I don’t know if this is true, but I’ve heard Visa and other card compabies can sometimes be expensive and difficult to small businesses. Is there something else one could use that’s not cash that would be better?
Cash, cash is very friendly
Unfortunatly not really. The PCI counsel is made up of (5?) major issuing banks that set the ground rules for accepting payment card transactions. There are however tiers to vendors based on their volume of transactions that dictate the fees and the requirements as far as their compliance.
https://www.pcisecuritystandards.org/documents/PCI_DSS-QRG-v3_2_1.pdf
Source: used to work for a pci/dss compliance security company mostly targeting small businesses.
Monero… Or cash
A Visa or MasterCard that has no rewards of any kind: No cashback, no “miles”, not even donations to charities as the “reward”.Anything that has any kind of rewards usually costs the businesses accepting it a higher “swipe fee” taken out of what they receive.
That’s not always true but it’s very common with most merchant accounts.
Are you talking about accepting payment, or a card for use as a company spending account? I think most answers so far are assuming you’re talking about accepting a card type as payment for your goods and/or services.