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Credit card machine
1. Accepting Credit Card Payments At Your Gig -
Credit Card Machine
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By Satreun Lecock -http://creditcardswiper.org/
As a musician you can never ignore the fact that you are constantly running a business. Besides playing
live, and hopefully getting paid for it, there is a whole other market in merchandise going on at your gig.
Fortunately, at a gig, that is the perfect time to ask someone to buy something-while they still have you
in mind and still like you! Unfortunately, one of the biggest obstacles in getting someone to purchase
your products is the inability to accept credit cards (cc) at a gig.
There are a lot of companies out there now that are offering what is called a "virtual terminal." Instead
of using a credit card swiper or one of those old school carbon sliders, you can now type in all of the cc
information into the virtual terminal (VT). These VT's are accessed with a custom app on your computer
that connects to a service over .
Learn More About Credit Card Machine
Not to mention there are physical cc swipers, such as the mophine marketplace that attach to you
iPhone! That opens up a ton of opportunity. So by now you are thinking "wait! If we can accept credit
cards at gigs, we can accept credit cards at home over the phone, if someone wants to order something!
Or what about online! We can start .
2. Transaction fees: Everyone charges them and they can range from 1.9%-4% per transaction. Some of the
fee goes to the cc company and some to the processor. You may spend 30 cents on a t-shirt trans action
but that will add up over time. In addition to the transaction fees there are monthly fees involved with
most all services. This is where you need to read the fine print and ask questions! Don't assume there
are low transaction fees without a monthly fee or vice versa.
Scams: The credit card processing and merchant account services business is huge and it has its fair
share of less than desirable participants. Be careful and do your research! Go with well known reputable
companies and ask for a recommendation from someone you know and trust. This is essentially a bank
account so treat it accordingly.
Business entity: Now before you start telling your friends "of course I can lend you $20, I'll take a cc
payment from you next week", realize that this will require the establishment of a business entity of
some sort. This can be anything from a sole proprietorship to a c-corporation. In addition to this
requirement, cc processors require a bit of information to get started so they can weigh the risks.
Certain industries are prone to fraud and they want to know where you will be conducting yours! Take
all of this in consideration and start shopping. Stick with reputable companies and don't let anyone
pressure you into signing anything. And again, this is essentially a bank account so treat it accordingly!
So… What’s Next ?
To learn more about Credit Card Machine, Click Here: http://creditcardswiper.org/