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Thursday, August 18, 2011

Accepting Credit Cards with SquareUp and iPhone or iPad

I'm doing some research for accepting credit cards.  I've had so many customers ask if I accept credit cards.  Since I don't I just know that there have been many lost sales because people don't carry a lot of cash.

In the past I haven't accepted credit cards because of the monthly fee, even when you don't have sales. Ouch!  Those of us who sell jewelry know that there are very few, if any, sales during some of the months of the year.  So we shy away from that monthly expense that just doesn't make sense to a small business.

SquareUp.com doesn't charge a monthly fee!  And it's used on our phone. For a very, very clear description and details go to FAQ.

  1. They do not charge a monthly fee!  Brilliant!  These folks saw the huge art and artisan market and a way to help us and a great business opportunity for themselves.
  2. They only charge 2.75% of each transaction - period!  So if I sell $100.00 in jewelry to someone, they keep $2.75 and I get $97.25.  Not a bad deal!  Especially since this might not have been a sale at all if the customer didn't have cash on them. 
  3. All you need to do is tell them you want it. You don't need to have a special bank account or good credit.
  4. The only requirement is that their credit card swiping device only attaches to an iPhone, iPad, or Android phone.

You will need to use an iPad if you already have a cell phone and you are under contract with a phone provider that won't operate with an iPhone.  With an iPad you don't need a contract, just pay the monthly $15 internet connection charge (AT&T).  (Updated info on 8/28/11 - the internet connection charge is $25 a month.   Apparently more money means more connectivity) I almost went this route, but the iPad price starts at $499 at Walmart.  So I scratched my head and sighed when I looked at my bank account.

The other option is to use an iPhone or Android.  The iPhone seemed like the best option for me, since I am not under a contract with a phone company.  The iPhone3 is $49 and the iPhone4 is $199 on the AT&T site.  This is a lot cheaper than the iPad.

Since I'm going with the iPhone I need to get a phone contract....boo, hiss. I live in the mountains and good cell phone service is limited to AT&T.  I can get a contract for $39.99 a month for 450 anytime minutes.  Since I'm not a phone junkie this is perfect.  Then there is a $15.00 fee to have internet connection.  I contacted AT&T and was told there would be a total of $3.00 a month in added fees (because they can!) So I'll  be spending $58.00 a month for cell phone, internet and be able to accept credit cards.  Credit cards will increase my income with more sales. Yippee!

I hope that this information and the on line links are helpful to you all.


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Thank you for your kind words. I'll answer any of your questions very soon. Linda