Our clients have the expectations to pay with credit card so they can receive those fantastic travel/grocery/everything else points. As design professionals we need a secure method for accepting credit card payments, but setting up the ability to accept credit cards can seem overwhelming. How do you choose a system that works for you?
There are two general ways you can accept credit card payments.
1) In person using Hardware
With the hardware option there are two main variations.
The first is a POS ( point of sale ) system. Best for a brick and mortar stores. Offers a variety of options from EMV cards (chip credit cards) to NFC payments (Apple and Android Pay). Typically requires are merchant account.
The Second is mobile credit card processors. Best use for businesses on the go. Typically uses a dongle or app that lets you easily accept credit payments from a mobile device
(smart phone or tablet). Typically does not require a merchant account.
2) Remotely via online payments
Doesn't require any hardware to process a payment. Allows customers to pay invoices and make purchases anytime, anywhere. Think of e-commerce, whether it's for a product or a service. Online payments integrate into your website, shop, blog to offer a convenient option for your customers to pay by credit card. Online payments typically do not require a merchant account.
Only you will know which option is best for your interior design business. You'll need to evaluate how your business operates while considering the different options.
If you run a brick and mortar store, selling both products and services-consider the hardware option. With customers coming in and out of your store/ office and you need a secure way to process clients purchases. Consider looking at Square they have both have a solution for accepting EMV cards via your phone or NFC.
If you sell services and need to invoice but don't have a physical location office or store front that you meet with clients on a regular basis, consider online payments. Online payments don't require your clients to be with you or require any extra hardware. Online payments are secure, and safely encrypted with improvements constantly being made to keep security at its highest. They give your clients the flexibility to pay an invoice/ make a purchase at any time. No need to take extra time out of your business to meet with them in person to collect payment.
Of course, if you're an Interior Design professional with a Mydoma Studio account you can safely and securely accept credit card payments from within your studio.
If you're not already using Mydoma Studio, signup for a free trial today to get started.