I have been contemplating taking credit cards exclusively. Cash is such a problem, you need to make sure you have change and keep a wad of money with you. I have never had an issue with losing money, but it is just a matter of time. Credit cards are so easy and the vast majority of my sales are with a card anyway. I am not sure I would lose any sales if I stated credit cards only. have any of you contemplated this.
I know it flies in the face of making it as easy as possible to people to pay you and accept the way they want to pay, but with so many credit cards and if someone wanted to pay with cash and I stated that I only accepted credit cards I am not sure that it would be an issue.
Just something I was thinking about a couple of weeks ago when I was having a good day at a sale in a more urban setting and walking around with well over $1000 in cash made me nervous. There were so many people around many people had to see the cash exchanging hands that day. I was an easy target.
I use a small cash register which does the tax rate wherever I go
its battery or inverter powered-I use an inverter as I can charge other things(I pack a small jump car starter for the power source)
I use the I phone(verizion) with square and if they want a reciept I write one fast (no details) on a small reciept book with my logo and info on each reciept.I also have a wireless card terminal when the the cell service is bad (its at$t) or I have a large line as it faster than the square for sales.
I have a I pad mini but never use it at shows as its one more thing they WILL break.I rarely let my phone out of my hand when they sign as well.
About 1/3 of folks want reciepts another 1/3 are in the square system so you just send them one another 1/3 do not want anything
I carry a small custom leather waist belt ( made with a rear zippered section and a front pouch)as do all pro oldtimer vendors with my important stuff and small bills for change.
Its really a simple system-only accepting cards will be a loss of some sales if you choose that
change is part of life get used to it as much as we hate it.Round to even dollars if that helps
about 1/3 to 1/2 is cash for most of my shows
handling cash is part of being street wise-being street wise takes some thought and experience
Wear your money always.Be aware when opening your bag of your surroundings (people)nevrer leave cash in booth at night.
I empty the register at night and start with a fixed amount (never count coin change)every day.
If I only where to take cards I may as well sell used cars as cash is king for many still.