I currently teach group fitness 4-6 times per week and have three regular clients that I see twice per week for personal training. I have other clients that float in and out. In the past, I have received payment via checks that have bounced… which makes things awkward when telling the client their check bounced. I’m considering no longer accepting checks but know that I can’t be a cash only entity. I’m considering jumping the necessary hoops to accept credit cards but am wondering if it is worth it for such a small business.
I do not know if anyone can definitively answer this. You need to determine how much less you will make due to the merchant fees versus the convenience for you and your clients. Another option is to consider direct money transfers from a smart phone instead of a check, pretty easy and many people now have that app. I have only taken checks or cash, but have never had a check bounce, so I guess I have been lucky.