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[artshow_photo] Credit Card processors

 

Ran across an interesting website. www.feefighters.com They basically are a site that allows you to have credit card processors 'bid' for your business. Interesting concept. They also have a blog of some great articles, like making sure that you are getting interchange plus pricing rather than arbitrary markups on your transactions.

There is also a useful tool for comparing Square pricing to a more typical processor. Tool is a bit buried but the link is http://FeeFighters.com/square-calculator.

One thing I learned is that we all seem to focus on the lowest rate for a fully qualified card nearly 80% of transactions today are at the 'mid rate' since they are done with affinity cards. And that rate is almost always higher than the the lowest rate.

As a side note, if you try the Square and have an iPad you can upload photos of your art to use during the invoicing process. Photo can have a description and price. Invoice to customer in email format includes the image for reference.

Gary
www.reflectionsimaging.com

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