I'd be leery of taking credit cards for some things because of how easy it is for someone to get a charge back - if they call their card company, the company default assumes they're right and it's up to the merchant to prove otherwise, and in the meantime the money is taken from the merchant's account.
Given the Crazy Boarder stories, I don't know if I'd take credit cards running a boarding barn...
kdow, no, it's not that easy to get a chargeback. The cc companies have to investigate the claim, but I really don't see them allowing someone to board their horse and not pay for it.
And it's WAY easier to write a check and then stop payment on it. And if someone is going to rip you off, they will find a way. Inconveniencing your good customers because you fear a ripoff is not good business.
The last place I boarded the owner opened the place and had it CC ready from day one.
He never had issues with late board or bounced checks.
I ended up using it for the same reason Coreene mentioned: the point are fantastic!!!
It works awesome IMO. However for those folks that don't keep up on CC payments or only pay bare minimums, it's a great way to get buried in debt really easy and really fast.
I used the Amex which has to be paid off every month anyway, so no issues there.
he also did prepaid cards...for lessons, etc. People could come in and buy gift certs or prepaid cards for so many lessons or whatever.
My vet takes cards, my farrier doesn't. I have one CC used only for the animals for vet bills. And a checking account that's only for the barn/horses for everything else. (feed, shoes, hay, bedding, wormer, etc) That way it's really easy to track exactly what the boys cost. In one way it's great...however having an easy annual total of cost can also be depressing, LOL!
You jump in the saddle,
Hold onto the bridle!
Jump in the line!
Interesting tabula rashah. Do you know if it's easy to use, what kind of fees are associated, etc?
Yes, it's fairly easy- we have our merchant bank run everything through our Peach Tree accounting software. Fees run around 3% and we only accept MC and Visa (I believe Amer Ex charges higher merchant fees).
I think it's very worth it if you are doing a high enough volume of business that you can eat the 3%.
I'm good at being uncomfortable so I can't stop changing all the time -Fiona Apple, Extraordinary Machine If I were your appendages, I'd hold open your eyes so you would see- Incubus
Wow, auto transfer would be an even better idea. Most, if not all of my bills are paid that way, one less thing to worry about. Only problem, I never balance my checkbook maybe once a year, if that. Thank God I have a SO that likes to play accountant, in his spare time.