Because credit cards have become the most popular form of payment among customers, it seems only natural that a small businesses would want to expand their current payment options to accommodate this preference. Still, before you go ahead and start allowing your clients to pay by card, you need to find an affordable merchant whose transaction fees will not eat up your profits every time a purchase is made. In episode #152, Gene Marks and Elizabeth Larkin discuss three credit card merchants with reasonable processing fees.

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | RSS
Executive Summary
2:01—Today's Topic: Where Can I Find an Affordable Credit Card Merchant for My Small Business?

2:24—While PayPal and Square offer reliable service, these merchants charge approximately 3% in transaction fees, which is on the higher side.

3:12—One less expensive merchant for business owners to try is SumUp, which accepts a wide range of credit cards and only charges a transaction rate of 2.65%.

4:07—Another merchant worth considering is Intuit. Their app is called GoPayment and its fees can range from 1.6% to 2.4%, depending on which subscription plan you choose. It is a great option for small businesses that use QuickBooks because of its easy integration.

4:58—Lastly, small business owners can also use Clover Go; this app offers subscriptions with monthly rates beginning as low as 2.7%

7:05—Gene discusses a new small business called PooPrints, a waste-management service that tracks down negligent pet owners, using DNA analysis.
Links

PayPal
Square
Mobile Transaction
SumUp
Intuit GoPayment
Clover Go
PooPrints

Transcript
Elizabeth: Welcome back to the Small Biz Ahead podcast. I'm Elizabeth Larkin from The Hartford, and I'm here with Gene Marks, my co-host of the Marks Group.

Gene: Taking your questions and your issues about small business very seriously.

Elizabeth: Today's question is about taking credit card payments at your small business. We've talked about this so much, but Albert from North Carolina actually sent us a question, and I don't think we've answered before. After we hear from our sponsor, we're going to dive into Albert's question about accepting credit card payments. Gene,