For freelance work, I usually receive payments by check, and occasionally cash. Now I have a new option to consider: credit card.
Square is a free credit card reader that plugs into your iPad, Android, or iPhone. For a 2.75% fee per swipe, you can accept all major credit cards and have payments deposited to your bank account in 1–2 business days.
I’m definitely sold on the idea of not having checks to lose and not having to make trips to the ATM or bank. The transaction fee is reasonable enough for me or the student to pay, depending on how I choose to handle it. And since most people carry a credit card more regularly than a checkbook, missed payments are more unlikely.
Based on the reviews in the app store, I think the most significant drawback to using Square is their lack of customer service. If something goes wrong, there’s no phone number to call. This might be a deal breaker for me. PayPal is offering a competing service, PayPal Here, but it isn’t available to the general public yet.
Teachers, coaches, accompanists: Would you or do you already accept credit card payments?
Students: Would you pay by credit card if the option were available?
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