Home improvement companies that do home improvement projects such as home additions, window replacement, concrete work, kitchen and bathroom remodeling, insulation, roofing, landscaping services, and so on, tend to have issues receiving payment from their clients.
Oftentimes labor and materials costs are invested before a contractor has seen the full payment, or even more than a down payment on their services.
So what is a home improvement contractor to do?
The simple answer is to get a wireless merchant services solution such as the Verifone VX670,Way Systems, or Phone Swipe.
This will enable the home improvement contractor to accept payment at the customer’s home via credit or debit card.
This will take away most of your collections issues as you can accept part of the payment for your work in person when the work is agreed to, and the other part of your payment in person when the work is completed, or if you want to accept 100% of your merchant services payment upfront that is fine as well. This solution eliminates the need to go and receive compensation from your clients weeks or months after you have completed your work.
Which home improvement merchant solution is the right one to use?
If you are processing over $3,000 in volume per month you will want to use the Verifone VX670, Way Systems. Choice Merchant Services offers this equipment for free to our merchants and by using this method your payment processing rates start at 1.05%.
On the other hand, if you are processing under $3,000 per month in credit card processing volume your best best is Phone Swipe. This solution offers a 2.69% per transaction fee but there is no setup fee, no monthly fee, and no monthly minimum fees.
