Accepting Credit Card Payments Really Isn't That Hard!!!

[nherweck]

Hi everyone, As most of you know, I'm only 16, but that doesn't stop me from working my business as well as I can. My business IS (yes, I repeat...IS) licensed (so no, you don't have to be 18) and I DO (again, DO) have a BUSINESS CHECKING ACCOUNT. Because I have just those two items, I can now accept credit cards!!! I chose to acceptMastercard, Visa, and American Express. I didn't choose to accept Discover as it would add additional fees. I chose the easy and cheap way to accept and it works WONDERFULLY. If anyone would like the link to my account processor..let me know and I'll send you the referral as I'll get a gift card if you sign up.

And remember...if you can accept credit cards..you can make more money off your clients! People are willing to pay up to 35% more if they can pay with an easy method of payment, such as a credit card. I've picked up two extra clients this past month for one reason...because I accept credit cards!!! Most LCOs out here do not, and because they don't, I get the possible clients! I used to charge $30 for a few of my yards, but now I charge their neighbors $40 to service them, that is a 25% increase! I'm not lying or setting you up at all...it is 100% worth it.

[Howard Roark]

Good for you starting so early.
What kind of fees are you paying on the CC's with your current company?
Please post the link.

Thanks!

[firecapt13]

post the link or email it to me cartersproperty@nc.rr.com

[nherweck]

post the link or email it to me cartersproperty@nc.rr.com
I went ahead and referred you. You should receive an email no later than by tomorrow evening.

[nherweck]

Good for you starting so early.
What kind of fees are you paying on the CC's with your current company?
Please post the link.

Thanks!

I paid $39 to set up.
6.99 monthly statement fee
3.85% on MC & Visa
3.25%(I think) on Am. Ex.

This program is a LOT cheaper in the long run if you plan on processing less than 10,000 dollars a month.

Post your email or PM me with your email address and I'll have them send you the referral letter.

THANKS!

[olderthandirt]

Out of curiosity what are the percentage of clients that elect to use CC ? and at what point does the gain in customers offset the added fees ? The 6.99 is a reacurring monthly fee whether its used or not so that would be another factor invovled in the equation.

[topsites]

No offense but everytime I think of cc's I envision myself doing MORE work for free.
For example:
IF 20 customers / month pay this way, say the average is 35 dollars:
700 x 4% = $28 plus 7 = $35

So, ONE job out of those 20 is free. Perhaps with more payments it gets cheaper, but $35 / 700 is 5% and you won't get below 4% so you're stuck somewhere between the two regardless.

By the way, whoever said people will pay up to (watch out, keywords) 35% more for the priviledge of using a cc is full of schitt.

[nherweck]

Out of curiosity what are the percentage of clients that elect to use CC ? and at what point does the gain in customers offset the added fees ? The 6.99 is a reacurring monthly fee whether its used or not so that would be another factor invovled in the equation.

About 25% of my clients now pay with Credit. Even with only getting TWO additional customers at $5 more than you would usually charge would offset the fees. And by the way everyone, there are NO per transaction fees.

[nherweck]

By the way, whoever said people will pay up to (watch out, keywords) 35% more for the priviledge of using a cc is full of schitt.

I'm sorry you believe that, but I'm not joking. I honestly have been able to charge new clients more than I've ever been able to charge before. I used to charge $35 for 15,000 sq. ft. Now I charge $45 a week including the same services, they just found out about our new credit policy. It honestly does work out.

[olderthandirt]

I'm sorry you believe that, but I'm not joking. I honestly have been able to charge new clients more than I've ever been able to charge before. I used to charge $35 for 15,000 sq. ft. Now I charge $45 a week including the same services, they just found out about our new credit policy. It honestly does work out.

I think your just trying to get yourself a free gift card by refering others.
By the way, whoever said people will pay up to (watch out, keywords) 35% more for the priviledge of using a cc is full of schitt.I've taken cards for to long to believe that 25% or 35% more for the service also.
And by the way everyone, there are NO per transaction fees.
and then you say this
3.85% on MC & Visa
3.25%(I think) on Am. Ex.
Those are transaction fees :dizzy:

[nherweck]

[QUOTE=olderthandirt]and then you say this

Quote:
3.85% on MC & Visa
3.25%(I think) on Am. Ex.


Those are transaction fees QUOTE]

I'm sorry...but OBVIOUSLY you need to educate yourself a bit about CC Processing. Those fees up there are NOT Transaction fees...they are DISCOUNT rates. Look on any CC Processor's site. It'll show a TRANSACTION FEE of anywhere from .20 to .50 PER transaction. Just a bit of advice, but if you're going to try and correct a teenager just because you're older than dirt, make sure you know what you're talking about. Thank you and have a fabulous day! :D :D :D :D :D

[nherweck]

I'm sorry if anyone on here thinks I am just a cocky and rude highschooler, I am really not. I just hate it when my 'elders' try to correct me when they are whom actually made the mistake. If anyone has any real questions about accepting credit cards, rather than trying to put me down, post all you want, my email address is nherweck@fiveguysandalawnmower if you'd like a quicker and more personal response. Thanks everyone on this site for helping me grow my business as I have!!! :waving:

