After sitting on the sidelines for a year while I concentrated on some other career paths, I’m trying to get my furniture business moving forward once again.
In the past, product went to a local gallery owner who cut a check immediately, or work was done on custom basis with 50% down and 50% on delivery with absolutely no problems collecting.
Now, I have an opportunity to exhibit at a small local furniture exhibition and I’m hoping to make a few cash-and-carry sales on-site. My business is registered and I already collect and remit sales tax. I’ll take cash and checks, but I’d also like the option of accepting credit cards for payment. I have a personal PayPal account and I see that they offer credit card processing with their virtual terminal service. It seems like an easy, inexpensive option for getting started given that I can bring my laptop with a wireless broadband card and be online and ready to charge. I need to dig a little deeper on PayPal’s site to learn more about the service and fees…and I should call my own bank where I have my business account to see what they offer.
Can anyone share their experiences with this? Are you making walk-up retail sales in your shop or on-site at craft shows or similar exhibitions? What forms of payment will you accept? (Realizing of course that cash is king!)
In addition to the convenience or comfort level of processing a credit card, there’s always the fear of accepting a bad check at these things. What options for protection do I have for that?
As always, your input is greatly appreciated.