Katrina Barnett - on the subject of credit card processing. The comment
is right on about the outrageous cost of leasing a terminal - You should be
able to buy a good card swiper for about $250 to $300. Another bigger
problem with leasing is that you are tied to their processing services.
I’ve noticed that the processing services that also lease equipment are
often, not always, much higher cost.
What I use is a Trans330 swiper and a knuckle buster to imprint the card.
Thats because I don’t want to spend $350 more for a printer that hooks up
to the swiper. I do a lot of shows away from the shop and often without
110 power. I can use a rechargable 12 volt battery with a power inverter
that gives me 110 ac power for my swiper. That is hooked to a computer
interface (dial tone generator) that plugs into my analog cell phone. I
get real time authorization codes while the customer is standing in front
of me at the show, and I get the benefit of the much lower cost of swiped
cards. This lash-up cost me about $65 at Target for the 12 volt
rechargable battery and power inverter, and about $100 from Motorola for
the computer interface box and cable. It sounds like a lot, but I don’t
have to call in on the cell phone by hand to be assured that I get paid for
the $700 piece of jewelry. It has worked flawlessly for 2 years and many
transactions. If you always do inside shows, you don’t need the battery
and inverter, you just need 110 ac from the wall. Anyway, there is one
little thing you might think about, when I started taking credit cards, my
sales nearly tripled, and currently, credit cards run from 65% to 82% of
sales this summer. It’s really busy here in sunny Denver!
Judy Hoch, firstname.lastname@example.org
Incidently, so far, I can’t find a cost efferctive interface for digital
or PCS phones. PCS uses a different protocol and needs a special swiper
for about $1700.