As a by-product of selling, we have had to figure out how to take payments. Cash and checks were easy solutions; but as we started to attend larger shows, credit cards became a necessity. There are a lot of services out there – all with various fees and commitments. Recently, we switched to Square. This service offers a free credit card reader, no monthly fees, no contracts, and 2.75% transaction fee. It requires a smart phone or IPad and internet access. It doesn’t require a business bank account and is very easy to set up. Deposits are made directly to our account and I can download a transaction register which itemizes each payment and its corresponding fee.
I can’t say enough about this product. If you have a business or any need to take payment by credit card, this is a great service.