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#1 |
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Member
Trade: painter
Join Date: Aug 2006
Posts: 47
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Credit Cards
Is it worth it to take credit cards? Is it expensive to do so? How much of a hassle to get set up?
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#2 | |
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Pro
Trade: Painting Contractor
Join Date: Dec 2004
Location: Toronto
Posts: 1,836
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Re: Credit CardsQuote:
1.7% Almost everyone pays us by Credit Card. Collecting downpayments, progress payments and balances is a breeze. Do a search here first and then do it.
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Toronto Painters Commercial Painting Commercial Painting Toronto Toronto Office Painters Painting Toronto Blog |
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#3 |
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Member
Trade: painter
Join Date: Aug 2006
Posts: 47
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Re: Credit Cards |
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#4 |
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Pro
Trade: Painting Contractor
Join Date: Dec 2004
Location: Toronto
Posts: 1,836
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Re: Credit Cards
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Toronto Painters Commercial Painting Commercial Painting Toronto Toronto Office Painters Painting Toronto Blog |
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#5 |
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Registered User
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Re: Credit Cards
One taking cash from anyone is always hard, cash is just so hard for anyone to part with. credit cards makes it much easyer for someone to buget out the expence of getting a job done. It also seperates you from cheap competition most dont have a bank account (LOL). theirfore unable to even set up an account. You can even do debit and check by phone transactions. I have one throurgh PDCA and quickbooks very happy $12.50 per mo. 1.7 % is in the area. used to use moble processing unit but monthly fees were too high like $127 per month lease and service but lower rate.
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#6 |
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Pro
Trade: Customer Education & Development
Join Date: Feb 2005
Location: Aiken SC
Posts: 1,331
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Re: Credit Cards
I just easily signed up with paypal. I bought one of those manual imprinters from ebay for 20 bucks and then whenever I get to an internet connection I enter their information.
I pay 3% but it is still worth it for me. let us know what you find. search these forums their is lots of info already posted.
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"The problem with internet quotes is, you never know if they are authentic." -Abraham Lincoln- Less with the jaw more with the paw! |
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#7 |
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Systems Fanatic
Trade: Painting
Join Date: Jun 2004
Location: Houston, TX
Posts: 415
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Re: Credit Cards
If you aren't accepting credit cards you are missing out on a great chance to offer more value to your customers.
The cost is insignificant, and besides, your customers should be paying for it. If it costs you 2%, add 3 to 5% to your price. Accepting credit cards is an additional value. Customers pay for value. Brian Phillips |
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#8 |
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Insert title
Trade: Doors-Windows-Decks
Join Date: Apr 2006
Location: MA&RI
Posts: 4,677
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Re: Credit Cards
You will close more deals when you offer credit cards. Make sure that you sign up with Amex and Discover, their rates are higher but once again you will close more deals.
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To get the best replacement windows, or sun rooms contact the replacement windows experts at FHI Vinyl Window Company. |
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#9 |
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Pro
Trade: Residential Contractor
Join Date: Feb 2004
Location: Jensen Beach, FL
Posts: 10,475
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Re: Credit Cards
IMHO anyone who has to resort to CC's to pay for big ticket items has financial problems. Only somebody in trouble or a financial idiot would pay those interest rates.
Most of them have 30 days to contest the charges (if they find a bug in the paint) and negotiations can drag on for up to a year or more. You're losing more money with every step of trying to vindicate yourself. Personally, I have a brand new one (3 yrs. old and never actuated) that I keep for emergencies. If you can't afford it, don't buy it.......especially with a CC.
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You can't solve you're problems with the same level of thinking that created the problems. Albert Einstein |
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#10 |
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Celtic's #1 Fan
Trade: electrical
Join Date: Aug 2006
Posts: 2,581
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Re: Credit Cards
WOW! what an incredibly misguided generalization...
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#11 | |
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Insert title
Trade: Doors-Windows-Decks
Join Date: Apr 2006
Location: MA&RI
Posts: 4,677
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Re: Credit CardsQuote:
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To get the best replacement windows, or sun rooms contact the replacement windows experts at FHI Vinyl Window Company. |
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#12 | |
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Thom
Trade: General Contractor/Homebuilder
Join Date: Nov 2006
Location: Albuquerque NM
Posts: 3,194
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Re: Credit CardsQuote:
I use my cc all the time. About $150,000 annually. Lumber, drywall, roofing, all the materials I can. It's easier than maintaining multiple supplier accounts. I don't need to set up a new account to work with a new supplier, AND I GET MILES. I earn about 5 round trips to the Carribean each year, free airfare. I use the trips for scuba diving. Some years I go over the $150,000 and that's the limit they will pay miles on. So I get 150,000 air miles for the year. CC's are way more convenient than carrying the checkbook or maintaining open supplier accounts. The balance gets paid every month so no interest charges. |
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#13 |
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Pro
Trade: Residential General
Join Date: Mar 2007
Posts: 398
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Re: Credit Cards
A lot of people want the miles and they pay it off at the end of the month.
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#14 |
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Pro
Trade: Residential Contractor
Join Date: Feb 2004
Location: Jensen Beach, FL
Posts: 10,475
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Re: Credit Cards
The miles are coming to an end and they only apply to retail tickets. Not too long ago I got r/t from PBI to KPVD for $82 on the web. The miles aren't worth the hassle.
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You can't solve you're problems with the same level of thinking that created the problems. Albert Einstein |
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#15 |
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Systems Fanatic
Trade: Painting
Join Date: Jun 2004
Location: Houston, TX
Posts: 415
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Re: Credit Cards
[quote=Teetorbilt;225755]IMHO anyone who has to resort to CC's to pay for big ticket items has financial problems. Only somebody in trouble or a financial idiot would pay those interest rates.[quote]
I don't disagree. But I'm not a financial advisor. I'm a painting contractor. I've accepted credit cards for more than 12 years. I've yet to have a customer contest the charge. I think that's a red herring. Brian Phillips |
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#16 |
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Pro
Trade: Residential Contractor
Join Date: Feb 2004
Location: Jensen Beach, FL
Posts: 10,475
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Re: Credit Cards
I'm just going by what I know (financials and CC interest rates +++) and what I hear from others. It might best be said that we have many ethnic communities, I don't want to end up like Imus.
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You can't solve you're problems with the same level of thinking that created the problems. Albert Einstein |
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#17 |
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Member
Trade: painter
Join Date: Aug 2006
Posts: 47
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Re: Credit Cards
If people want to pay for a paint job with their CC and pay the intrest rates thats their business.
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#18 |
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Pro
Trade: Painting Contractor
Join Date: May 2006
Location: Mass
Posts: 687
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Re: Credit Cards
I've been toying with the idea myself lately... But I have to be honest.. I think like teeter... thats the only thing that holds me back.
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#19 | |
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nick@nite
Trade: Painting
Join Date: Feb 2007
Location: Mass/RI
Posts: 1,022
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Re: Credit CardsQuote:
I am sure if you advertise that you take cc cards it will be a plus for your marketing. I am going to do it just cannot find a decent company to go with yet.
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#20 |
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Member
Trade: Paint & Tile
Join Date: May 2006
Location: Tennessee
Posts: 45
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Re: Credit Cards
I'm with Teetor on this one cc scare me. if people would just live within their means. I have a VISA debit card but i have no intentions on trying to pay for home repairs with it either.
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