Small business question....

[nvmyss]

So I'm starting my own side business doing laser engraving sandblasting and I'm trying to figure out what the best way is to process CC payments.

I'm not planing on processing over $1000/mo. normally but sometimes I might go over $3000 a month.

Intuit has the option of $19 per month to process cards with quick books.
- 0.27 cent per transaction plus the 1.64/2.44% per transaction.
or online process without Quick books for $13/mo 0.30 cent transaction and 1.9/2.9% fees

Well checking out the Intuit page I see they have a mobile app process service. No per mo. fee if I stay under $1000.00 with 0.30 cent transaction and 2.7/3.7% fees. Or over $1000 $13/mo. 0.15 cent transaction and 1.7/2.7% fees.

What are the pros/cons of using a mobile app other than the fees?

Another option is I can use my bank and lease a CC terminal at $35 a month (that's high I think) and pay a $15/mo processing. The bank has a lower % per transaction fee of 1.6-1.9% and 1.9-2.1%.
With the bank I can buy my own terminal too.

The next question is book keeping:
Should I use something like Quick books ($190)to track everything?


Any ideas you might have would be great.

[nvmyss]

I forgot most of the merchant services I've looked at take 2-3 business days to process the payment. My bank has next day funds with the payment.

[ProdigyCustoms]

Paypal credit card processing was great till we blew past the amount of gross income they could handle. But they offered instant funds, a debit card on the account, low fees and cash back on debit card purchases.

[go-fish]

Yep, I would say PP biz account unless it's a major operation.

[JBCO]

Do PP -- it's a win all around. I had a merchant account setup for processing CC's and it was nothing but a pain -- especially if your volume isn't that high -- they get you with all sorts of fees, contracts and other things.

PP is smooth sailing all the way -- and their customer support if you are doing decent volume is great.

Hope that helps