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.
Clients expect to be able to pay with cards, and we’ve actually seen revenues go up, even accounting for the merchant fees, because clients are more likely to just purchase a larger package on their card. Somehow it’s an easier decision than when writing a check or having to have a certain amount of cash on hand.