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    Thursday, September 6, 2018

    Why does Square Register transaction fee lower than the rest? small business

    Why does Square Register transaction fee lower than the rest? small business


    Why does Square Register transaction fee lower than the rest?

    Posted: 05 Sep 2018 07:03 PM PDT

    I'm looking at this page on the hardware square uses (under pricing category). Why does Square register cost 2.5% + 10c while the rest cost 2.75% per transaction?

    submitted by /u/EndenDragon
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    [UK] I've just set up a Ltd company as a software contractor, how do I pay myself?

    Posted: 05 Sep 2018 11:46 PM PDT

    So I've just made the move from fulltime employment into contracting and needed a Ltd company set up. I've filled out the forms etc with Companies House and became incorporated.

    It's now evident to me that taking money out of the business is going to be more complex than I thought and I just need some advice on the best ways to do so.

    Happy to answer anything people need to know to help, it's one of those situations where I don't know enough to realise how much I don't know...

    submitted by /u/CaitForce
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    Small business owner possibly breaking labor laws, daughters 1st job, who can she turn to?

    Posted: 05 Sep 2018 07:57 PM PDT

    Our daughter just turned 18, is currently working at a mom and pop bakery, the owner makes all the employees stay typically an extra hour every night to clean up the tables, equipment, etc. and makes it very clear that they will not be getting paid for that time. A new issue that came up just this evening, she received a phone call from one of the other employees, they informed her that the air conditioning has gone completely out and that the owners have no intentions of fixing it anytime soon. She was also informed that everyone else refused to come in to bake tomorrow, and that she was expected to open the store alone and be in charge of all of the baking. Are things like this legal? If not, who can we tell her to contact? The owners seem to have a history of treating their employees poorly. They typically hire people that are either still in high school or get them through the employment programs from Goodwill. It just seems to me like they are taking advantage of young people that dont know any better and havent learned how to (or dont realize that they are "allowed" to) stand up for themselves while in the workplace. I assume labor laws can differ by state, likely some federal laws too. But ive also heard conflicting information stating that certain laws dont apply to privately owned businesses, which im also assuming is the category that this bakery would fall under? If it helps we live in ga. Sorry for the wall of text. My wife and i havent experienced anything like this ourselves so we really werent sure what to tell her to be honest. Our daughter came in for a short visit and was pretty upset about the situation. She just left and we told her that we would be more than happy to look into it. I figured, the folks on Reddit are typically pretty helpful, at least in my experience. So we told her we would start by posting a short version of a few things that are happening on here first, and while waiting on a response we would start researching state laws and possibly OSHA violations, Etc. I don't even know if not having air conditioning could be considered any sort of safety violation. But I figured it was at least worth looking into. Mainly because in the Georgia summer heat, I can't imagine how miserable it would be working indoors with no AC and baking cakes all day long. But again, we are going to go ahead and start doing our own research and see what we can figure out, any help would be greatly appreciated.

    submitted by /u/crustykeeb
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    Prime contractor says they wont pay me until they get paid. Should I accept this or push back?

    Posted: 05 Sep 2018 07:30 AM PDT

    I work regularly as a freelance subcontractor to a small agency of about 6-8 people. They get a lot of work (they claim to be booked out for over a year) and they have used me consistently for the last 12 months, 60-80 hours per month. They are good people and I trust them.

    We've agreed upon NET30 with no late fees. However, on about 50% of the invoices, they are 1-2 weeks late. When I inquire, they usually say that their client hasn't paid them yet so they cannot pay me until they receive payment first. That delay of 1-2 weeks can really jam up my cash flow.

    One one hand, I understand cash flow problems (they're giving me one!) so I can sympathize. This is a good client and I dont believe they are trying to be deceptive or scummy. On the other hand, when I have subs, I always float the money to them first and make sure that they are paid on time. I am the last one to get paid because I would never want to put anyone else in this position.

    I've thought about implementing a late fee, or an early discount. I even like the idea of raising my rates 2% and then offering them a 2% discount if they pay early/on-time - basically a permanent late fee for them. Part of me feels like I overreacting and 1-2 weeks late with a good client is no big deal. The other part of me feels like my relationship with the prime contractor should not be subject to their relationship with client.

    What do you think? Should I just accept the periodic delay as a cost of doing business or should insist on making a change?

    submitted by /u/thmaje
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    Software/firmware development company owners, on business expansion and overhead costs, any tips?

