Start-Ups Get Hosed (But They Shouldn't)...

C'mon, it's practically a proverb that when you're starting, you don't know what you don't know... and that's pronounced: EXPENSIVE.

As a provider of merchant accounts (a business's ability to accept credit/debit cards), we hear this all the time. Start-Ups can't get an account.

They can't? Who told you that lie?!

Start-Ups get accounts all day long, and not with little fly-by-night, skeezy (I have no idea how to spell "skeezy"), but by the largest processors in the country. Really, it's not magic. If someone doesn't want to handle start-ups, it's because they don't want the paperwork on something that might not make money.

Cry me a river...

Our CFO's grandmother used to say, "If you don't want the appetizers, don't expect to be called for dinner." God bless her for that knowledge. If you don't want the small stuff, why should I bring you my really good stuff, this is another way to say that.

Because of this lie, which so many people accept as truth, start-ups often pay Stripe, Square, and PayPal their costs that start at 130% of a regular, big-boy account. They start at that rate and go up to 200% of a normal account's cost.

If you are a Start-Up, then you probably need to be as lean a machine as possible. Schedule a call with us to learn how...

--

Doing Good Is Good Business

#501c3?#business?#cause?#ceo?#cfo?#coo?#charity?#community?#contribution?#director?#donate?#donation?#entrepreneur?#executive?#firstresponder?#founder?#fund?#help?#manager?#marketing?#merchant?#money?#nonprofit?#organization?#owner?#partner?#payment?#president?#processing?#philanthropy?#save?#saving?#smallbusiness?#startup?#support?#team?#veteran?#work