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-   Starting a Retail Business (https://retailbx.sg/f53/)
-   -   Credit Card Merchant & Logistics (https://retailbx.sg/f53/credit-card-merchant-and-logistics-3496/)

walux8 23-08-2009 07:21 PM
Credit Card Merchant & Logistics
 
Hi!

I would like to get NETS/Credit card merchant for the shop. Anyone knows who offers the best rate?

I would like to keep track of the inventory and wonder if there is any costs effective way? Anyone has 2nd hand barcode printer for sale? A new one i asked costs S$700 =.=

Would ordering of label tags like the one used in bestofblogshop. Where can i order?

:thanx: :thanx:

noeclue 23-08-2009 11:04 PM
Re: Credit Card Merchant & Logistics
 
For nets, you can either call their number or come to their office at Tiong Bahru. One time setup is 500 and you have to negotiate the rate.

For CC, we use Merchant Solution. Free terminal, low rate except for Amex n 3 days clearing time. One time setup fee is also 500. I will PM you the sales contact number tomorrow.

I doubt that barcode printer is reliable + able to handle high usage. It will normally cost you around 2-4k.

walux8 24-08-2009 12:26 AM
Re: Credit Card Merchant & Logistics
 
what's the rate u got for nets and cc?

for nets i was quoted S$60 per month, $500 deposit and 2 or 3% sales? and a $40 i forget what it is...

for cc, i got S$360 per year charge, free paper, S$500 deposit. 2.5% sales.

noeclue 24-08-2009 01:01 AM
Re: Credit Card Merchant & Logistics
 
I cant really remember :D, but I think your rate is quite reasonable as well.

selina 31-08-2009 01:04 PM
Re: Credit Card Merchant & Logistics
 
For retail shop is it a must to apply for Nets?

SunflowerSG 31-08-2009 01:46 PM
Re: Credit Card Merchant & Logistics
 
Quote:
Originally Posted by selina (Post 15381)
For retail shop is it a must to apply for Nets?
Netts will help you more.
Most customers nowadays, use Cards, and Netts, instead of Cash.

Imagine your shop don't allow Netts or CC? the customer only have CC or Netts? How do you do your transaction? Ask him to go to nearest ATM to draw cash? :confused2: :smoke:

selina 31-08-2009 01:47 PM
Re: Credit Card Merchant & Logistics
 
Quote:
Originally Posted by SunflowerSG (Post 15384)
Netts will help you more.
Most customers nowadays, use Cards, and Netts, instead of Cash.

Imagine your shop don't allow Netts or CC? the customer only have CC or Netts? How do you do your transaction? Ask him to go to nearest ATM to draw cash? :confused2: :smoke:
haha ya lor.. :roll:

SunflowerSG 31-08-2009 01:51 PM
Re: Credit Card Merchant & Logistics
 
Quote:
Originally Posted by walux8 (Post 15236)
what's the rate u got for nets and cc?

for nets i was quoted S$60 per month, $500 deposit and 2 or 3% sales? and a $40 i forget what it is...

for cc, i got S$360 per year charge, free paper, S$500 deposit. 2.5% sales.
For NETs and Credit Card, you have to pay a % sales?
Pls clarify. I am going to start a retail outlet, but I've not met or contacted anyone about this.

noeclue 31-08-2009 02:38 PM
Re: Credit Card Merchant & Logistics
 
sunflower,

Yes, it can range from 1-5% depending on your products.

SunflowerSG 01-09-2009 12:55 PM
Re: Credit Card Merchant & Logistics
 
I have a quotation which quotes with an additional 10cent-20cents per transaction depending on card used.

However, it seems like there is no deposit mentioned in the quote.


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