Calling all crafters.
Do you accept credit cards?
We have been using 1st National Processing but it costs $40 + per month and a per-item fee. We are re-evaluating if we should continue to use their service or not. Because of the high cost of processing and the low volume we do, selling my wife’s lovely handmade bead jewelry has become more of a labor of love than anything remotely close to being profitable (the word unsustainable comes to mind for some reason).
That said, I’m sure that many of you have had days at craft shows where you could not make a sale simply because you did not accept credit cards—we had several of those in the past which is why we are accepting credit cards, but how much does one have to pay to be able to get your name out there? My understanding is, if I purchased the card reader, my monthly charge would go down and I would own the reader instead of renting it. I have considered getting a “square” for iPhone because there is only a small percentage charge per item but I have yet to jump into the smart phone arena because I don’t want to pay so much for phone service + international calling + data.
UPDATE: July 2012
I was able to get the price down to $11 a month plus transaction fees by becoming PCI compliant. Then I received a call from a company called Securus which offered even more bells and whistles for about the same pricing, I moved to them but my price has gone up. Not sure what happened, it’s looking like a he-said she-said issue. I’m thinking of changing back to 1st National Processing.