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Accepting cards


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Yesterday, at the GWCC downtown and I used some machines with cashless solutions.  First off, how much does this kind of stuff cost?  Does it actually pay off for you to use it (both in terms of money from sale and number of sales)?  What are the fees for processing?  Thanks for the help!

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Not a big deal. After you do some searching let us know if you have any questions. Welcome to the forum!! :)

Haha thanks!  This is one of the most useful forums I think I've ever come across. Better to learn from someone else's mistake than to make the same one. :lol:

 

I don't really understand how the payments get processed... Maybe someone with experience can shed light on how they get their money? :)

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Each card reader will send a batch every night to the backend processor you use.  Usually within 2 days you'll see the deposit from that batch into your bank account less whatever the exchange fee is which is typically 5-7% of each transaction.  Once per month you'll see a withdrawal of fees from your account for the monthly access fee.

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