Moderator bruce johnson Posted February 10, 2012 Moderator Report Posted February 10, 2012 I use Paypal a bunch and will continue to offer it. After reading Ferg's experience I just went back and looked at four sample transactions off Paypal this week to see exactly what I was getting hit for in fees. Two are international and two are in the US. International #1 - $375 invoice/$14.91 fees = about 3.96% International #2 - $426 invoiced/16.91 fees = about 3.7% US transaction #1 - $278 invoiced/$8.36 fees = 3% US transaction #2 - $221 invoiced/$6.71 fees = 3% I can live with that. Quote Bruce Johnson Malachi 4:2 "the windshield's bigger than the mirror, somewhere west of Laramie" - Dave Stamey Vintage Refurbished And Selected New Leather Tools For Sale - www.brucejohnsonleather.com
Members Sovran81 Posted February 10, 2012 Members Report Posted February 10, 2012 Years back the CC companies used to charge the vendor about 2% per transaction to accept their cards. Has this changed? Do you guys figure in the square fees and the CC fees into your price? Quote
Moderator bruce johnson Posted February 10, 2012 Moderator Report Posted February 10, 2012 Joe, This has changed a bunch. Some charge a lower percentage. They make up for it in monthly fees of around $30, fees for the terminal/reader (lease or buy), supplies like paper for the terminal, processing fees for batch reports, contracts, etc. Now with rewards cards it adds another twist. They can charge one rate for debit, another for credit, another for rewards cards, etc. Then add in MC at one rate, Visa another, another for Amex, another for Discover and each card can vary from 1.75-4% within the same processor. It never penciled out for me to commit to a processor before Square. Square has no monthly fee, no reader fee, no supplies. On the downside they currently only accept cards within the US and receipts are sent to the customer's cell phone or email - no direct printing unless you do it on an IPad as I understand it. Quote Bruce Johnson Malachi 4:2 "the windshield's bigger than the mirror, somewhere west of Laramie" - Dave Stamey Vintage Refurbished And Selected New Leather Tools For Sale - www.brucejohnsonleather.com
Members Sovran81 Posted February 11, 2012 Members Report Posted February 11, 2012 Thanks Bruce. It sounds like a good deal. I dont have one of the new fangled "smart" phones, but have priced data packages. Now I just need to find a phone that Verizon and Square support. Verizon hasnt been too helpful in that regard. Quote
Members MHolzer Posted February 15, 2012 Members Report Posted February 15, 2012 Thanks Bruce. It sounds like a good deal. I dont have one of the new fangled "smart" phones, but have priced data packages. Now I just need to find a phone that Verizon and Square support. Verizon hasnt been too helpful in that regard. Joe, Square will work on just about any Android phone Verizon has. https://help.squareup.com/customer/portal/articles/156594-what-devices-does-square-work-with- Quote 1. A robot may not injure a human being or, through inaction, allow a human being to come to harm. 2. A robot must obey orders given to it by human beings, except where such orders would conflict with the First Law. 3. A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.
Members Sovran81 Posted February 15, 2012 Members Report Posted February 15, 2012 Joe, Square will work on just about any Android phone Verizon has. https://help.squareu...uare-work-with- Thanks. I have read that page but since I have never owned a smart phone, I know nothing about them. Last thing I wanted to do was buy an expensive phone and find out it didnt work. I have heard you can just swap the sims card from phone to phone but once again I am not sure if I can swap from my present phone to an android. I have a lot to learn about these phones and the service. Quote
Members MHolzer Posted February 15, 2012 Members Report Posted February 15, 2012 Verizon should be helpful enough in teaching you the basics of how to use a smart phone. As far as square goes, they have tutorials on their site that should get you up to speed. Quote 1. A robot may not injure a human being or, through inaction, allow a human being to come to harm. 2. A robot must obey orders given to it by human beings, except where such orders would conflict with the First Law. 3. A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.
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