[ProfessorLayton]

I've helped run a family home improvement business for a while now, and for now we're a little wary about accepting electronic payments, since the fees are so high + the possibility of dealing with a chargeback. It's interesting that they mention disputes with high 4-figures.

Contracts are routinely over 5 figures, so 2.6% ends up being quite a big cut just to accepts credit. I suppose a ~2.6% fee could be added, but that still leaves exposure to chargebacks. Does anyone here have experience using square with large payment amounts?

[techsupporter]

I helped two friends who do trades work set up for taking card payments. Both report that their average charge amount increased by more than enough to make paying to accept cards worth it.

As a customer, I can attest to this. The hassle of paying by check (I’ve had checks stolen and abused, plus I don’t keep them handy any more) or (perish the thought) cash for more than a couple hundred dollars is not worth it to me. I will seek out the next-most-trusted contractor who does accept cards and use that person.