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

nherweck

LawnSite Senior Member
Location
Erlanger, KY
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

LawnSite Senior Member
Location
Texas
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

LawnSite Member
Location
NC
OP
nherweck

nherweck

LawnSite Senior Member
Location
Erlanger, KY
Howard Roark said:
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

LawnSite Platinum Member
Location
here
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

LawnSite Fanatic
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.
 
OP
nherweck

nherweck

LawnSite Senior Member
Location
Erlanger, KY
olderthandirt said:
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.
 
OP
nherweck

nherweck

LawnSite Senior Member
Location
Erlanger, KY
topsites said:
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

LawnSite Platinum Member
Location
here
nherweck said:
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:
 


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