Can you accept credit cards personally?
Yes, you can! Most people think that accepting credit cards is just for big businesses and the occasional corner store, but in case you haven’t noticed, more and more companies, both large and small, are able to accept credit card payments. On the internet in particular is where you can expect to find people that accept credit cards personally. Take a look at popular auction sites, for example. Many individuals on there run their own online stores, and for whatever reason don’t want to use online payment processors like PayPal, and instead choose to use third party payment processing systems in order to accept credit cards personally.
Why accept credit cards personally?
The better question is, why not? Why put yourself at risk for fraudulant money orders and bouncing personal checks? Why be stuck with the limitations of an online payment processor that doesn’t always play nice with every person that tries to sign up with them? Accept credit cards personally, and you’re playing on the turf that everybody enjoys. Accept credit cards personally, and hawk your wares and services all over the internet, and rake in the sales from people who are happy to use a secure and fast payment method — their credit card!
How much does it cost to accept credit cards personally?
The cost to accept credit cards personally is generally not out of reach. Start-up fees are generally lower, and while transaction fees may be a bit higher, they’re still not enough to outweigh the obvious benefit of using a service to accept credit cards personally. Besides, while you may have to pay slightly higher transaction fees, there are many other types of fees you won’t have to pay, including gateway fees, statement fees, and quite possibly batch and report fees.
Begin to accept credit cards personally
Overall, it is very easy to qualify with a merchant account provider in order to accept credit cards personally. Traditional merchant accounts may be out of reach for many low-volume and/or high-risk businesses, so they should look to trying to accept credit cards personally as a good alternative. When you accept credit cards personally, you do incur slightly higher transaction fees, but you don’t have the other fees, including statement and gateway fees. To get started, make sure you qualify as a small business, or don’t qualify for other types of merchant accounts, and then find a merchant account provider that will allow you to accept credit cards personally.