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CREDIT CARD MERCHANT DISCUSSION & SURVEY

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Mike Labbe

Member, Former moderator team volunteer
CC & PAYMENT TYPES - MARCH '06 GRUMBLE POLL & DISCUSSION

RESULTS from previous surveys: LINK TO RESULTS

WHAT PAYMENT TYPES DO YOU ACCEPT?
WHICH TYPE IS USED MOST?
HOW DO YOU PHYSICALLY PROCESS YOUR CARDS?
DO YOU RENT OR OWN YOUR EQUIPMENT - and why?
HOW SHOULD ONE PROPERLY PREPARE TO EVALUATE VENDORS ON AN EQUAL LEVEL?
WHAT DO YOU THINK OF THE NEW HIGHER RATES STARTING THIS MONTH?


Discussion is encouraged!


CLICK HERE TO PARTICIPATE
 

Mike Labbe

Member, Former moderator team volunteer
CREDIT CARDS & PAYMENT TYPES - March 2006
WHICH PAYMENT TYPES ARE ACCEPTED AT YOUR SHOP?
97% Cash
97% Business Check
95% Personal Check
94% Visa
94% Mastercard
69% ATM/Debit
68% American Express
61% Gift Certificate(paper)
58% Discover
13% Diner's Club
10% Barter Company
09% Gift Card(electronic)
07% PayPal
04% Wire Xfer
03% Carte Blanc
01% JCB
01% OTHER (see forum)
01% Does not apply/None​
WHICH SINGLE PAYMENT IS USED THE MOST IN YOUR SHOP? (in $ volume)
52% Visa
17% Mastercard
17% Personal Check
05% ATM/Debit
03% Business Check
03% American Express
02% Cash
01% OTHER (see forum)
01% Does not apply (none)

HOW DO YOU PHYSICALLY PROCESS CARDS?
90% Standalone credit card terminal
06% Does not apply/None
02% Through our POS software
02% Knuckle Breaker
01% By telephone
MISC PAYMENT/PROCESSING QUESTIONS
69% We OWN our equipment
23% We RENT/LEASE our equipment
26% We have a merchant contract of 12 mos or more
27% We have a month to month merchant contract
26% Vendor provides paper/supplies free
69% Full card number does NOT print on customer copy
02% We don't ask for a signature for transactions below $50
20% We check ID's for new customers using a check
08% We check ID's for new customers using a card
38% We have a PIN PAD for customers using debit cards
61% We are happy with our current processing vendor
01% OTHER- A (please see forum)
05% None of the above apply to my business
 
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