payment methods at card shows

steve B · #1 03-19-2018, 03:38 PM

I have a friend who has Square, and the makerspace also had it for their retail space. It's pretty impressive, as it's not just a card processor, but has a lot of inventory management stuff that comes with it. You don't have to use that, but it's there. The basic thing works with a phone or tablet, and is a simple card reader. But it can be setup with a lot of optional stuff, a chip reader -Possibly a big plus, barcode scanner - maybe not so useful depending on inventory, There's a tablet stand that's pretty cool, and it also has a variety of cash drawers available.

bigfish · #2 03-19-2018, 03:49 PM

Can I ask why you’re r skittish about taking cash for purchases over 200 at shows?

darwinbulldog · #3 03-19-2018, 03:52 PM

Just prefer not to be robbed and figure it's more likely if there are people around who know I'm carrying hundreds of dollars in cash.

bigfish · #4 03-19-2018, 03:54 PM

Makes sense I guess. There are some unsavory characters in this hobby!!!

joshuanip · #5 03-19-2018, 03:59 PM

Would love to have people accept venmo. Its another form of pp friends and family. But really easy to use.

GasHouseGang · #6 03-19-2018, 04:24 PM

Quote:

Originally Posted by bigfish

Makes sense I guess. There are some unsavory characters in this hobby!!!

Really? Where?

vintagetoppsguy · #7 03-19-2018, 04:52 PM

What prevents chargebacks? What's to keep a buyer from saying that their credit card was stolen and fraudulently used? I've thought about using Square too, but how do you protect yourself as a seller?

chalupacollects · #8 03-19-2018, 05:04 PM

Quote:

Originally Posted by vintagetoppsguy

What prevents chargebacks? What's to keep a buyer from saying that their credit card was stolen and fraudulently used? I've thought about using Square too, but how do you protect yourself as a seller?

Typically if a cardholder calls in lost/stolen, the liability falls on the card issuing bank. Cardholder may only get dinged up to $50 by law and merchant has no liability (unless of course they are scamming.) That's a bigger problem if and when caught...

Also the fact that the card is swiped and a signature is obtained on a receipt or pad and now a chip being read help cover the merchant (you should compare signatures to card reader to back of card by the way) All of those help prove that the card was physically in the merchant's hands or at his/her establishment. Lessening any fraud claims...

As for chargebacks card holder has to have a valid reason for it...if its buyers remorse you may wish to refund and take item back if not damaged, swapped out etc...as good customer relations.. If they claim damage on a face to face transaction it is very tough to prove from the cardholders standpoint...Time to institute a chargeback is also limited by most credit cards and varies greatly...

Fear of chargebacks in retail environment are very low on the risk scale as compared to Mail order/phone order/internet sales...same with pin-based debit cards...

Think of it as plus business, you have something a customer wants - make it easy for them to buy it!

timzcardz · #9 03-21-2018, 07:25 AM

Quote:

Originally Posted by darwinbulldog

Just prefer not to be robbed and figure it's more likely if there are people around who know I'm carrying hundreds of dollars in cash.

FWIW, "hundreds of dollars of cash" ain't what it used to be!

I don't know if I am anywhere near a typical buyer, but based on the complaints from many dealers about how slow business is, I likely have way more cash in my pocket than they do.

I only buy with cash and will have enough money to buy anything that may strike my fancy within reason.

rsdill2 · #10 03-21-2018, 08:16 AM

I've set up at shows about 10 times. I have a square reader but never used it at a show. From my experience, everyone brings cash to a show, but the square reader is free so why not have one just so you don't miss a sale.

Snapolit1 · #11 03-21-2018, 09:36 AM

Last few shows I attended bigger ticket items were paid by PayPal on the spot.

Seems like everyone is using Venmo these days. (Another very good reason to buy PayPal stock IMHO.)

Aquarian Sports Cards · #12 03-21-2018, 09:41 AM

I use my square every show, I also have credit card placards displayed. I think it definitely attracts buyers to advertise they have options at your booth.

darwinbulldog · #13 03-21-2018, 12:52 PM

Thank you all for the feedback. I'll be set up at the Ft. Lauderdale/Dania show next month if you're in the area.

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