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Tuesday, October 23, 2012

1267. Electronic payment



Bob asked: I need to be able to receive payments electronically, and I don't have a merchant or credit card account set up. Is there some way I can get paid?

Yes, getting paid is good, and there a lot of online options for getting paid these days. One of the most popular is to use PayPal. You go to Paypal's site (https://www.paypal.com), sign up for an account and you can get paid, online or using a credit card. Taking full advantage of all the features that PayPal offers takes some effort, but you can certainly take credit cards and get paid, with some small fees.


If you want to accept actual credit card swipes there are a number of different companies that provide little readers that you can attach to a cell phone or a tablet device. Paypal and Intuit both provide simple credit card readers that attach to your device.

My favorite is Square. Their software is easy to use and elegant, they pay quickly, and their fees seem to be the smallest in the business. Go to their site (https://squareup.com) and sign up for an account and you can accept credit cards swiped on site using a cell phone or tablet. You'll also need to download their app to your device. The Apple Store sells their reader for $10 with a similar credit in fees, so the reader is essentially free, or you can order one from their site for free. 

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