Author Topic: Should I bother with credit cards?  (Read 1113 times)

geekette

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Should I bother with credit cards?
« on: March 04, 2019, 08:55:04 AM »
This is not real entrepreneurship, but a one off opportunity to sell stuff I like to make to a small group of people who would use them (knitting bags to knitters at a knitting retreat).

One evening of the weekend they're having a "market" where participants and instructors can sell.  I've been approved to sell.  Yay. Then I thought about accepting credit cards, taxes, and reporting income.  Bleah. 

Should I just accept cash?  I'm only anticipating about $200, if I'm lucky (50 people, multiple bag sellers).  Previously, I'd only "sold" knitting bags to a local yarn store in exchange for store credit, which got old.

YttriumNitrate

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Re: Should I bother with credit cards?
« Reply #1 on: March 04, 2019, 09:07:46 AM »
Just accept cash for the time being. If this turns into a regular event, then it's time to think about accepting various other forms of payment.

HipGnosis

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Re: Should I bother with credit cards?
« Reply #2 on: March 04, 2019, 10:50:56 AM »

Rick Imby

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Re: Should I bother with credit cards?
« Reply #3 on: March 27, 2019, 08:25:14 PM »
Paypal is really easy to setup to accept credit cards.  Also works for selling on Ebay and Etsy.

Good luck

kenner

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Re: Should I bother with credit cards?
« Reply #4 on: March 29, 2019, 10:14:33 PM »
Depends who you're selling to, but I've had zero issues not accepting credit cards--I advertise cash, Paypal, and Venmo, and I think I've had one person in four years not be able to buy what she wanted (and the issue wasn't electronic payments, it was apple vs android platforms)

tralfamadorian

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Re: Should I bother with credit cards?
« Reply #5 on: March 30, 2019, 08:44:17 AM »
I would get a square plug in for your phone/tablet. Last I checked they were free and easy to set up and use (no monthly fees, etc).

Rick Imby

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Re: Should I bother with credit cards?
« Reply #6 on: April 10, 2019, 05:33:21 PM »
Sales tend to be larger when put on a credit card.  Human nature, there are stats out there saying that the average sale is larger when put on a credit card.  It is really easy to setup.  Spend 5 minutes at your local gas station and see how many people don't carry cash.

chasesfish

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Re: Should I bother with credit cards?
« Reply #7 on: April 14, 2019, 06:37:23 AM »
I would get a square plug in for your phone/tablet. Last I checked they were free and easy to set up and use (no monthly fees, etc).
Second the square plug

PMG

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Re: Should I bother with credit cards?
« Reply #8 on: April 14, 2019, 06:51:06 AM »
I wouldn’t do square for a one off event, especially if you aren’t planning to report the income. But PayPal/Venmo/ cash app would do nicely!  Make sure you have that info on a nice legible sign or two!