Saturday, February 5, 2011

Running Credit Cards

Another Update: Square has now dropped the 15 cent charge per swipe. This handy little device is a Scentsy business necessity. (I'm my opinion.)

Update: I found another CC company that offers special rates to Scentsy Consultants. Here is a list of fees she charges for comparison:

On a $100.00 transaction:
Let's say it's a rewards card and you're paying 2.30% = $2.30
Plus our .10% = 10 cents
Plus .15 cents per transaction = 15 cents
Total = $2.55 for the $100.00 charge.
+ ROAMpay will charge $9.95 per month for the ability to be mobile with your swiper.


As a Scentsy Consultant you can run credit cards through your workstation when you are processing an order. Scentsy will process your credit card payments free of charge for you which is a great benefit to your business. (Not all direct sales companies do this.)

If you are doing a fair or show or have customers that want to buy your "on hand" items and pay with a credit card, it can get a little tricky. Fairs and shows in particular usually need a credit card machine. I have never had one because they can be pricey to set up and maintain.

My husband recently found a Smart Phone application called Square. A friend of his in his office building uses this app and says it's great. I've now opened an account with Square and ordered a free credit card swiper that plugs into the ear phone jack on my Smart Phone. I recommend that you check into this company by going to their website squareup.com. You can open a free account and they will send you a free swiper which will make it possible for you to take credit cards without entering an order.

This service is currently only available in the US. (I think we should write in and request that they expand to Canada soon!)

Here is the list of fees they charge:

2.75% + 15¢ for swiped transactions

3.5% + 15¢ for keyed-in transactions

That's it! There are no activation, gateway, monthly, early termination, hidden fees or any additional costs to use Square. Every credit or debit card we accept (Visa, Mastercard, Amex and Discover) have the same flat rate. These fees are static and do not change depending on how much the transaction was for. As our fees are taken out of each transaction as they occur, there is no fee schedule. Square also does not require a contract upon signup and since we only charge per transaction, it doesn't cost you anything if you don't use it!

If you decide to try it out, write in and let us know how it's working for you.

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