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Stripe and any number of the new fintech companies make card payments an absolute pleasure compared with the drama of getting merchant accounts, leasing a PDQ e
by multjoy 5y ago
Stripe and any number of the new fintech companies make card payments an absolute pleasure compared with the drama of getting merchant accounts, leasing a PDQ etc.
We run an SME (a boarding kennel, so nothing exactly cutting edge) and Square costs us 1.75% for cardholder present transactions. No minimum charge, cash is in the next working day, they do all the compliance so provided I don't do anything mental like taking pictures of payment cards, I'm sorted.
Obviously there's a higher cost for online processing and you could probably bring down the percentage cost if you shop around, but the ease of entry for card payments these days is absolutely astonishing.
The biggest problem with crypto is that you, as a business owner, want to make it as easy as possible for people to give you their money and crypto is a massive frction unless you're marketing to the tiny subset of people using it as a currency rather than a value store. It'd be a bit like accepting gold over the counter.