The cheque is nearly dead………..is cash dying too?

[thompsonbrown]

Had a customer ask what discount I would give for a bank transfer.

 

[TJ Smiler]

Never had a cheque myself.... Always seem to get a transfer or cash, prefer getting cash myself. Am thinking of getting one of them pay by credit card things on my phone, reckon it would be really handy to some customers.

Just can't beat the feel of cash though!

 

[High Peak Tiling]

I must be slighty backward being up in the countryside then.
Cash or cheque only for me.
I think if I was to move forward it would have to be to erase cheque payment and replace with a secure card machine like [MENTION=32169]Bubblecraft[/MENTION]

 

[Bubblecraft]

I don't accept cheques unless payment is more than £10k or payment exceeds the card limit. Card is the way forward. Cash is always good though

 

[Peter]

How quickly do you get your money out of a 3rd party card handler Gus and what is the fee?

 

[Andy Allen]

And what percentage do you pay to the card companies. .

 

[stusgsx]

I get paid via BACS 80% of the time. There's usually no one in when I'm finished and I don't feel comfortable asking for a cheque before I've finished. Will normally send invoice a day or so later with BACS details. If still nothing after a week then they get an email saying just checking you got my last email and that usually prompts them to pay.
Think I might be too relaxed!

 

[Gazzer]

And what percentage do you pay to the card companies. .

I think its about 2.8% but cant be sure. I may get one soon but I will just add the cost to the bill.

 

[Bubblecraft]

And what percentage do you pay to the card companies. .

I pay 2.75% of the transaction for credit cards & 75p per transaction for debit cards. I take the hit on the cost for many reasons.

 

[Peter]

How long til you get your cabbage in the bank after the transaction?

 

[Gazzer]

How long til you get your cabbage in the bank after the transaction?

That I dont really know ???

 

[Andy Allen]

I think its about 2.8% but cant be sure. I may get one soon but I will just add the cost to the bill.

how would you do that neal, just add a certain percentage on every job, or tell a customer they can pay by credit card but it will cost x amount more........can see it being a bit of a minefield if trying to add more money on the job when finished......no dout they will end up paying cheque anyway to save money.....lol

 

[Gazzer]

I would just ask how they want to pay and add the cost on if the wanted to pay by credit/debit. If they dont accept that then they can still pay by other means. Afterall I am paying the cost of the machine and phone data.
I have been asked only a few times in the past if I took credit /debit cards but I do feel "some" will like it and "some" wont. At least nowthey have that choice.
I know I pay by debit card for most things now .

 

[Bubblecraft]

How long til you get your cabbage in the bank after the transaction?

In the bank after 3 working days. All fees are accumulated & paid at the end of the month rather than it being taken off before you get the doe

 

[gamma38]

Mostly BACS for me as well, invoice with my details at the bottom. I always ask the customer before i leave the job how they intend to pay, most of the time this gives them a nudge to either paying or sorting out payment. Touch wood i don't have too many issues.