Results 1 to 7 of 7
  1. #1
    Member
    Join Date
    Nov 2014
    Posts
    41

    Flat Rate Processing

    Anybody here who has experience with flat rate processing? My friend recommended that I try it instead. Are there any hidden charges or does something like that depend on the company? Any advice?

  2. #2
    Senior Member
    Join Date
    Oct 2013
    Location
    Milwaukee, WI
    Posts
    1,151
    I'm not sure what you're asking... what is flat rate processing and what would it be used for?

  3. #3
    Senior Member
    Join Date
    Jan 2007
    Location
    Salt Lake City
    Posts
    1,044
    Square is probably the best known. Works on Android and Iphone. Best used with Ipad. Square readers are free. Square stand is $99.

    It's a flat 2.75%. There are no hidden fees. Unless you are doing well over 2 million per year, and can negotiate a special rate, you will not find cheaper. Pull out your statements. Do the math. With per swipe fees and paperwork charges and etc., you are paying way over 2.75%, even with a base of 1.69 to 1.89%.
    John Piquet
    caffe d'bolla
    Salt Lake City, UT
    caffedbolla.com

  4. #4
    Member
    Join Date
    Nov 2014
    Posts
    41
    Thanks for the replies.
    I'll definitely check out Square though I have been hoping to sign up with TSys since the credit card machines that I use are from them. I'm planning to go to my bank and see if maybe they can advise me in this. And you're right. I already did the math and I'm paying way, way over 2.75% in terms of processing fees.

  5. #5
    Member
    Join Date
    Nov 2014
    Posts
    41
    Is there anyone here who has a first hand experience with the provider mentioned or others that I may look into? Thanks.

  6. #6
    Junior Member
    Join Date
    Jul 2015
    Location
    Honolulu, HI
    Posts
    22
    It's my day job to advise people on this. Coffee is my passion work. Square are really good and have good customer service. Payanywhere are making a lot of noise in the space and are cheaper than square 2.69%.

  7. #7
    Junior Member
    Join Date
    Jul 2015
    Location
    Honolulu, HI
    Posts
    22
    Also your bank will usually try to sell you on their merchant service. If you bargain hard enough and have enough volume they can sometimes give you a better rate.

 

 

Remove Ads

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Wireless Credit card processing
    By CoffeeJunky in forum Coffee Industry Forum
    Replies: 0
    Last Post: 03-28-2014, 07:09 PM
  2. I need help with processing kopi luwak
    By unclrico in forum Coffee Industry Forum
    Replies: 2
    Last Post: 02-08-2012, 08:45 AM
  3. support with credit card processing unit
    By amappycymnCaw in forum Coffee Drinks
    Replies: 3
    Last Post: 10-08-2011, 02:00 AM
  4. Gift/Loyalty and Merchant Processing
    By kjanssen in forum Business to Business B2B
    Replies: 0
    Last Post: 11-17-2006, 03:01 PM
  5. Flat out - How much did it take to start up?
    By UtopiaCafe in forum Coffee Shops, Espresso Bars & Cafes
    Replies: 4
    Last Post: 09-22-2005, 11:16 PM