Since I don’t have a walk-in store, and a majority of my clients are still paying by check, adding a traditional brick and mortar merchants services account would simply add to my overhead.
Yes, there is a higher percent and per transaction rate with Paypal and Square but there are no monthly fees. Additionally, with all of the little features that I currently use with PayPal both online and off would cost far more per month. Some of the features available automatically with Paypal I only use once in a blue moon (but I do use them.)
I do review and run the numbers on this regularly (at a minimum annually and sometimes mid-year) but so far it’s still been an overall savings even with the higher percent per transaction to just stick with Paypal and the Square reader over the guaranteed monthly charges I would be paying for merchant services, a gateway and some other add-ons.
As I said, a majority of MY clients are still paying by check and until that changes, the amount run as a credit card just doesn’t warrant more than Paypal and Square for my business at this time. If you are personally uncomfortable with one system or another, please let me know and as always, you can still pay by check.
I like to keep the business overhead low without causing any inconveniences for my clients!
