Accepting Credit Cards at a Low Cost

I'm starting my business from my home doing eye lash extensions, and I need a way to accept credit cards, but at a low cost to me. I don't have many clients that are using cards but I would like the option available if needed. Does anyone have any suggestions on which one I should use?

Casie Johnson

Pure Radiance

Xtreme Lashes Stylist

▶ Reply to This

Replies to This Discussion

Permalink Reply by Marty Glenn on August 20, 2013 at 6:59pm

Casie

Open up a paypal account. I think it would be the easiest (Not the Cheapest) for you to start accepting CC.

Marty

SkinCareScience.com

▶ Reply

Permalink Reply by Deborah Kenney on August 20, 2013 at 7:17pm

I use Square-it's 2.75% to use swiper and 3.75% +.15 cents each trans. I think to hand key, uses smart phone and WiFi. No monthly fee. No set up fees. Much, much cheaper than the Cell Charge I used to use.

▶ Reply

Permalink Reply by Amanda Hong on August 21, 2013 at 7:16pm

Casie,

You should check PayAnyway.com and they charged 2.69% per swipe with any credit cards.

They will sent you the free reader.

Amanda

▶ Reply

Permalink Reply by coldsalineplexus on August 22, 2013 at 9:13am

I think that PayPal's mobile solution is the cheapest: https://www.paypal.com/webapps/mpp/credit-card-reader

▶ Reply

Permalink Reply by Casie Johnson on August 22, 2013 at 9:16am

Thank you everyone for your replies. I looked into the Paypal and Square that were both recommended and I decided to go with Paypal. I'm all set up and ready to go!!

Thanks again for the help!

Casie

▶ Reply

Permalink Reply by Marty Glenn on August 22, 2013 at 6:49pm

Casie

GLAD YOUR READY.... :) But...

Below is a Copy/Paste from an email my IT sent me regarding accepting credit cards on a WEBSITE or RETAIL. I thought it might help you and anybody else looking to accept credit cards:

(Parts are a little on the TECH side but I hope its helpful)

FIRST EMAIL

Do you pay less than 2.9%+$0.30 per a transaction with Lenders once you add up all of the monthly fees?

I tried to google Leaders and I found some really bad reviews on Yelp, I am not sure if it is the same company though. I also found one site that says that Lenders works with Authorize.net.

Essentially, yes you can use your merchant account with a gateway. There are two type of online credit card processing structures. One is a merchant account and gateway in one, such as, the PayPal account you have or Stripe.com or even some Authorize.net accounts. The other way is having a separate merchant account connected to a gateway. In these cases there really is only two options PayPal and Authorize.net. I am not trying to confuse you but PayPal and Authorize.net both have products that are merchant account and gateway in one and products that are just the gateway tied to an external merchant account.

If it makes financial sense for you to use your Lenders merchant account instead of the all in one products than I would recommend using PayPal because it would be easier to transition.

Here is an overview of the two gateway-only products that I put together for someone else earlier this year. Let me know if you have any questions.

PayPal PayFlow Pro https://www.paypal.com/ca/cgi-bin/webscr?cmd=_payflow-pro-overview-...
- Fees
  - Setup Fee: $99
  - Transaction Fee: $0.10
  - Monthly Fee: $25
  - Recurring Billing Fee: $10/month
  - Included Fraud Protection
    - Total Purchase Price Ceiling Filter
    - Total Item Ceiling Filter
    - Shipping/Billing Mismatch Filter
    - AVS Failure Filter
    - CSC Failure Filter
    - ZIP Risk List Match Filter
    - Freight Forwarder Risk List Match Filter
    - IP Address Velocity Filter
  - Additional Fraud Protection: $10/month plus $0.05 per transaction
    - USPS Address Validation Failure Filter
    - BIN Risk List Match Filter
    - Email Service Provider Risk List Match Filter
    - IP Address Match Filter
    - Account Number Velocity Filter
    - Geo-location Failure Filter
    - Bad Lists
    - International Shipping/Billing Address Filter
    - International AVS Filter
    - International IP Address Filter
    - Country Risk List Match Filter
    - Good Lists
    - Total Purchase Price Floor Filter
    - Custom Filters
    - Product Watch List Filter
    - Account Number Velocity Filter
  - Buyer Authentication: $10/month plus $0.10 per transaction
    - Buyer Authentication are the verification systems provided by the credit card companies, which are the Verified By Visa and MasterCard SecureCode programs.
Authorize.net with third-party merchant account http://www.authorize.net/solutions/merchantsolutions/pricing
- Fees (These fees are examples of fees. The actual fees are determined by the Auth.net's resellers assessment of a client's risk.)
  - Setup Fee: $99
  - Transaction Fee: $0.10
  - Monthly Fee: $25
  - Recurring Billing Fee: $10/month
  - Batch Fee: $0.25
  - Additional Fraud Protection: $9.95/monthhttp://www.authorize.net/solutions/merchantsolutions/merchantservic...

SECOND EMAIL

If you can use Stripe.com it is 2.9%+$0.30 per a transaction, no monthly charges or any other charges including for recurring billing. Also, you can sign up for as many account as you want and have them go to the same bank account. Meaning, you can have a unique billing identifier for each website

I hope this info helps. I am sure I was billed by my IT to write these two emails. :))