Cynthia - I’ve been taking cards for almost 6 years now, but do not
use a swiper. I use my computer, and enter the data by hand. It takes
but a few seconds to accomplish, and the last credit sale of the day
you just close your file on the bank’s computer, and get a run of
every transaction which you entered.
I do an “around the corner” deal; my business account is with a local
credit union, who does not process Visa/MC/Discover. My card
processor is a local commercial bank, who set up my transactional
account, and handles the movement of the electronic funds from the
card holders’ accounts, through their computer, to my account at the
credit union. It takes about 48 hours for the dust to settle, and
costs an average of 2.9% of the gross (including sales tax - rats!).
This is a larger fee than a swiper gets you, but I get to deal with
local folks, and if I ever have problems (very rarely) I can call a
person I know at the local bank for support. The worst part of the
system is the software itself, which only runs at 2400 baud. This is
not a major handicap as long as you have a 2400 baud modem; this is
required - we tried to use a programmable 56K flex modem, and the
Please let me know if I can help you further.
Jim Small, SMALL WONDERS