Is there a CC, Debit, or other card I can use that's a little nicer to small businesses?
I don't know if this is true, but I've heard Visa and other card compabies can sometimes be expensive and difficult to small businesses. Is there something else one could use that's not cash that would be better?
Cash, cash is very friendly
But what if you want them to pay their taxes?
Pay with a debit card. That way, just like Amazon, they will definitely pinky promise pay their taxes.
I'd be more concerned if a corporation was not paying their taxes.
A Visa or MasterCard that has no rewards of any kind: No cashback, no "miles", not even donations to charities as the "reward".Anything that has any kind of rewards usually costs the businesses accepting it a higher "swipe fee" taken out of what they receive.
That's not always true but it's very common with most merchant accounts.
CC can take a good percentage on orders, as much as 6% I've heard 8% on super high premium cards like Amex, don't know if it's true
Debit card is usually the best way for small businesses.
If your CC has a 1-2% cashback incentive, it's not because Visa or MC really likes you. The money comes has to come from somewhere.
Some local businesses around me just stopped accepting CC altogether
Interesting. Businesses by me increasingly only accept cards, no cash.
I like this take. Payment processors provide a service to both customers and businesses and should get paid, but, the MBA crowd never stops short of anything they COULD get, so they gamify consumers (rewards) and threaten business (nice revenue stream, would be shame if anything happened to it). As a layman l, that’s how I see it. Someone in biz can probably give better detail.
If you mean for processing, I’m not sure what would be difficult about one credit card processor over another. The 4 major networks do charge different fees to merchants, so if that’s your primary concern, Visa and MasterCard will typically be the cheapest, but that’s more-so up to your clients and what cards they use.
If you mean for purchasing, I would think the only additional expense to you would be any applicable annual fees (which many business cards do have). There are plenty of business-oriented cards that don’t have annual fees tho, like the Amex Blue Business Cash card. If you value customer service over everything, I’ve personally found Chase to have some of the best customer service from a bank/credit card provider, but many major banks will be competitive in that regard.
If you mean more on the front-end / client-facing side, there are numerous services such as Square and Shopify that can simplify and streamline things, but that of course comes at an additional cost.
Hopefully that helps, otherwise if you can provide some more specific info on what you’re looking for, I or others might be able to provide better help/advice.
Are you talking about accepting payment, or a card for use as a company spending account? I think most answers so far are assuming you're talking about accepting a card type as payment for your goods and/or services.
Unfortunatly not really. The PCI counsel is made up of (5?) major issuing banks that set the ground rules for accepting payment card transactions. There are however tiers to vendors based on their volume of transactions that dictate the fees and the requirements as far as their compliance.
https://www.pcisecuritystandards.org/documents/PCI_DSS-QRG-v3_2_1.pdf
Source: used to work for a pci/dss compliance security company mostly targeting small businesses.
Monero... Or cash