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 decided to accept credit cards after I started teaching groups with participants floating in and out. The vast portion of my business is payment by check, and I can count the number of checks that bounced in all my 20 years on one hand, and then they were an honest mistakes.
I use Square up for my credit card business with my iPhone. The application process was very easy, no hoops to jump through. I use is maybe twice a month, if that much, but since the fee is transaction-based, I really do not have any overhead.