One of the many things that iPhone and SmartPhones have changed is the ability to do EVERYTHING on the go.
One of the best changes for small businesses and crafters is the ability to process credit cards securely and affordably on the go. Long gone are the days of the knuckle buster and worrying about if your credit card info is secure.
Two great and extremely affordable options are GoPayment and SquareUp.
Square Up
Cost:
Monthly Service Fee: None.
Card Reader: Free!
Swipe Fee: 2.75%
Key Fee: 3.5%
Transaction Fee: .15
Limit: Will only deposit $1001 per week.
Pros:
Card Reader is Free. Easy to use. Automatically deposits into bank account. Easy and quick to use!
Cons:
No backup plan if your phone is not working!
GoPayment
Cost:
Monthly Service Fee: Free up to $1,000 of processing a month. ($12.95 for the other account)
Card Reader: $179.95 BUT is currently being offered free to new customers!
Swipe Fee: 2.7%
Key Fee: 3.7%
Transaction Fee: .15
Limit: $1000 per month for the free account.
Pros:
Comes with a insert for your knuckle buster with your business name and account number. Great for the just in case situations when your cell phone reception doesn’t work or your phone battery dies. Just like SquareUp, deposits funds directly into checking account. One thing it does differently, which I like for tax purposes, is that it withdrawals from your checking account the Transaction/Swipe/Key fee after it deposits your transaction. Why is this a good thing? When it comes to taxes, it makes it much easier to account for the fees. (Tie that in with Outright and you will have taxes done in a second).
Cons:
If you are like me, when I signed up the card reader was not free and now I have to make the choice if it is worth $179.95. You have to have two log ins. One is for the GoPayment on your phone. One is for the Merchant Center.
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