A Cost-Effective Way to Accept Credit Cards at Craft Shows
The holiday craft show season will soon be in full swing. However, there is still time for crafters to convert their iPhone into a low-cost credit card processing option.
Until recently, the ability to accept credit cards at craft shows was limited to either paying for a landline, relying on a store-and-forward terminal or using a wireless terminal. Each of these options present certain drawbacks, as explained below:
- Landline – Expensive and cumbersome option that isn’t always available (depending on the venue).
- Store-and-Forward units – This method can be a bit risky. Although you swipe the customer’s credit card at the point of sale, you have to wait until you can upload your transactions (via a phone line) before knowing if they are approved – or not. By the time you discover a card has been declined, the customer is long gone – along with your (unpaid for) merchandise.
- Wireless Unit. These units represent a substantial investment to purchase ($800+) – or are EXTREMELY expensive to lease (I don’t care what a sales rep tries to tell you when it comes to leasing credit card processing equipment – the best and shortest answer is ALWAYS: don’t do it!). As a rule, wireless merchant accounts also carry additional monthly fees on top of the standard credit card processing charges. (These fees can easily add an additional $25 to $50 per month to your processing statement!) Plus – wireless service isn’t available everywhere, which can leave you with an expensive store-and-forward unit.
On the other hand, for approximately $125 you can purchase the PAYWare Mobile credit card encryption sleeve. This handy device will instantly convert your iPhone into a mobile credit card terminal. Not only will it allow you qualify for “swiped” transaction rates (the lowest) – it will also let you know instantly if the transaction has been approved.
PAYWare Mobile + Your iPhone = an extremely cost-effective and simple way to accept credit cards at craft shows!
Ready to find out more? Simply contact me (Cheryl Garabedian) for a personal consultation!
(PS Sign up before 10/31/10 to save $64!)