I can appreciate the need to keep funds from our loved ones.
Anonymity is possible with this source of payment. I have placed it as payment to "Oil Change" - cheeky and true. Gentleman says, "Yes honey my oil change cost 300, I got the full meal deal.
I messed with Square to open up money funds. Fast forward to July of last year I got audited by the IRS you have to pay taxes if you swipe over a certain amount. This does get reported. I would proceed with caution.
Posted By: Annalise_Canada
What is the opinions of using a square reader for transactions ? Or is there other options for credit card processing in the U.S.
I'm not a VIP member, so please leave all answers here
I have a business account with Chase bank and they offer the same thing but since they charge the same 2.7% I never had reason to switch. I have an LLC so billing is very discreet
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