    Posted: 05 Sep 2018 09:26 PM PDT

    Basic Fundamental SEO Strategy in 2018 | Sky For Web

    Posted: 06 Sep 2018 01:43 AM PDT

    Contact Sky For Web as SEO company in Melbourne who will take care that your business follows all the SEO Strategy follows components

    submitted by /u/silvia_christia
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    Keeping professionals honest?

    Posted: 05 Sep 2018 11:45 AM PDT

    So for the 2nd time in 2 months I've gotten a ridiculous bill from an accountant, this time almost $800, just for setting up our payroll on ADP. Pretty ridiculous IMO.

    It got me thinking.... professionals who bill on an hourly rate... what's there to hold them accountable and keep them honest and efficient? It seems to me it's just too easy to say "well... this should be a 20 min job... I need to slow down and diddle so I can bill a full hour for it" as there's literally no recourse other than pulling your business. I don't bill hourly, I bill for procedure (per "job") so I have pressure to be efficient or I pay for it, not my patients.

    Do any of you flat out refuse to pay an hourly rate? Do any of you constantly ask for itemized time sheets? Any other ideas on how to make sure your hourly billed professionals are in fact being professional and therefore being efficient with your dollar bills?

    submitted by /u/Coach_DDS
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    Affordable & Reliable Surveillance System?

    Posted: 05 Sep 2018 08:48 PM PDT

    I am looking for a new DVR Surveillance System. I currently have an IP camera system, but I'm looking for a surveillance system that has the following (sorry if this is vague — I'm not much of a tech person):

    1) ability to view/playback on desktop and iPhone 2) prefer that it is not an IP system. We've had issues with this in the past 3) prefer 1 year storage. Even if we have to plug in a USB and switch it out when it gets full

    I have the cameras set up already, just need a new DVR system. Thanks!

    submitted by /u/nelo2012
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    Simple =/= cheapest when it comes to merchant services

    Posted: 05 Sep 2018 11:07 AM PDT

    There's a misconception among many businesses that flat rate credit card processing (like Square, Stripe, and PayPal) is the cheapest, especially if you're a small business.

    That's not necessarily the case.

    Flat rate pricing can be the cheapest, if your business fits a specific profile. Namely, businesses with small average transactions or low monthly volume. For example, Square's 2.75% swiped flat rate is almost always the lowest cost option for a business with average transactions under $10 or monthly credit card volume of a few thousand dollars or less.

    For everyone else, a competitive interchange plus processor will be a lower cost option. You don't need to be making a million a year to get good pricing, either.

    That's not to say there aren't other reasons you may want to use flat rate. Some businesses like the 'simplicity' of the one rate, without seeing all of the interchange rates and other fees on their monthly statement. Just know that simplicity =/= lowest cost and that you're paying more for that simplicity.

    This misconception gets reinforced because of two situations: Businesses for whom flat rate actually is the lowest cost, and businesses that switched to flat rate from a more expensive tiered pricing solution and aren't aware that there are even lower cost options available to them.

    Credit card processing rates and fees are very business-specific, so what's the cheapest for one isn't necessarily going to be the cheapest for you. It makes accepting recommendations from other businesses a risky proposition, since you may not benefit the same way they did.

    The biggest factors in finding lowest cost will be industry, average transaction size, and average monthly volume. If you absolutely have to get recommendations from others, try to get them from businesses that closely match yours in terms of industry and sales. It doesn't do you much good to ask a coffee shop about their rates for processing if you sell antique furniture online. Don't assume that because flat rate is the lowest cost someone else got, it's the lowest cost you can get.

    If you have any questions about processing costs or how to find the right processor, let me know!

    Disclaimer: I work in processing but not for a processor. I don't have any affiliation with the companies mentioned in this post, they're just to give examples of well-known flat rate processing options.

    submitted by /u/CardFellow
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    Voice Authorization Chargeback? Anyway to recoup losses?

    Posted: 05 Sep 2018 09:10 AM PDT

    Hello, I work at a boutique high end product store, we recently did a transaction for a little under ~$20k, and today we received a chargeback for it.

