10-22-2012 07:23 PM
At one time (as far as I know), it was just businesses that could get merchange accounts to accept credit cards. Now. it seems like anyone can. You can get a card reader from companies like Square and ProPay. Then if you sell stuff online, local or where ever and the person wants to pay with a credit card, your all set. Connect the reader to your phone or iPad, and swipe away! Or, you can even key in the numbers. It's amazing how much things are changing...
10-23-2012 07:30 AM
It's amazing how much I don't trust those things...I found a backyard mechanic on craigslist that used those.
I watched my account very carefully for a while after that day...
10-23-2012 09:54 AM
My close friend supports herself by doing papercrafting and selling at venue's. Since she began accepting cc., her sales have doubled!
I don't think I'd trust a backyard mechanic or anyone from Craig's....I do keep a Cap 1 with a small limit for shopping at farmer's markets, craft shows, etc.
11-02-2012 09:28 AM
I have a square just to have one. My wife does photography on the side and it's easier to swipe than dealing with depositing a check. 2.75% fee isn't that big of a deal.
11-20-2012 10:46 PM
How long before "bad" people begin using square.....
There might be some idiot that does this now and again, but it won't ever be a problem.
It would be WAY WAY WAY to easy to get caught.
Only one person has to find a fraud charge on a card and the person using square or other device will get caught in no time. Even if they somehow manage to get the money and go into hiding, there is no way they could do it again.... And I don't know of a single credit card that doesn't offer refunds of fraudulent charges.
11-24-2012 09:35 AM
i meant more like the street walkers and street pharmacists type of bad people.
If you are buying drugs, chances are you want to use cash. Any form of electronic transfer (such as credit card) is traceable.
11-28-2012 06:47 PM - edited 11-28-2012 06:50 PM
Funny I saw a show the other night and they were talking about drug dealers in New Orleans and they showed one kid who took credit cards on his iphone with a square reader.. Of course the problem with thait's its so easy to track.. For that illegal activities you should be using cash or for side work .. Soon the IRS will just make companies take tax money out of peoples accounts!
I wouldn't be worried about some one swiping your card in person for a service even some from Craigslist.. People who do these things prefer people not to see their faces and its pretty easy for them to get people's credit info.
11-29-2012 03:45 PM
I am more concerned about modifications being made to the readers available now into stealing your info/money in one swipe. (Like the ATM scamming readers fitted on random ATMs). A simple Craigslist "face-to-face" transaction could cost much more than what you thought.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.