little card processing or run a lot of very small transactions this is the way to go for sure as there are no other fees. However if you have a larger volume of transactions then going with another company would be cheaper. The percentage rates can be low enough to save enough money to cover the fees and save money. Plus with us you would get my cell number for service and to answer questions rather than a 1-800 number. Just a few things as I understand them.
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Old 01-24-2018, 02:24 PM   #10
rut-ro
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Who are you going to work for and what machines will you be pushing ? I was in the business for a while on the terminal side. I’ll tell you one thing, it is a cut throat business. It still amazes me people lease the machines for hundreds of dollars a month when they could buy them for what half of a monthly payment.
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Old 01-24-2018, 02:27 PM   #11
double bogey
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When I first started my business in 2009, the CC companies charged me $35.00 a month whether I used them or not. They also limited me to $7K a month in transactions. I soon grew tired of the monthly costs and dropped CC usage. A couple of years down the line, I started using Square. I may not use them for 5 months, and I may use them 3 times a week. Rates are a little higher, but they have never given me any issue with larger amounts. Several jobs around $8k, and a couple of times I have had $30k transactions. No issues whatsoever.
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