    The transaction was done over the phone, using a voice authorization code that was input onto our Clover mini POS. We attempted to transaction through our standard sales screen, but it was declining until we used the Voice Authorization transaction feature, input the code, and the sale went through. From my understanding, this authorization code can only be given to the card holder as an extra security step, so I am confused on how this could of been charged back.

    Thanks for any input.

    submitted by /u/not_a_cup
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    Build-out of new office space in new building...seeking advice

    Posted: 05 Sep 2018 06:45 AM PDT

    I've been searching for a new office for a few months now with a few specific requirements (mainly parking and location near interstate). The only thing I have been able to come up with are new buildings that require me to build out the space. I'm being offered 5-10 year leases for these places. I've never done anything like this before and have absolutely zero clue where to start other than hiring an architect.

    How does all this work? How much does it cost to build out a space (2,000sf) for a 12 person engineering office? How long of a lease should I be looking for? Can I get a loan for this? How do I recoup costs of building out a space?

    I'm about two hours north of NYC.

    Thanks in advance for any advice.

    submitted by /u/fattiretom
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    Approaching retailers

    Posted: 05 Sep 2018 03:57 AM PDT

    Anyone have any advice on approaching potential retailers to try and get a product into their stores? Make appointment? Walk in? E-mail? Thanks in advance.

    Edit- Thanks everyone for your help. My product is a yard/home improvement item that will retail for about $80.00. I'm not looking to go into Lowes or HD. Maybe some local hardware/ independent building supply places.

    submitted by /u/mabutosays
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    Employee Handbook

    Posted: 05 Sep 2018 06:12 AM PDT

    I started my company 11 years ago and never bothered with an employee handbook. I realize how irresponsible that is and need to get one written and handed out/signed. Does anyone have a recommendation for an employee handbook website or template or wizard that I can use to get started?

    submitted by /u/Genetics
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    Sell your old and used phones.

    Posted: 06 Sep 2018 02:13 AM PDT

    Hello friends,

    If you want to sell old, used and outdated business phones. Please visit my website Telecom Recycle and send your equipment details. We will contact you within 24 hrs and will pay a good amount.

    submitted by /u/Chris_Klow
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    Name my soon to be business!

    Posted: 05 Sep 2018 05:09 PM PDT

    I need help with a name (.com friendly) the business is teaching people basic vehicle knowledge and safety tips using their vehicle. Hands on instruction, basics, breakdowns and bandaids, and emergency tips. I want an emphasis on safety (target audience is parents already paying for drivers training). I've thought of Safecar, lifeskills... but have not put much thought because I will get stuck on this step forever. Thank you in advance.

    Edit: fixed a word

    submitted by /u/odes1
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    Pricing standards for selling to retailers, what is normal? (Solve a disagreement for us)

    Posted: 05 Sep 2018 04:45 PM PDT

    Me and my business partner have reached a bit of a disagreement and, strangely, I can't find any specific evidence either way in articles online for this. Maybe it's considered obvious to people one way or another.

    We are at the point where we are selling our product to retailers and I want to vary the prices but my business partner thinks we need to be fair and offer the same price to all retailers. Who is right?

    More details:

    Retailer 1 is relatively enthusiastic on buying our products, they are likely to go for whatever percentage we give them and so it'll be okay but not held-at-gunpoint nice. Retailer 2 we have heard rumours that they are considering releasing a similar product, which will dilute our marketshare in an already small market. I want to offer our product at a discount to retailer 2, to encourage them to buy from us and to sell our product instead, thus avoiding them from developing their own copycat version and allowing us to keep one less competitor from entering the market. We get less of a cut, but we have one less competitor.

    In my opinion, we're a business and negotiation is part of that, thus we're under no obligation to be 'fair' and even with pricing to different businesses. But he disagrees and thinks I'm going in too hard, that we should be giving the same prices to all retailers who buy from us (he is fine with reduced prices for larger order sizes).

    Can you weigh in on this for us?

    submitted by /u/sellingtoretailers
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    We created a platform that helps people find teammates to help them bring their startup ideas to life!

    Posted: 05 Sep 2018 04:39 PM PDT

    Just over a year ago, we faced the same problem as many of you here at r/smallbusiness. We had promising ideas but couldn't find capable partners to help us bring them to life. After years of ideas falling through the cracks we decided to take teaming to the next level.

    Foundery is a platform that connects people with skills around world-changing visions. If you have a great idea, and need teammates to help you bring your idea to life, look no further! We use information about your skills and interests to recommend strong, flexible teams!

