Pavement Maintenance & Reconstruction June/July 2021

Page 46

From the Owner’s Desk

Nick Howell

Should Business Owners Accept Payment in Plastic? COVID-19 has accelerated the move to cashless payments NOT TO DATE MYSELF, but it wasn’t too long ago that it would be absurd to buy a small item with a credit card. I distinctly remember looking over my shoulder to avoid the stare because I was buying a hot dog with a card.

46

Well, times have changed. Now, not even counting the current COVID-19 cashless way of life, credit cards are the norm. So much so that nowadays, if you pay with cash, you might get that awkward stare. So comes the question, do you, as a business owner, decide to accept cards and pay their associated fees? I will say emphatically, yes. It’s much easier to accept cards now, and also much cheaper than ever before.

Fortunately, in our line of work deciding whether to accept them is less of an issue than for a convenience store, but it still deserves some consideration if you are not taking them. Let’s first look at why one wouldn’t. Generally, the biggest reasons are the fees. The processors will charge you a monthly fee and a per-transaction fee of several percent. The bottom line is it will cost you to take a card. I think it’s all in

June/July 2021 • Pavement Maintenance & Reconstruction • www.ForConstructionPros.com/Pavement

PVM0621_46-47_OwnersDesk_JD.indd 46

5/24/21 3:59 PM

ho “I’l bu do fee com to car

to ba the wi pu co sid of yo sib mo

ad iss


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Pavement Maintenance & Reconstruction June/July 2021 by ForConstructionPros.com - Issuu