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receiving payments

Discussion in 'Business Operations' started by UNCFan, Nov 6, 2006.

  1. UNCFan

    UNCFan LawnSite Member
    Messages: 2

    I have been visiting Lawnsite for the last year and enjoy the information that is shared...so I decided to join today. I have read TONS of information on "how to" marketing, flyers, how to generate new business, etc. BUT I haven't seen anything on collecting payments. Is anyone using visa/mc as a form of receiving payments? Billing monthly / weekly?

    Your input will be greatly appreciated,
  2. MowJoeLandscaping

    MowJoeLandscaping LawnSite Member
    Messages: 69

    yes, i am a visa/mc merchant and it allows me to charge the prices i want beacuse now the customer can use thier card! and it's not too expensive
  3. Roger

    Roger LawnSite Fanatic
    Messages: 5,937

    Say what?

    How does the use of credit cards by the customer allow you to "charge the prices I want ...?"
  4. jsf343

    jsf343 LawnSite Bronze Member
    Messages: 1,785

    Use a good software to track everything, like quickbooks, groundskeeper, or any of the other good ones. They will help you to design an invoice. Heck you don't even need anything that fancy. Some people use excel. I used to use Word in the old days. Point is it will allow you to print out on your invoice at the end of the month what people owe you. I wouldn't do it weekly because you will drown in paperwork. You want to keep things as simple as possible, and still be able to track your costs and earnings. hope that helps you.

    HOOLIE LawnSite Gold Member
    Messages: 3,981

    There are actually a ton of threads on the topic you're looking for. Do a search on keywords like "next day credit cards" for one or just "credit cards" and should be lots of good stuff to read.

    Credit cards are nice...they allow you to control WHEN you get paid. No more waiting on the proverbial check in the mail.
  6. UNCFan

    UNCFan LawnSite Member
    Messages: 2

    Thanks for the input! I will do a search on the key word suggestion and see what comes up.
  7. mad_wrestler

    mad_wrestler LawnSite Senior Member
    Messages: 339

    I use quickbooks Pro 06 for my accounts managemant. Not all of my clients like using the internet so I do have some die hard paper recipients. Most however enjoy recieving thier invoices via the internet. We accept also payment through PayPal. It has worked great for us. At first I didn't like the fees, but it ends up being less than the cost of tracking down payment. You know, gas and TIME!
  8. ribbie78

    ribbie78 LawnSite Member
    Messages: 150

    what kind of fees with paypal? are they monthly fees or per sent/received transaction? Thanks.

    also- did you have to register a business account or can you simply use the account you use for ebay and similar online purchases where it is going to your your bank acct. via email.....

  9. mad_wrestler

    mad_wrestler LawnSite Senior Member
    Messages: 339

    Fees are per transaction. Very worth it in my opinion. About 2.99% per transaction. You can use your existing account. However, you should have the funds deposted in a business account. You don't want to get messes up with comingling your funds. Business and personal. If there is anything else, just ask. This site is great and owe a lot of my success to everybody here!
  10. topsites

    topsites LawnSite Fanatic
    Messages: 21,653

    I think it's because it gives him that little extra leverage some of us need.
    I do it, too (use a little leverage, that is)...

    For me, paid advertising and taxes give me all the leverage I need.
    Paid advertising creates the demand, and taxes leave me no other choice.

    I assume the credit card payment option gives the leverage of convenience, or something along those lines.

    oh btw, Payment is due when services are rendered.
    So, leave a bill or collect if they're home.
    Yes, right then and there, soon as I'm done (so I don't forget).

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