Which payment processor is right for you?

Is your heart breaking as a show enthusiast since Dream payments chopped their services off at the knees!? Or perhaps you are just spinning in the whirlwind of which payment processor is right for you and your biz!? Fret not! below you will see a break down with pros and cons of each payment processing option that is available to us here in Canada. There are links to take you to the sites where you can dive into all the juicy details and make the right choice for you and your biz! But this will at least help you get started! This post may include some affiliate links and I may make a small commission but these services in the end are here because I know they are awesome and will help you succeed in your business and of course I use them in my own business too!

square

Audio jack card reader for mobile and tablet OR new reader for contactless and chip/ debit flash

Perfect for makers who are new to craft shows as there are no up front costs to get started on the basic reader. Upgrade to the chip/contactless if you want and when you’re ready! Also great for makers who want to accept debit transactions and won’t have issues with the $100 debit flash transaction cap

See more details here

Pros

– Easy to use just insert into phone jack with easy to use pos app on your device
– Free if you get the basic card reader
– Secure
– Well known and trusted name
– Great processing rates
– Able to accept debit flash payments on new contactless/chip reader
– Can use the magstrip reader using mobile data if there is no wifi

cons

– Contactless reader can cost $59-$258 (with accessories)
– Contactless/chip/ flash reader can only accept debit flash purchases up to $100
– The basic magstrip reader has an audio jack some newer devices no longer have an audio jack

Shopify

Audio jack card reader for mobile and tablet OR Flash Reader OR Moneris Device

Perfect for makers who are already on the shopify train or are planning to join. Or for makers who are able to have monthly fees on their plate. The start up rates are low starting at $9/ mth with a free mag strip reader and syncs with your inventory as purchases are made.

See more details here on readers

See more details here on shopify plans

Pros

– Easy to use just insert into phone jack or lightning port or wireless (moneris) with easy to use pos app on your device
– Free if you get the basic card reader
– Secure
– Well known and trusted name
– Great processing rates
– Able to accept all forms of payments on the moneris device including debit
-syncs with your shopify inventory
– Can use the magstrip readers using mobile data if there is no wifi

cons

– Must have a minimum shopify plan basic lite starting at $9/month
– Moneris device only works with an Ipad and the device itself is quite expensive
– Must have a moneris acct and shopify acct to use the moneris device
-Must have a wifi or ethernet connection to use Moneris device at your shows
– Flash reader is $129

Moneris

All payment option using a terminal style device.

Perfect for a seasoned and established show go’er who processes a lot of transactions online and/ or in person and can take on the extra monthly service & rental fees. Or for makers who really just want access to every possible payment option

See more details here

Pros

– Accept every form of payment (debit, credit, apple pay, android pay, JCB, Discover, google pay etc..)
– Can sync with current pos systems shopify, lightspeed, touch bistro, and oracle
– Wireless Terminal
– Chip/ Pin/ Swipe/ Contactless

cons

– Costly devices
– Monthly service and/ or rental fees on top of processing fees
– Much larger device than square or shopify
– Some device options can only be used with apple devices or apple ipad’s
– Must be connected to high speed internet or high speed wifi to use

Did I miss any? Do you use something different than above? I would love to hear about it and update the list! send me an email! hello@pieceofcaketrainings.com

Do you  currently use a payment processing option above? Share your experience in the comments!