Accept Credit Card Payments with Low Overhead

soob on 13/10/2019 - 11:27
Last edited 13/10/2019 - 11:58 by 1 other user

I am the treasurer for a small club that does typically under $1000 of sales a year of items we make at a couple of shows/fairs. I've been asked to look into accepting credit card payments, but the overheads need to be very low.

I know PayPal is a possibility but I've seen personally a few cases where buyers make payment then claim the goods were not delivered and PayPal ignores the receipt since it is not proof of delivery - I know there are ways around that like taking photos of drivers license + item, or getting customer to sign delivery receipt, but it's messy. Plus they are changing their rules that refunds/returns will not refund the PayPal fees.

Is there anyone else other than PayPal that is very low overhead?

Financial

Comments

  • Baysew on 13/10/2019 - 11:33
    +4

    Square or PayPal Here (Paypal device for processing Credit cards not PayPal transactions)

    Most banks have a minimum monthly charge/terminal rental.

    • trex on 13/10/2019 - 11:39
      +2

      +1 for Square. It is very easy to use and no minimum transactions or monthly costs. Square offers a virtual terminal so credit card payments are processed on a computer.

  • Ocker on 13/10/2019 - 11:34
    +3

    Square
    1.9% with card present, of 2.2% if card number is keyed in.
    Compares well with PayPal 2.6% + 30c

  • sinegar on 13/10/2019 - 13:54
    +1

    https://pinpayments.com - 1.75% + 30c Domestic cards

  • knightslay2 on 13/10/2019 - 19:32
    +1

    Have you looked into Tyro?

  • Findmebargain on 14/10/2019 - 01:59
    +1

    Square has a referral offer where referrer and referree get fee free transactions of $1,000 within 6 months of signing up.

    However, be mindful to check with your chosen provider their signing up procedures and what structures they may not accept or require extra steps in signing up. Eg, if your small club is an incorporated association, it may take longer or a manual process to get approved by Square.

  • BrandB on 07/05/2024 - 14:04

    Beyond Payments in Brisbane can offer no transaction fees and no terminal rental fees, but you may need a higher amount of transactions to qualify. Check it out if out helps.

  • Falkor on 07/05/2024 - 21:49

    Some other ideas to consider with low overhead / no minimums / no fixed fees and suit if accepting payments at shows/fairs

    Westpac air charges 1.4% let's you accept payments using your phone..and business accounts have no fees

    https://www.westpac.com.au/business-banking/merchants-and-pa…

    ANZ 1.3% https://anzworldline.com.au/en/home/tap-on-mobile-personal-s…

    Probably are others as well

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