Thousands of people sell their products at local swap meets and they spend considerable amount of time to prepare for it. The goods that are sold in a swap meet include posters, old LPs, sunglasses, furniture and many other items. If you have a business that operates at the swap meets then you should have realised by now that accepting just cash will not help your business to make any sales. Today, to motivate people to make purchases you should have the capability to process credit card payments from them. This will also help you stand out in the competition. And at swaps each and every merchant is competing against every other merchant to attracting the attention of the customer. Given below are methods to accept credit card payments from customers by using laptop or cell phone.

With your Cell Phone

When you are filling an application form to get a merchant account, there is a column asking you whether you would like to have a terminal. If you tick yes then you will get the equipment on lease for a period of 2 years. In the beginning you may think that the monthly charges are very small however, in the long run it will become very expensive. If you are only having a stall at the swap on weekends then the credit card terminal will eat the largest portion of your profits.

There are some merchant accounts that can work without the use of a terminal or any other software. With these merchant accounts you need to collect the details of your customer’s credit card and then give those details to your bank for verification. If it is verified then the transaction can be processed.

Most people at the swap only record the credit card details of their customer and process the transaction only at the end of the day. This poses very high risk as the credit card will not have sufficient credit balance to be cleared. And at that time there is no way to get your product back. It is a much safer method to process the payment while the customer is still there.

With Your laptop

If you don’t want to use your cell phone for processing credit card payments then you should use your laptop. The only requirement is: you should be able to connect to the net. Once you are connected you should enter the details of your customer’s card such as expiration date, security code, card number and a few more. A few seconds after you click submit, the transaction will either be approved or declined by the merchant bank.

Which one is best for you?

Consumers at swap meets prefer to pay only be credit cards and therefore go only to those businesses where it is accepted. Most of the times the consumers will not even have any cash with them. Therefore, if you want to sell some products and make a few bucks then start accepting credit card payments. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.