Thread: Receiving credit card payments at markets- options?

iCCPay - Accept credit cards on your iPhone or iPod Touch in Australia

I know you can get wireless credit card readers from the banks, but I guess the merchant fees are high (you would have to talk with you bank/er about that)

paypal maybe?

PayPal to go.

You can get a device that plugs into a smart phone or tablet that will read credit cards. There was a promo where you could get the reader free. Not sure if it is still available.


Dave

The Turning Cowboy

Think also about BitCoins. I have heard of several business's that are starting to accept them.

Just for the record, I do not have BitCoins or know enough on how to use them - but I have been told it is easy to do.

Value of one bitcoin is over $700 today. DaveTTC, you are thinking of Square, which was yanked from Australia as the banks closed shop (yes, its a cartel).

There is one option of Kaching from CBA.

Mobile swipe machines are available, but the last I checked the fees were hair bleedingly usurious. (I used to sell Lego via the markets)

E

Evanism - I thought the paypal thing is still going. Have not heard of square. It is a paypal app for Apple or android and the device plugs into your 3.5 mm jack on your phone and uses your phone 3G or 4g if you have it.


Dave

The Turning Cowboy

My work has wireless Eftpos machines which work off the mobile phone network. They are from one of the big four banks and are $34/month rental - plus any transaction fees I guess. I have no idea if that is a standard rate or just applicable to this company.

Originally Posted by tea lady

Was pondering how to get credit card facilities at markets so people can buy things without finding an ATM. Can you still get those old style swipe-the-form type things?

To answer your original question; yes you can still get the old fashioned swipy things. Only last week our local Woollies suffered a computer meltdown which completely severed the banking interweb system; no Eftpos, cash or CC only with the swiper; only problem being of course they didn't know where the bulk cc slips lived; and most of the younger staff had never seen one outside of an old movie.

The downside: You pay for the privilege. Visa/MC guarantee that you will be paid what's on the slip; providing you actually check the little things like the card isn't an obvious fake and that the signatures match. They charge you for that insurance. I have a CC that gets around $50k put through it every year but I pay no charges and no interest; even if they only charge 1% that's still $500 they make in transactions from my card, plus rental of electronic readers and of course the Swipy thing. Aldi put (I think) a 1.5% commission on their CC transactions; I suspect that this figure is actually what they get charged as they are very vocal about keeping prices as far down as they can. Although this means of course that they're passing the costs of their insurance on to those customers

Basically what CT said is true, however, the Art & Crafts group I belong too has access to the CC swipe machine and we were told about 12 months ago that the bank is going to withdraw them or increasing the merchant and processing fees for their use. So far nothing has happened. We were told that if withdrawn it would be replaced with either a wifi version or plug-in version at an additional cost.

The short of it is that unless you have a large turnover it would not be cost effective. It's just another grab by the banks for your cash.

PayPal here

That is the name of the app

I think they charge a little more 2.2% but no monthly fees no machine hire etc. The little reader may have an initial outlay price.

You can set up your phone / device with standard sale items etc. It is possibly one of the simplest options available. That does not entail monthly fees

There was an update recently so I presume it is still a viable proposition.


Dave

The Turning Cowboy

Originally Posted by DaveTTC

PayPal here

That is the name of the app

I think they charge a little more 2.2% but no monthly fees no machine hire etc. The little reader may have an initial outlay price.

You can set up your phone / device with standard sale items etc. It is possibly one of the simplest options available. That does not entail monthly fees

There was an update recently so I presume it is still a viable proposition.


Dave

The Turning Cowboy

Might be my excuse to get a new phone. But I guess the fees are just transferred to another device. What mobile plan will I need to get to cover this. My brain hurts. :

Originally Posted by tea lady

Might be my excuse to get a new phone. But I guess the fees are just transferred to another device. What mobile plan will I need to get to cover this. My brain hurts. :

All depends on what you are doing. The actual transaction uses very little download. If you don't go over your data allowance now I don't think it would make any significant difference. If you don't have a data allowance and you are not planing on anything else the a 500GB would be heaps I imagine.

If you have an iPad or iPhone already you should not need a new device. I can even use my iPod touch if I have a wifi connection. I can use my phone as a hotspot and do it that way.


Dave

The Turning Cowboy

Originally Posted by DaveTTC

If you don't have a data allowance and you are not planing on anything else the a 500GB would be heaps I imagine.

Dave

The Turning Cowboy

Yeah, 500Gb should give you a transaction or 2

I can recommend Paypal Here as a method. Low fees, easy setup, works well. Yet to have any resistance from customers. Customer can use their paypal account as well. No debit cards as yet but I believe that is planned for the near future. I use an I pad mini so I can have a slide show going to draw the punters in. I got my device for free. The one sent developed a fault but it was no drama to have them replace it.

Cheers
Bevan