Top 10 Affordable Tools for Small Business Owners #2 – Square

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PayPal is great for accepting credit cards online, but if you’ve always wanted to accept credit cards in-person and thought it was too expensive or didn’t want to mess with cumbersome equipment, then this app/gadget is for you!  Square is totally free (you don’t even pay shipping for the card reader that plugs into your smart phone) and super easy to get set up. You pay only 2.75% per swipe – NO monthly fee – and your funds get automatically deposited to your designated bank account. Funds are usually available the next business day.

This is a great tool for most small businesses, but especially for those in direct sales who would like to accept credit cards at home shows, trade shows and special events. If you want to accept credit cards over the phone, you also have the option of entering transactions manually. The fee for this method is just 3.5% + 15 cents per transaction. So what are you waiting for? Grab your Droid or iPhone and start accepting Visa, MasterCard, American Express and Discover today!!