FYI - Don't ever run your personal credit card through your own Merchant Account. That's another great way for the Processor to start holding your funds if they find out. It's typically against their terms & conditions to do this as it is essentially the same thing as getting a cash withdrawal from your card but obviously you're paying your APR% rate at a Purchase level, instead of the much higher Cash Advance APR Rate. This could even get your merchant account terminated.
Ummm.i get your mistrust. However. There is a one benefit, to running a test transaction. Most important reason, is knowing the process. Reason, time is money. Worked an event, where food vendor.had an employee. Who essentially, gave all the food out free. With register. As instead of running cc/debit. Second reason is, there is money now in account. Depending on business, I would always recommend using a CC, with onetime payment option. This gives you a buffer. Especially if you have online store, or print on Demand products.. cover the cost of items. Until processing of payment from customer. Finally, gives you option to go through refund process. Because, nothing can ruin your business faster then, faulty transactions duplicate transactions, or misinforming customers as to the time frame, it will take to charge will take to disappear.
@@asthewheelturns5387 running a test transactionis one thing. But that should only be for a dollar or less. What I'm referring to is large amounts on your own card through your own merchant account. It's again your merchant agreement and will get you in trouble. I'm speaking from experience for someone who's been in payments for 2 decades.
@@SithLandlord yeah, well, also depends on how corp is set up. However, even as sole proprietor, you can invest your own money into corporation. Additionally, you can set up as a loan. In the other brackets/ investment. Provided, there are no other partners involved, uncertain as if their are partners, or shareholders.
Is it possible to run two businesses on one clover machine? I have a business teaching art to kids but I’m also Starting a t-shirt business as well. Both businesses completely different
It will be all process under one business name, not 2. For that you need to get in contact with your sales rep to get a new merchant ID for the second one.
You did not mention that taking credit transactions to fund your own business will get your Merchant account cancelled and black listed faster than a rat to fresh cheese
great for pay at the table, receipts also can print out a QR code. Customer scans with their camera, routes them to their bill and they can pay from ApplePay, Samsung etc. Hands free. They can also tap their card on the Clover or use NFC (applepay, Samsung pay) and hold their mobile device near the Clover to make payment
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
FYI - Don't ever run your personal credit card through your own Merchant Account. That's another great way for the Processor to start holding your funds if they find out. It's typically against their terms & conditions to do this as it is essentially the same thing as getting a cash withdrawal from your card but obviously you're paying your APR% rate at a Purchase level, instead of the much higher Cash Advance APR Rate. This could even get your merchant account terminated.
Thanks
Yup
Ummm.i get your mistrust. However. There is a one benefit, to running a test transaction.
Most important reason, is knowing the process. Reason, time is money. Worked an event, where food vendor.had an employee. Who essentially, gave all the food out free. With register. As instead of running cc/debit. Second reason is, there is money now in account. Depending on business, I would always recommend using a CC, with onetime payment option. This gives you a buffer. Especially if you have online store, or print on Demand products.. cover the cost of items. Until processing of payment from customer.
Finally, gives you option to go through refund process.
Because, nothing can ruin your business faster then, faulty transactions duplicate transactions, or misinforming customers as to the time frame, it will take to charge will take to disappear.
@@asthewheelturns5387 running a test transactionis one thing. But that should only be for a dollar or less. What I'm referring to is large amounts on your own card through your own merchant account. It's again your merchant agreement and will get you in trouble. I'm speaking from experience for someone who's been in payments for 2 decades.
@@SithLandlord yeah, well, also depends on how corp is set up. However, even as sole proprietor, you can invest your own money into corporation. Additionally, you can set up as a loan. In the other brackets/ investment. Provided, there are no other partners involved, uncertain as if their are partners, or shareholders.
I have a service company with several technicians. I need several of these but it seems pricey for what I need.
what did u get
did u ever consider the clover mini
Can you enter the card numbers manually.....
Yes
Can I accept gas card payments
Is there a transaction fee for each transaction and can you take automatic payments with it like a monthly subscription
Yes there is a fee for each transaction.
What about taxes? Do they report you to the irs?
Great investment and video Felix, huge timesaver to keep your money flow consistently moving!
How do I correct an incorrect dollar amount that I entered?
Do they accept individual business??
Im trying to get one of these now and they sent me the contract...Do you know if a debit pin fee of $0.29 is about standard ?
“Only $650”
depends where you get it. $425
Its worth it, its an investment for your business.
Is the replacement fee for a clover the same as the purchase cost or does the bank cover that?
That I don’t kno. I doubt they will cover it if you loose it
Do u need a regular phone line for that or could it be hook up to your cell for translation?
I use my cell phone for everything
built in SIM card, can use WIFI or cell phone towers. Comes with SIM card, $15 per month
cool video, what is the card processing fees?
3% I believe
Can I connect this to the main cash register?
How much is the processing fee and do you need wifi
Is it possible to run two businesses on one clover machine? I have a business teaching art to kids but I’m also Starting a t-shirt business as well. Both businesses completely different
Yes
Wow. That’s awesome
It will be all process under one business name, not 2. For that you need to get in contact with your sales rep to get a new merchant ID for the second one.
Hey would you mind giving me more information in regards to this product
What information you looking for exactly?
@@FelixTheCourierGuy for one is there a certain area in which I have to purchase, and and are there any special requirements once purchased
I need one .. do I have to go to the bank to buy it? Or I can buy it in my own
Go to your bank
@@FelixTheCourierGuy ok thanks
@@FelixTheCourierGuy you’re so cute thanks
how come you do not tell people that will be $110 service and monthly for this machine ???
I guess I forgot that part. If $110 is an issue don’t be in business
depends on how you are priced with your bank/processor. $110 is very high, you can get lower. Cost for Clover Flex is $425
Can I use any bank to receive my money ? What information do they need ? Routing & account # ?
any processor will deposit directly to your bank account, they will require routing and acct numbers to route your funds
You did not mention that taking credit transactions to fund your own business will get your Merchant account cancelled and black listed faster than a rat to fresh cheese
No it won’t
Looks nice and modern how much are the fees and how much was the device ?
Device was around $600 and the fees on invoices are 1.75% and 3% for card inserts
Good for restaurants?
Yes
great for pay at the table, receipts also can print out a QR code. Customer scans with their camera, routes them to their bill and they can pay from ApplePay, Samsung etc. Hands free. They can also tap their card on the Clover or use NFC (applepay, Samsung pay) and hold their mobile device near the Clover to make payment
Does it have its own WiFi
You can do wife, data, or even offline transactions.
I really would like to get some tho.
What are the actual requirement to get this Clover Flex device?
Pretty much need a business bank account with your bank
@@FelixTheCourierGuy it would seem you need a merchant account in order to apply for a Clover Flex and not just a business bank account.
Do you need wifi are data?
You can do wife, data, or even offline transactions.
I paid $400 for mine
Camera? LOL imagine seeing someone taking selfies with a card terminal
I want to get clover through bank of america do u recommend it? Any hidden fees? I want monthly dont want to pay 600
Go direct to FirstData, Bank of America uses FirstData
Yes, tons of hidden fees. Just ask them if they hardware is free to use once paid for. It's not. And I'm not talking about transaction fees.