- April 9, 2018 at 10:08 pm #181980
I just read through your article comparing credit card servers. I own a seasonal seafood restaurant with gross sales in the $450,000 dollar a season range. We have never accepted credit cards,but I am considering doing so. The fees are what gets me. i would obviously have to build the 2.75 for using Square for instance into the menu pricing. Would Square be more appropriate to our application or one of the others offered ? Sales in May run around $20,000, June $70,000,July and August, 175,000 per,and September around $25,000. Thank you.April 9, 2018 at 10:14 pm #182280
With seasonal sales and volumes in the ranges you mention, a traditional merchant services account from your bank or a provider like Cayan is probably a better option than Square. Square isn’t the best option for sellers that process sales in spikes since they often have sales thresholds based on your aggregate sales. High-value sales or a sudden spike outside of your usual trend can trigger a temporary hold, which is terribly inconvenient when you’re busy. A traditional merchant account is able to quickly approve or override any volume limits to deal with your sales spike periods. Hope this helps!
You must be logged in to reply to this topic.