[olderthandirt]

3.85% on MC & Visa
3.25%(I think) on Am. Ex.
those are what you pay on the amount per transaction thus there transaction fees
Every CC processor calls them something differnt OR they roll them into the % but your paying per transaction. So "I'm sorry...but OBVIOUSLY you need to educate yourself a bit about CC Processing" like I said I'm not knew at this or just started accepting cc

[6'7 330]

I'm sorry if anyone on here thinks I am just a cocky and rude highschooler, I am really not. I just hate it when my 'elders' try to correct me when they are whom actually made the mistake. If anyone has any real questions about accepting credit cards, rather than trying to put me down, post all you want, my email address is nherweck@fiveguysandalawnmower if you'd like a quicker and more personal response. Thanks everyone on this site for helping me grow my business as I have!!! :waving:
What kind of education are Kentucky students getting these days? Lessons, in electro shock therapy. And tell me how a 16-year-old is a legal business owner?

[hockeygoalie]

I found taking credit cards worked well for aeration, lime, overseed, and fert jobs in the spring and fall. Depending on the size of the yard, people did not have the $1000- $1600 that I charge for the service. But..... they had no problem charging it. Go figure. I only had a customer use a credit card once this season for mowing, but 10 times this spring, and so far 12 times this fall for aeration, ect.


remember.... no job is too big, and no fee is too big.

Trevor

[Howard Roark]

There are far better rates out there. Yes, they are transaction fees, and yes, at 16 you have a crappy attitude already.

Sounds like you're trying to get something free here. A real pro would just walk away and not post anymore. :cool:

[topsites]

I'm sorry you believe that, but I'm not joking. I honestly have been able to charge new clients more than I've ever been able to charge before. I used to charge $35 for 15,000 sq. ft. Now I charge $45 a week including the same services, they just found out about our new credit policy. It honestly does work out.

The hell you say I would never pay extra for credit, but then you didn't explain to them that it was more for that, or did you? Yeah because they find out dude down the street pays $35 cash while they're paying $45 credit, LOL! Because if you charge credit-guy $45 then you need to charge cash-guy $45 AND check-guy $45 as well.

Far as why they said yes, likely your excitement helped because I for one would never pay more to charge it, I'd pay cash (and that ONLY if I can no longer get out of it) and get the h3ll away from that business. Whoever heard of paying more for something on loan is like they say, a fool and his money are soon parted.

See, I pay my credit balance in full at the end of the month, so credit is the same as cash, and it's paid electronically at no extra cost. I buy all my stuff either in one payment OR if it's no interest, then I'll ride a loan for a bit. Another way to say it is, before I get a loan, I have to prove I don't need it.

But yes, there are those out there who like to play that game, sooner or later, most catch on... I mean, if YOU were paying 35% more for everything you buy, how long would it take before you went broke?
Right on...

Then again, some learn the hard way.

[HK45Mark23]

All business when they start accepting credit cards raises prices to offset the increase in business cost due to the cost of using the credit cards. Every one who pays with cash or check are also paying the higher price as well. There is nothing wrong with being 16 and legally in business. I don’t get how some of you insist it is illegal, it is not. I can sight many cases of people being even younger than 16 and multie million dollar businesses in their name, one every one knows is the Olsten twins. At about 5 years old they were co presidents of their movie company and now they are both worth over 300 million and still presidents of their company. Get a clue, it is all around you, children for what ever reason being head of businesses or owning businesses. Yes they did attend a lot of the board meetings, yes others made a lot of the decisions in the beginning but they also contributed. So get over the kid being in business at a young age, it is legal.

[Premo Services]

I went ahead and referred you. You should receive an email no later than by tomorrow evening.

I would apreciate a link also, I am interested in this

premoserv96@aol.com

[HK45Mark23]

Yeah i would like the info also. Please PM me.

HK45Mark23

[nherweck]

Yeah i would like the info also. Please PM me.

HK45Mark23

For some reason, I cannot PM anyone. I'm getting it worked on. What's your email address, and I'll send it there! Thanks!

[nherweck]

I would apreciate a link also, I am interested in this

premoserv96@aol.com

Sent it! Have a great day!!!

[nherweck]

All business when they start accepting credit cards raises prices to offset the increase in business cost due to the cost of using the credit cards. Every one who pays with cash or check are also paying the higher price as well. There is nothing wrong with being 16 and legally in business. I don’t get how some of you insist it is illegal, it is not. I can sight many cases of people being even younger than 16 and multie million dollar businesses in their name, one every one knows is the Olsten twins. At about 5 years old they were co presidents of their movie company and now they are both worth over 300 million and still presidents of their company. Get a clue, it is all around you, children for what ever reason being head of businesses or owning businesses. Yes they did attend a lot of the board meetings, yes others made a lot of the decisions in the beginning but they also contributed. So get over the kid being in business at a young age, it is legal.

Thanks... :)