hibsjo(SCO) Posted February 27, 2006 Report Share Posted February 27, 2006 Who takes payment by credit cards? a large percentage of my business is done by this now . Is their another thread about this cant find it? Link to comment Share on other sites More sharing options...
Lee Posted February 27, 2006 Report Share Posted February 27, 2006 Last week I took cash every day, several cards every day but NO cheques. Credit cards really do encourage people to spend more as well! If it wasn't for the costs involved I would prefer credit cards. I have a transaction charge of 70p for all transactions under £10, no one seams to mind, and will often round up their spend to usually (by the time they have finished) over £10 Lee Link to comment Share on other sites More sharing options...
bristolcobbler Posted February 27, 2006 Report Share Posted February 27, 2006 i normally charge 50p on anything under a fiver Link to comment Share on other sites More sharing options...
Guest k@lsb Posted February 27, 2006 Report Share Posted February 27, 2006 we take cards, but also love to give a discount for ,cash. and always love to have a haggle, for a deal or 2.and customers love this, as they feel you have done them a favour, and they come back.but most of all they remember you, try it in tescos, and c what happens lol...thats what makes us special.to a multiple, we offer, PERSONAL SERVICE, and the very best we feel we can offer......................... Link to comment Share on other sites More sharing options...
earlsdoncobbler Posted February 27, 2006 Report Share Posted February 27, 2006 not taking cards yet one of the things to look into this year, who gives the best deal for the machine`s also anyone had any problems with chip and pin Link to comment Share on other sites More sharing options...
Lee Posted February 28, 2006 Report Share Posted February 28, 2006 Chip and Pin has been excellent, far quicker than signing! transition was easy and I have not had a single problem! up untill February 14th people would come in saying 'I don't remember my pin' or 'I don't have a pin' BUT the day after NOBODY forgot their pin! People Lee Link to comment Share on other sites More sharing options...
Theone Posted February 28, 2006 Report Share Posted February 28, 2006 yes chip and pin is great ps i tell customers i dont accept cheques Link to comment Share on other sites More sharing options...
ironplanet uk900 Posted July 10, 2006 Report Share Posted July 10, 2006 yes chip and pin is greatps i tell customers i dont accept cheques Why Link to comment Share on other sites More sharing options...
Theone Posted July 13, 2006 Report Share Posted July 13, 2006 chqs bounce plus they cost more to process and take longer to credit depending when you take chq and do banking could be ten days before it goes in bank. cards are not fool proof but machine normally will tell you if its robbed Link to comment Share on other sites More sharing options...
ironplanet uk900 Posted July 13, 2006 Report Share Posted July 13, 2006 As long as they've got a valid card to go with the cheque you're ok. Never ad a problem in 20 years get the point about the cost but not much diference to some cards. Link to comment Share on other sites More sharing options...
earlsdoncobbler Posted July 14, 2006 Report Share Posted July 14, 2006 i have cheques paid in my name not the business them pay then into a building society to save towards paying my tax Link to comment Share on other sites More sharing options...
Auto Key Wizard Posted July 15, 2006 Report Share Posted July 15, 2006 Now you have disclosed this method on an open forum, I trust you have informed the Inland Revenue of this financial arrangement Link to comment Share on other sites More sharing options...
kobblers Posted July 15, 2006 Report Share Posted July 15, 2006 haha, Link to comment Share on other sites More sharing options...
ironplanet uk900 Posted July 15, 2006 Report Share Posted July 15, 2006 Most cowboys are good with guns Link to comment Share on other sites More sharing options...