    Check it out: https://wearefoundery.com

    Foundery was born and developed by redditors, and wouldn't be the platform it is today without the help of motivated and innovative young entrepreneurs like yourselves. If you choose to give the platform a shot, and have any complaints, questions, or criticisms, don't hesitate to reach out in the comments or at [team@wearefoundery.com](mailto:team@wearefoundery.com).

    Thanks for trying it out!

    submitted by /u/founderyteam
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    Starting up

    Posted: 05 Sep 2018 08:57 AM PDT

    Hello there, I don't really post but I figure this is the place to get some knowledge/help on how yo begin my business properly.

    I'm preparing to start a small dog boarding & training facility in NYC. I have my EIN and an official LLC already, I'm still doing research on a bank to choose. Can anyone guide me as to what to do from here.

    Bank account? Regulations? Type of facility needed? Tax information?

    I've tried calling other similar businesses but either got hung up on or they "didn't know" (maybe I sounded threatening)

    I'm still pretty overwhelmed by a few things but want to get the ball rolling as I found a few locations in interested in renting. Anyway, Hope someone can point me in the right direction as this is fairly new to me. I know I didn't provide alot of information but please ask and I will provide as quickly as I can.

    Thanks! Ahead of time!

    submitted by /u/mierda2
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    Hello, I need reviews and suggestions about my store. I want to make some changes to my store thanks

    Posted: 05 Sep 2018 05:34 PM PDT

    Opening a speciality coffee shop in the U.K, couple of questions.

    Posted: 05 Sep 2018 01:43 PM PDT

    If a shop is A1 use class, how easy is it to convert this to A3 so I can perform my build out?

    If I open the shop neighbouring a cafe who serves coffee as a secondary focus to food compared to my model of primary and solo focus of coffee and it's different origins/brew methods and guest roasters. Will I annoy them and also suffer due to competing? Or am I overthinking this as it is a large city in the U.K. and there are lots of people as my potential customers more than enough to go around....

    submitted by /u/Rural_coffeeguy
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    Easy guide to set up Amazon SES? Help!

    Posted: 05 Sep 2018 01:37 PM PDT

    I have a website domain set up and have my SMTP credentials... but I am absolutely LOST trying to get my Amazon SES email set up for sending/receiving. I'm using Mac mail and honestly not interested in switching. I simply prefer this email client.

    I can't figure out my "IAM" user name... I can't get the email account set up. Amazon's guide along with every other one I've tried using has been frustratingly confusing. I'm not an idiot when it comes to computers but for once I feel lost!

    Any tips? Anyone else recently used a guide that was fairly clear cut and easy to follow?

    Thanks in advance!

    (Please. No "stop using Mac mail" I respectfully can't stand thunderbird/outlook/several others that I've tried)

    submitted by /u/ShowerSteve
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    What credit card acceptance site (app, web-based, etc.) do you use?

    Posted: 05 Sep 2018 01:12 PM PDT

    I have been looking into accepting credit cards as payment for my invoices, but the fees charged by the usual suspects feel a bit high to me. What do you use and why? Please and thank you!

    submitted by /u/FloridaParalegal
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    What do you use to process Debit transactions?

    Posted: 05 Sep 2018 01:10 PM PDT

    Hello!

    I am opening a small business in Canada and I am using an Apple Square POS system. But it doesn't accept debit (tap is accepted, but not chip and pin), so I'm wondering how people process their Debit transactions? I have a Moneris Payd Pro unit that works, but you have to go into a whole different app. So i guess my questions are:

    1. What do you use to process Debit Trans?
    2. Is there an easier way to use the set up I've created?
    3. If i stick to this system is there a way to process Debit on the Square while running it through Payd but keeping the records somewhat legit and on the same page?

    Any advice would help.

    Thanks eh

    submitted by /u/Travmanthegreat2
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    Greeting Card Line : Footnotes

    Posted: 05 Sep 2018 12:02 PM PDT

    Hey guys,

    I run a small business created greeting cards and posters. Please check it out:www.footnotestudio.com

    I sell funny definitions of every day words. If you guys have any suggestions, I am all ears! (suggestions in terms of the website, design, or maybe even words that you would like to see definitions for!)

    Thank you!

    submitted by /u/aquamarine729
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