I need a bit more time with Credenza before I can give it a meaningful review. Until then, I wanted to share something with you. My personal attorney introduced me to a cool app that really helps him out (he’s a sole-practitioner). It’s called Square, and it’s available for Android, iPhone and iPad for free. It’s a credit card processing service that is so easy, a caveman small-firm can do it!
No sign-up fees, no monthly account fees, no annual fees, no early-termination fees, no contracts and no hidden costs. It’s as simple as 2.75% of the charged amount when swiping the card, or 3.5% + $0.15 if you enter the card number manually – that’s it. No, seriously, that’s it. You can use it as much or as little as you’d like. If you don’t want it anymore just delete your account, and the app, and then stop using it – no cancelation fees.
Obviously, I was skeptical when he told me about it – I mean, I know as well as anyone that when it comes to credit card processing, there is always a catch (some hidden clause that you consented to by pressing ‘0’ for the operator). Well, sure enough, it’s the real deal.
Download the app, create an account (either personal or business), add the bank account you want the money to go into (either personal or business), and then just do business. They even send you the credit card reader (the thing you swipe the card in) completely for free – shipped right to your home or business.
Wherever you are, so long as you have your phone with you, it’s as simple is plugging in the tiny reader directly to your phone (see picture), swiping the card, charging the amount, having the client use their finger or stylus to sign, and entering in the client’s email or phone number, at which point the system either emails or texts them a receipt for their purchase.
When my attorney used it to debit for the services I needed, he swiped my card once, entered the amount, I signed right on his phone, and then he processed the transaction. Within 30 seconds I got my receipt via text message – done deal. No glitches, no delays, no errors – nothing. Plus, my attorney told me that payments are processed into his account in three to five business days.
I look at it this way: you don’t want to pay 2.75% to a credit card processing service – I get it. But, when push comes to shove, isn’t collecting 97.25% of your receivables better than collecting 0%? So there you have it, credit card processing so easy…a small-firm can do it.
Maybe you know of other good alternatives – leave it here. Otherwise, just keep reading Legal Loudspeaker.