By in Business

I feel like a proper business person now

I am putting 100% into my new business with a view to being able to go part time at my regular job sometime in the near future, if not giving it up completely.

Business is going really well actually, I am selling lots of stuff and getting great feedback. Something dawned on me recently though - I attend a lot of table top sales and similar events. At these types of events no one takes card payments therefore all the stall holders are literally competing over the cash people have in their pockets. Because of the fact that no one takes cards, people often wont buy more expensive items because it wont leave them enough cash to spend at the other stalls.

A credit card reader seemed the obvious solution.

Its so amazing that you can just connect this box to your phone via Bluetooth and that allows you to take card payments, the money is then transferred into your account within a few days.

My reader arrived yesterday and it was really easy to set up using the app that accompanies it. I put a £1 transaction through just to check it was working and it was so easy to do. All you do is open the app, type the amount you want to charge into the app and hit the charge button. The customer then inserts their card and types their pin, or if their card is contactless they just tap it. I can also accept android and apple pay as well which is quite exciting, even if I haven't actually ever heard of anyone actually using their mobile in place of a credit card.

I also set up my accounting software which was much easier than I thought it would be. So now I feel like I am a proper business person!


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Comments

MegL wrote on July 15, 2017, 1:03 PM

That's great. Yes, I have seen these advertised and the cost seems very reasonable. I might get one later in the year. Most of my business is done online but the returns are starting to build up! Need to be able to sell them (boots and shoes) and probably local car boot sales might be good. Mind you, I would need to get a smartphone first!

Last Edited: July 15, 2017, 1:06 PM

melody23 wrote on July 15, 2017, 1:17 PM

The one I have is very reasonable, only £29 +vat to buy it then its only 1.75% flat rate on each transaction. there are cheaper ones out there but if you read through it they are only cheaper if you turn over more than 5k a month which I definitely wont be doing anytime soon so this is the best deal for smaller businesses. You do need a smart phone though!

Kasman wrote on July 15, 2017, 4:18 PM

What will they think of next! The ability to take card payments should give you an advantage over rivals.

lookatdesktop wrote on July 16, 2017, 3:38 PM

Good luck with your own business. Now you will be able to choose what prices you want to set for each item you sell and realize good profit.

melody23 wrote on July 16, 2017, 5:03 PM

That's what I am hoping. Plus I'm thinking of stocking some of our more expensive items for events - no one will buy those with cash because they then wont have enough cash left on them for the other stalls. I also think it makes me look a bit more legitimate as a business. Only downside is that it does rely on having a mobile internet signal which with one of the events I go to regularly can be a little hit and miss - I may need to ask them if I can have a stall near the door and see if that improves things.

AliCanary wrote on July 21, 2017, 8:58 PM

Very professional! My husband and I had a booth set up at the flea market, and we accepted credit cards. It was very easy to make larger sales by doing that. You are very smart!

melody23 wrote on July 22, 2017, 6:42 AM

That's exactly what I am hoping, giving it its first test at a stall tomorrow