Think Art Loud

Inspiring, Encouraging, and Promoting the Handmade Arts and Artists

Posts Tagged ‘PayPal’

If you do a lot of shows, or have higher priced items, then you’ve probably considered, or will eventually be considering, accepting credit cards at shows. Accepting credit cards at shows really does make quite an impact on your sales. Since I started accepting credit cards at shows, I’ve noticed not only increased sales, but also an increase in the average price, so I would definitely encourage other artists to look into accepting credit cards. However, as there are several different options out there for doing so it can be very confusing to find which method would be the best one for you.

Most methods require that you have a merchant account service (sometimes banks offer this) which will rent or sell you the credit card processing equipment. Some of the methods will approve/decline the cards right away, while others record the needed information requiring you to phone the information into your merchant account service to complete the payment(s).

Regular credit card processors and merchant accounts can be very expensive. Besides the cost of the equipment, merchant accounts charge a monthly fee (whether or not you’ve actually processed any cards that month), as well as, transaction fees for each credit card payment (the % varies for each credit card company).

Thankfully, these merchant account services are no longer the only options out there for accepting credit cards, Other options out there are: Intuit GoPayment, Square, or PayPal’s card reader. All three of these options allow you to accept credit cards via a smartphone and know straight away if the card is approved or declined. I use Square and absolutely love it. The card readers are free and there’s no monthly fee, so the only cost is a small transaction fee which is the same for all credit card types. Square is the method I would most recommend, but I know others that have used Intuit GoPayment and PayPal that are also really happy with their choice. Whichever one you choose (if you choose to accept credit cards via a smartphone), just be sure to do your research as two which phones they are or are not compatible with.

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