Originally Posted by Mike:
I use Square and Paypal for payment options in my businesses. There is the small fee doing it that way, but for me, the various payment options are worth it. I've seen some businesses accept credit cards but with a small fee added due to the cost. Maybe they're willing to pay an extra 2-3% to pay by credit card.
You can only get away with that in certain states, so check the laws in yours for taking CC's... You could for future just raise fees enough to cover the extra 3% & offer a discount for cash payers. And the fees are deductible on taxes next year - it's part of doing business. I am in a state that allows, but I was in one that doesn't allow the 3% add on so I understand how to work it both ways