I here you. Just home today trying to get everything buttoned up like all the insurances and the square possibly. Then I could throw some signs out Friday.
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I bank with Chase. They have offered a card reader that puts cash directly to my account. 2.5% plus .10 / transaction with no wait time for money. Does that make sense?
That’s a pretty good deal.
Yes that definitely makes sense funny you say that because we just opened up a business account with SunTrust here in Florida but we were just talking about Chase today and we’re going to see what they have to offer also. My issue is is if they offer a service can I attach that to Markate CRM because I really don’t want to have to go through an extra step. If it is attached to Markate then they would just hit the pay it now button?
We stopped taking credit cards two years ago. Too expensive/hassle and most people pay cash or check, Venmo is gaining steam in place of cards.
Geez now I’m thinking about not even offering a credit card option and just taking cash or check.
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I’d offer it. It’s the way the world is moving.
I always say, “I prefer check as it helps me as a small business, but we can do a credit card if needed.”
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I’ve had more clients ask if I accept ApplePay which I do. Not sure if that will be monitored by big brother as well or not
@qons nailed it. Have it in case thats the only option.
Reading through this thread makes me feel glad that internet banking is so easy in my country.
I’ve only had 2 people pay cash within the last year, everyone else transfers online. Haven’t had a case where someone has wanted to use a card
Explain to me like I’m 5 why checks are still used in 2022 what is the appeal over online transfer? I get that older generations and technology don’t always click but why would someone prefer a check that needs physical banking over an online transaction what are the pros? Down here checks aren’t even in the financial system anymore, the use has been on the decline for over 10 years, as of last year banks won’t issue you a new checkbook, they don’t accept or print them anymore, and no one’s even noticed. What would happen if checks were pulled out of the financial system there?
We just take pics of them and it electronically goes into our bank account. Easier than cash IMO, and less waiting than credit
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You just nailed it. Most of my customers are 65+ and frankly don’t understand or trust electronic “money” transfers. Checks give you that physical proof you wrote it out.
When assets become numbers on a screen it’s all too easy to click a mouse button and drain those accounts. Disasters are the same way, wasn’t that long ago I remember somewhere in Europe people couldn’t get their money out of the ATM’s due to some event.
Always keep some physical currency in your possession.
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Hey probably want to fuzz out those routing numbers on those checks in the pic.
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Someone may try to deposit money into those peoples’ accounts 
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Others have added some good input.
But it sounds like your “online transfer” is something that either the US doesn’t have or doesn’t fully use…at least not the way I’ve understood you describe it previously.
If I hire a company to soft wash my house, I really only have three ways: cash, credit, check. There’s no real way for me to go online and do a transfer to them. Now big businesses offer what we call ACH withdrawal where it comes directly from your bank account (kinda like direct deposit but in reverse). This requires entering your routing number and bank account number on the company’s website. Kind of a hassle. But it saves the business money because it is a much cheaper transaction. Instead of 2.8% + $.10/transaction, you’re looking more like $.30/transaction with no % fee or a very, very low % fee. Square (and I’m sure others) offer that as a payment option…but, again, who wants to type in all that info and expose their bank account # when they can use a credit card that offers purchase protection plus they usually get cash back or airlines miles or some perq.
Edit:
One example: Today I had to pay the roofing company for replacing my roof. They wanted a check for the amount. They saved about $550 by getting a check instead of me paying by credit card (and I’m not sure they even would’ve let me pay by check.)
How would something like that work where you’re at?
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Yeah I had blocked those out but when I posted I clicked the wrong pic lol… feeling dumb
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Yes that’s what I’m talking about. The way we do it is have our business account number and details on the invoice that we email, give 7 days to wire money over after job is complete (entirely up to business), or end of month for commercial accounts. I don’t do anything on my end except wait for payment to clear. No machines, no checks no nothing. All the payment processing work is on the customers end as you’re on the receiving end, payments come through overnight. I can honestly say Ide get maybe 3-4 customer string me out till the end of the month which I don’t mind if there circumstance change but generally never chase people up.
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I’d love to do it that way and remove the credit card companies from the picture.
That’s just unnerving.
