Cheapest way to accept CC?

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  • CHCRandy

    Master
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    5   0   0
    Feb 16, 2013
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    Hendricks County
    I was just wondering if anyone can tell me the easiest and cheapest way to accept CC payment from someone over the phone or email? I usually use Square but they charge me 3.5% for keyed in cards, and this is a large payment that I didn't realize would be a charge card before I priced work. Kind of hate to give Square $200-300 for processing a payment.
     

    M67

    Grandmaster
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    23   0   0
    Jan 15, 2011
    6,181
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    Southernish Indiana
    Paypal charges 3-3.5% unless you "gift" it, which you loose protection, and I bet they'd flag such an amount.

    To my knowledge everything that involves a CC there will be a 3-3.5% processing fee

    Only thing I could think of would be a wire transfer, still a charge, but definitely less than 3.5%
     

    hoosierdoc

    Freed prisoner
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    8   0   0
    Apr 27, 2011
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    Galt's Gulch
    Be careful of fake money orders.

    heck, there's no protection with credit card anyway. If it's a fake card and you shipped goods or did the service you are screwed unless you can find and sue the person.
     

    long coat

    Master
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    15   0   0
    Jun 6, 2010
    1,603
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    Avon
    Use Square, but send an invoice. It's only $0.30 & 2.75% when they pay with the link in the invoice. That will save some $, but still cost you.
     

    CHCRandy

    Master
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    5   0   0
    Feb 16, 2013
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    Hendricks County
    I appreciate your responses. Didn't think there was much of a way to do it any cheaper. Kind of tough that the payee is out of state so I have to key in card info. Guess I need to start noting that is cash/check price, add 3% for CC.

    Thanks again.
     

    churchmouse

    I still care....Really
    Emeritus
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    187   0   0
    Dec 7, 2011
    191,809
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    Speedway area
    I appreciate your responses. Didn't think there was much of a way to do it any cheaper. Kind of tough that the payee is out of state so I have to key in card info. Guess I need to start noting that is cash/check price, add 3% for CC.

    Thanks again.

    Yup. You have to CYA on a CC these days.
     

    Tactically Fat

    Grandmaster
    Site Supporter
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    22   0   0
    Oct 8, 2014
    8,270
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    Indiana
    I appreciate your responses. Didn't think there was much of a way to do it any cheaper. Kind of tough that the payee is out of state so I have to key in card info. Guess I need to start noting that is cash/check price, add 3% for CC.

    Thanks again.

    The best way to phrase it, so as to not run afoul of the CC rules is to offer a cash discount vs. an upcharge for using a CC. Not that it matters a whole lot, but retailers can get in trouble with the CC processor and the CC companies for charging higher % for CC users.
     

    Vigilant

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    Jul 12, 2008
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    Plainfield
    The best way to phrase it, so as to not run afoul of the CC rules is to offer a cash discount vs. an upcharge for using a CC. Not that it matters a whole lot, but retailers can get in trouble with the CC processor and the CC companies for charging higher % for CC users.
    Not anymore, that provision was removed when they restructured credit and debit card rules and fees several years back. It is now ok to charge a fee, or impose a minimum on Cc/Dc transactions.
     
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