How To Accept Credit Card Payments for Small Business
If you’re one of the many American small business owners who refuses plastic because of high merchant service fees or for whatever reason, lost sales has very likely become a daily or weekly bummer. But no more. Square, Inc. has shown more than two million individuals and businesses so far how to accept credit card payments for small business the easy way with their Square Reader and Square Register.
With Square’s credit and debit card services you can process payments on an iPhone, iPad or Android. You simply plug Square’s free Card Reader into the headphone jack of an iPhone, iPad, or Android device, or use their free Square Register app to turn your iPad into a register, and you’re on your way to accepting more credit card payments in a safe and secure way.
For many growing companies, how to accept credit card payments for small business isn’t the only worry; it’s the cost. Square charges a rate of 2.75% per swipe and there are no other hidden fees. Also, there’s no waiting several days to get your money; you’ll have access to your funds the next business day so your cash flow continues to do just that, flow. It’s likely the convenience and low fees of this technology that has led to individuals and businesses raking in credit card payments of more than $6 billion annually.
“Square’s incredibly simple and convenient solution meets the needs of every type of business,” said Square COO Keith Rabois. “With more than 80 percent of Americans using credit cards, making payments with Square is becoming part of everyday life.”
While American small business owners anywhere can accept credit card payments for small business, Square is currently only available in the US. If you’re a Canadian small business owner, check out options such as Payfirma, or Intuit, both of which offer similar services to Square.
To Learn More About How To Accept Credit Card Payments for Small Business
Visit the US Small Business Administration site, which gives you the pros and cons of taking credit card payments, including fraud risk and what it means for your bookkeeping practices.