In-House Credit and EFT - Page 2

cametotalktan · 03-09-2006, 11:45 AM

what am i a bank! Cripes, if you have to ask how much it costs, you can't afford it. I wouldn't extend credit even to my best, If they are my big spenders and the best they would never need to ask for credit..

rgm824 · 03-09-2006, 11:49 AM

Quote:

Originally Posted by goldensun335

How often do you deal with people cancelling cards to avoid payment? Or any other hassles?

very little...yet..it's been up and running for about 5 months now and so far only one problem...we have about 70 people on the eft. so knock on wood no future probs...

ChrisSBT · 03-18-2006, 11:37 PM

When I bought the salon it had EFTs set up through a company that charged $50/month plus a % and only did checking account debits. If there wasn't enough in the account I had to call the customer and take care of it. I checked with my credit card company and they sold some software to me for $350, set another merchant # for the software at no charge with no monthly fee just % (less than the company charged) and now I do all of my own (a couple minutes to set up a new client then twice a month I hit the send button to process all for that date) and I can take credit cards and debit cards.

newbiemo · 03-26-2006, 10:20 PM

I run EFTs and have done this in-house credit thing too. The in-house works like this though, they refer a new person who in turn buys a package and I will credit their account $10. They can only use $30/mo which is still short on a one month package. They all love it cuz they can build up the credit, I love it cuz they are sending in new clients for new packages. It's a win/win situation.

03-09-2006, 11:45 AM	#11 (permalink)
cametotalktan I love Derf!! Join Date: Jul 10 2004 Location: california Posts: 4,970 Rep Power: 35	Re: In-House Credit and EFT what am i a bank! Cripes, if you have to ask how much it costs, you can't afford it. I wouldn't extend credit even to my best, If they are my big spenders and the best they would never need to ask for credit.. __________________ When I grown up I want to be Angerfant.....

03-18-2006, 11:37 PM	#13 (permalink)
ChrisSBT Join Date: Mar 12 2006 Location: NORTHERN CALIFORNIA Posts: 13 Rep Power: 0	Re: In-House Credit and EFT When I bought the salon it had EFTs set up through a company that charged $50/month plus a % and only did checking account debits. If there wasn't enough in the account I had to call the customer and take care of it. I checked with my credit card company and they sold some software to me for $350, set another merchant # for the software at no charge with no monthly fee just % (less than the company charged) and now I do all of my own (a couple minutes to set up a new client then twice a month I hit the send button to process all for that date) and I can take credit cards and debit cards.

03-26-2006, 10:20 PM	#14 (permalink)
newbiemo Join Date: Dec 12 2005 Location: OK Age: 39 Posts: 68 Rep Power: 0	Re: In-House Credit and EFT I run EFTs and have done this in-house credit thing too. The in-house works like this though, they refer a new person who in turn buys a package and I will credit their account $10. They can only use $30/mo which is still short on a one month package. They all love it cuz they can build up the credit, I love it cuz they are sending in new clients for new packages. It's a win/win situation. __________________ Happy Tannin'

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