How to accept credit card payments without a merchant account
It seems that merchants are always held responsible for fees when a customer pays with a credit card. In some cases, like with government tax bills, lawyers, dentist the customer can be charged the merchant fees and has no choice but to pay them, but it’s unusual that a visa processing fee can just be tacked onto a bill. Until NOW. We can do this for you. This service gives you the option of having the fees come up on the consumers end and no costs to the billing merchant. When you are billing in the thousands and tens of thousands of dollars, merchant fees can make a huge dent in your profits by the end of the year.
Marketing, rent, advertising, payroll, utilities, insurance, licensing, certification, it seems like the monthly costs of running a business never seem to end, and the bills just keep coming. The last thing you need is the added cost and hassle of renting or buying POS terminals, and the terminals are the least of your worries. When you have your own POS terminals, it actually costs money to make money. It shouldn’t cost you money to sell your own product or service, especially when you are already considering the money you have to put into your enterprise. Worrying about overhead and taxes, with few customers paying in cash, you now have the added bonus of paying a processing fee on top of everything else.
Cash is no longer king- Plastic is. If you don’t accept Visa and Mastercard, you can say goodbye to most of your potential clientele today, and your business as a whole tomorrow.
One has to consider the processing fees for credit card payments. A few percentage points may seem small, but after a number of large orders, it really starts to add up.
If you sold $23,000 at the Amex rate 1.9%, you would have to pay $437 in fees. What if, instead of being like the Visa merchant next door, with his rented POS terminals, worrying about how each time a credit card is processing, the swipe rate means additional monthly costs, you actually get to keep the entire $23000?
Think of an ecommerce web site that surcharges the customer the costs of accepting the credit card.