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  #21  
Old 02-22-2001, 08:26 PM
John Allin John Allin is offline
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Join Date: Sep 2000
Location: Erie, PA
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I gotta check with her highness. You know she does the finances. She's sleeping now. She has "first duty" tomorrow. We have crews starting at 2 AM. I'll ask her in the morning and let you know.
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  #22  
Old 02-22-2001, 11:12 PM
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KirbysLawn KirbysLawn is offline
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Join Date: Jun 2000
Location: Just east of Charlotte, NC
Posts: 3,486
Quote:
Originally posted by Mike Nelson
Does $70. per month sound high?
YES!

I had mine through Centura, $10 per month if no activity and nothing if I had activity (except the %). $70 seems like a lot, I would shop around.
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  #23  
Old 02-23-2001, 08:13 AM
BillNero BillNero is offline
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Join Date: Jun 2000
Location: IL
Posts: 29
CC Rates

Mike Nelson ...........

Your quote seems EXTREMELY high to me. Check with the Bank your business account is with. For what its worth - I started with a third party CC vendor. After a year of them I researched better rates with their competion and got it. The funny thing is - as soon as I started to switch, the first company dropped their rates even lower.

Eventualy - our Bank pursued us - lower our rate from 1.80 to 1.67% and NO Transaction fees.

THINK SNOW!

Bill
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  #24  
Old 02-23-2001, 09:12 AM
Mike Nelson Mike Nelson is offline
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Join Date: Jan 2001
Location: Fishkill,New York
Posts: 416

OK thanks for the heads up,I really appreciate all your input.

Kinda thought it was high,this was one of those telemarketers calling.


Thank You
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  #25  
Old 03-20-2001, 12:32 PM
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Stonehenge Stonehenge is offline
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Join Date: Feb 2000
Location: Midwest
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I'm a little further into the process now, and can share some additional information:

The rate I have thus far is 2.3% for Visa, 2.6% for MC. For an extra charge I can take AMEX and Discover. But there is also an $8/mo charge, and $0.20 per transaction. The charge I'm curious about is the setup. To run the numbers through some software via the internet, the cost of the software is $375. That seems high.

The other option is to have one of those card swipers in the office. Those are $265. Also seems high.


And here's the skinny on the discounts for cash. According to the paperwork I have, I can't charge MORE to a customer using a credit card, but I can offer a discount to a customer for using cash, check or chickens instead of the card.

And it appears that you can split payments between credit and cash/check. Might make it easier to sell the little extra they want but can't afford right now.
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  #26  
Old 03-20-2001, 02:34 PM
GrassMaster GrassMaster is offline
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Join Date: Dec 1999
Location: Columbus, JawJa of the great U.S.A.
Posts: 447
Don't know about you guys?

Hello Everybody:

48% of our business so far for the past 3 months is charge card & growing at a rapid pace. Last year the first 3 months was about 32%!

Don't know about where you live but here The Sams Club adds the percentage back on your bill if you use a charge card. The Charge card companies are greedy & I don't think they would like loosing Sams Clubs Business.

Butt the Small Business Man I'm sure the Charge Card Companies would give you the Shaft in a Nano Second?

Everybody uses plastic Now, I only use it on the Internet!
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