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Re: Credit Card Merchant Account

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Bill Davis
Re: Credit Card Merchant Account
on Nov 9, 2011 at 3:39:19 am

I use both PayPal and Square for amounts under $500 or so.

For most "right now" transactions I think Square has the best solution. For "virtual invoicing" I like PayPal better.

Used with restraint, the charges for each are insignificant verses the value of fast collections and avoiding "corporate float" of net-30 systems that turn out to be "collect in 60 or so after internal processing.

If you get into amounts over a few thousand bucks, talk to your payees about direct ACH payments. I remember the strain of waiting for and handling physical checks of mid five to six figures and it's just dumb in the electronic banking era, IMO.


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