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| Accepting Credit Card Orders http://mowrystrings.luthiersforum.com/forum/viewtopic.php?f=10102&t=14380 |
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| Author: | Ric Hollander [ Mon Nov 05, 2007 3:53 am ] |
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I have a merchant account already setup for another venture I was involved in. After the end of this year I will no longer need it for that venture as the business will be closing. Since it's already setup and pretty cheap ($7.50 per month), I was considering keeping it and using to accept credit card orders for future builds. What has your experience been with buyers paying via a credit card, i.e. is it worth it for me to keep the account? Thanks, |
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| Author: | Brad Goodman [ Mon Nov 05, 2007 5:09 am ] |
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Hi Rick, It's probably a good idea to keep it open. I have friend that buys a lot of guitars (that he can't afford)-he puts them on his credit card. You can always close it at a later date. It is a convienence for a lot of people. |
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| Author: | Michael Dale Payne [ Mon Nov 05, 2007 7:02 am ] |
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I do fine With PayPal To me it is just less hassle |
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| Author: | Ric Hollander [ Wed Nov 07, 2007 12:10 pm ] |
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Thanks for the info. I checked with Paypal and their annual fee for an account that will allow me to accept credit card transactions via phone would be $30 a month. I'm only paying $7.50 a month for the full merchant account I have now so I'm better of sticking with that. |
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| Author: | KenH [ Wed Nov 07, 2007 12:16 pm ] |
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that is dirt cheap for having a merchant account. I'm sure they get a percentage of each sale also... I would most definitely keep the merchant account if that is all it is costing you... |
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| Author: | David Collins [ Wed Nov 07, 2007 12:17 pm ] |
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At that price I would certainly keep it open. I'm paying almost three times that much, though when I shopped around I took it because the package had a lower percentage rate that ended up making it a better deal. |
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