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Paying by credit card

  • Thread starter Thread starter MikeF00
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It's true though - you HAVE to move along with times. Card payments aren't even the future, they're the past. But The amount of tradesmen that don't hold this facility are losing out. And if you cant make enough profit to cover the £150 a year cost then your doing something terribly wrong
 
nicro3 said:
I would love to see a major builder punch their number into a machine.
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No difference there either, they have to pay suppliers on many ocasions with several company credit cards as they also do with hotel bills and entertaining prospective clients with business lunches.

When I did my council contract, all of their materials were purchased by credit cards.

As I said above I can also take payments over the phone, as do millions of businesses worldwide do as well.

Many retailers have a 2.5% surcharge on card payments (I don't) to cover the charges.

Do you really expect people to have to go to the bank in this day and age and have the hassle of withdrawing thousands just to pay you.
 
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Totally agree with system. Doesn't matter how big the company. It's all the same and they still use card machines and pay by card
 
galaxy_plumbing said:
how much is the monthly fee for machine rental or whatever they charge you for?
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That's negotiable with whatever payment plan is best suited to you. Bit like a monthly phone contract! Why not arrange a meeting with their local rep and find out? No obligation and you have nothing to lose.
 
nicro3 said:
System we will agree to disagree.
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Some day when you get bumped for thousands you might consider moving into the 21st Century. Plus you're not offering your customers the benefit of having a convenient and alternative payment method than "going to a bank".
 
One alternative to credit/debit card payments is to set up a business Paypal account and get paid that way. Be aware though that Paypal's fees are much higher than card machines, but either way you get paid.
 
Done it and didnt want to pay, besides still live in the 20th century where trust is a two way thing. And as I say will always collect
 
I must admit to being surprised at the debate. As a merchant, our preference would be in this order:

Debit card
Credit card
Cash
Invoice on account, paid by BACS
Invoice on account, paid by cheque
Cheque (on the spot)

I appreciate that our business processes are a bit different, but charge backs on cards are trivially small in comparison to bounced cheques, late or unpaid invoices. Large amounts of cash are a pain in the @ss.

Having said that, I would not be surprised if a tradesman didn't want to take a card - and if I wanted to pay that way, I would expect to check before the job started. However, if at the end of the job, he whipped out a card machine and offered to let me pay by card, I would be impressed.
 
Thank you Ray, exactly what my point is. As for payment methods I've completely eliminated the last 3 methods on your list as I expect to (fairly) and promptly paid for my services upon completion of works.

Sadly Nicro3 "Done it and didnt want to pay, besides still live in the 20th century where trust is a two way thing. And as I say will always collect" may well prove to be your downfall one day when you get bumped for a large 4 figure sum.
 
I'll contact my local Cardsave rep and if enough of you guys are interested, Ill secure a good discount for forum members.
 
nicro3 said:
Luck has nothing to do with it. Have worked hard and now work as and when
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"Lucky" as in your semi retired and you're in the position that you don't have the cash flow worries many other plumbers have. Not meant luck as how hard you've worked. I've worked hard all my life as well but I consider myself both lucky and fortunate to be in the position I am in now.
 
system3 said:
I'll contact my local Cardsave rep and if enough of you guys are interested, Ill secure a good discount for forum members.
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All members interested PM me your email/contact details and I'll contact Cardsave. If we get enough names to get their interest, I'm certain I'll get a good discount, but the final package is the one that YOU chose.

There is also the company that Lee/Bod deals with as well but I know little of them.
 
nicro3 said:
Not lucky have worked towards it. PLEASE READ POST
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I meant lucky as in fortunate. PLEASE READ POST.

Swings and Roundabouts this, and off topic and I'm not getting drawn into a terminology debate, which is detracting from the helpful post I've offered above about those wanting a card machine. Please leave it alone and let it rest.
 
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