Auto Key Wizard Posted July 15, 2006 Report Share Posted July 15, 2006 Link to comment Share on other sites More sharing options...
ironplanet uk900 Posted July 15, 2006 Report Share Posted July 15, 2006 Nice one Link to comment Share on other sites More sharing options...
kobblers Posted July 16, 2006 Report Share Posted July 16, 2006 we stopped using the credit card system a while back, in our case it just wasn't beneficial, after two years we saw no real improvement in revenue generated by them. since stopping it we have suffered no apparent loss of income. strange how some businesses rely on them, gotta be a demographical issue. probably in the future we will pursue this once again. rick. Link to comment Share on other sites More sharing options...
ironplanet uk900 Posted July 16, 2006 Report Share Posted July 16, 2006 Teah that's true, My old shop which I had for 10 years never had the need for a credit card system as no one ever asked us if we excepted them. but when I moved, Everyone wanted to pay by card? Strange thing that Link to comment Share on other sites More sharing options...
earlsdoncobbler Posted July 16, 2006 Report Share Posted July 16, 2006 tel 200 wrote Now you have disclosed this method on an open forum, I trust you have informed the Inland Revenue of this financial arrangement i have been doing this for 5 years now my accountent does not have a problem with this, start taking credit cards from Tuesday Link to comment Share on other sites More sharing options...
Auto Key Wizard Posted July 17, 2006 Report Share Posted July 17, 2006 Hi Earl It was the way you worded the post, sounded a bit dodgy Link to comment Share on other sites More sharing options...
Guest blank Posted July 22, 2006 Report Share Posted July 22, 2006 i too take cards - would not change it for the world as it is brill. money goes straight into bank - almost 30% pay with cards.,. we are about to offer cash back, which will reduce the amount of cash in shop, less bother. does not cost anything to set up and we can charge a small percentage for the service. look into it. Link to comment Share on other sites More sharing options...
'Onest Andy Posted July 24, 2006 Report Share Posted July 24, 2006 I am one of what must be the minority now. I do not accept cards of anykind. I have looked into the pros and cons on more that one occasion. For me it would represent a huge rise in costs as not only would I lose the costs involved with processing cards but I would also be forced into opening a business bank account. I do run a separate account for my buisiness but it's an ordinary personal account with no charges . I do however have one major benefit in that there are 3 major banks with cash machines withing 300 yards of my shop. Most customers just go straight to them and draw cash without any loss of sale on my part. The odd few I do lose come nowhere near covering all the costs i would incur. Link to comment Share on other sites More sharing options...
Hugh-Candoit (ENG) Posted July 24, 2006 Report Share Posted July 24, 2006 There is a benefit to this method, in that you dont have a problem when things go wrong with Cards and electronic processing devices. There are good and bad points on both sides but I would be afraid of having large amounts of cash on the premises. Todays hold-up druggies aint going to take processed numbers on a till roll. Give em the bit of cash thats in the till and they are happy. Link to comment Share on other sites More sharing options...
Auto Key Wizard Posted July 24, 2006 Report Share Posted July 24, 2006 but I would also be forced into opening a business bank account. I do run a separate account for my buisiness but it's an ordinary personal account with no charges. Hi Andy, I don't use a Business Bank Account either, I have a Personal Account with Abbey I use for business, in over twelve years I've never paid bank charges, & get a good interest rate, this account handles all Cash, Cheques & Card transactions going in & pays out all my Direct Debit, Standing Orders, Visa Debit & Cheque payments....I like it Link to comment Share on other sites More sharing options...
ironplanet uk900 Posted July 24, 2006 Report Share Posted July 24, 2006 That sounds great, I really must look into this as my bank charges are getting silly. I recently opened a new account for a new shop I'm opening. I asked them if they could do 12 months free banking, "well we could if it was your first account, but as you've already got 2 business accounts, we're not able to do it" I should have told em to shove it, but it seemed a lot of hassel at the time, direct debits,etc. I'm gona have to sort it. I agree with Hugh on the credit card thing, Keeping to much cash lying around etc, But I must say Andy, I never used to take cards.. Had a few customers lost, but thought that the cost of the machine etc out weighed that. But I must say when I did start taking cards it definatley had a big increase in my takings. Are you losing more custom than you think? Just an opinion Link to comment Share on other sites More sharing options...
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