Craig Knight
New Member
Went with Mr. Stones suggestion of getting a palm organizer. But being the rebel i am i got a pocketpc, since it has full web capabilities. The reason i wanted full web browsing capabilities is to accept credit cards at outlying locations using wireless capabilities this here thing offers. Here's my plan, now let me know if there is anything not kosher about the whole ordeal. (Step one) Sign on with a merchant company. (step two) Get the e-business plan that allows online orders to be taken on my existing website, but only use it for remote processing capabilities. Get the ole high priced software to help in all the website preparation. (step three) Do my best to set all this up.
I have been in contact with one of the merchants after several hours of comparisons and have found this info and figures:
Costs is about 800 bucks for the e-biz software which they load onto your server and set-up your company. This software will enable crews to log into secret page of website and process a credit card within seconds, wirelessly. This includes mobile credit card imprinters for receipt purposes.
2.1% credit card fee for processing.
20 cents per transaction fee for something or other.
10 bucks a month for secure browser processing.
A minimum of 25 bucks a month if you dont use any of that.
Upon authorization, receipt will be generated to email and also keep record of all transactions in this software. Monthly report will be snailmailed to office for hard copy by credit card processing folks.
Deposit into company account is guaranteed 48 hrs from approval.
Thats it, sounds complicated as heck to me. But they say we can be taking credit cards in less than a week. So what do yall think?...What am i overlooking? Am I dreaming?
My sudden rush for credit card acceptance is generated from a article i read in the wsj. Here are a few of the numbers crunched that sparked my attention.
1) National average of increase of sales (12 months) after beginning to take master card and visa is 41%.
2) Sales from previous customers that did not have the choice to use a credit card in the past showed a 71.3% increase when given the choice to charge it. So in other words, they will spend almost 3/4 more than than they did before, when using a credit card.
3) Credit card usage is up over 200 percent in year 2000. (check card initiation was the main source of the huge increase, which isn't really a credit card, but works like one)
Anyway, sorry for being so long winded. Let me know what you think.
God Bless,
Craig