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Resourceful Designer podcast: Offering tips, tricks and advice for starting and growing your graphic or web design business.

Accepting Credit Card Payments – RD339

If you’ve ever wondered about accepting credit card payments from your clients or are already doing it but want to learn more, you’re in the right place. Let me tell you a story that inspired this episode.

Recently, I received an email from a designer named Phil, who shared his journey of transitioning from working for an employer to starting his own design business. In his email, Phil also mentioned how one of his clients wanted to pay by credit card, and he was unsure about the process. This might seem simple to some of us, but stepping into the world of credit card payments can be daunting for those new to the game.

Why you should accept credit card payments.

Let’s dive into why accepting credit card payments is essential for your design business. First and foremost, it’s all about simplicity and convenience. Offering credit card payment options makes it easier for your clients to pay you. It’s been proven that invoices get paid much faster when a credit card payment option is involved. On several occasions, I’ve sent out invoices and received payment within minutes of sending them. That’s the magic of credit card payments!

Credit card payments streamline the process if you offer recurring services like website maintenance or hosting plans. You don’t have to worry about following up on late payments or waiting for checks to arrive in the mail. And let’s not forget the joy of getting paid upfront for your work. It’s a business model dream come true!

Handling credit card fees.

However, many designers are concerned about fees. Accepting credit card payments does come with a small cost. You can easily incorporate this into your pricing strategy. By adjusting your rates slightly, you can cover the transaction fees without causing any inconvenience to your clients. Remember, these fees are tax-deductible business expenses, so you don’t have to fret about them.

How to accept credit card payments.

Now, let’s explore the various options for accepting credit card payments. If you want a simple, no-hassle, occasional-use solution, a PayPal account could be your best friend. It allows you to seamlessly send invoices and accept credit card payments, perfect for one-time or sporadic transactions.

On the other hand, if you’re dealing with regular credit card transactions, you might want to explore more robust solutions. Platforms like FreshBooks, QuickBooks, and others offer integrated invoicing and payment processing with added functionalities such as automated reminders and detailed financial tracking. These systems come with subscription fees, but the convenience and professionalism they bring to your business are well worth it.

In my experience, Stripe is an exceptional choice for setting up recurring payments. It simplifies the entire process, automating the billing and collection of payments. Plus, there are no monthly subscription fees. All you pay are the transaction fees for the money you collect.

I rely on the free version of Wave for regular invoicing, which seamlessly connects to my Stripe account, allowing me to invoice in multiple currencies and handle international transactions effortlessly.

Start accepting credit card payments today.

Navigating the world of credit card payments for your design business doesn’t have to be intimidating. With the right tools and knowledge, you can streamline payment processing, enhance client satisfaction, and boost your business’s financial efficiency. Don’t let the fear of fees hold you back; instead, embrace credit card payments as a valuable asset to your business operations.

Now, I encourage you to take action. Evaluate your current payment processing methods and explore the available solutions to streamline your credit card payments. Whether setting up a PayPal account, diving into Stripe, or exploring other integrated systems, finding the right fit for your business can make a significant difference.

As you embark on this journey, remember that my goal with this episode is to empower you to embrace credit card payments with confidence and ease. So, go ahead, take control of your billing process, and watch your design business thrive.

Wishing you success and creativity in your design endeavours!

Stay Creative!

CLICK HERE to download a PDF transcription of this episode. This transcript was created with the help of AI and transcription tools. It has not been edited for errors or accuracy.

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Running a graphic design or web design business all by yourself isn't easy. If there are any struggles you face running your design business, please reach out to me. I'll do my best to help you by addressing your issues in a future blog post or podcast episode here at Resourceful Designer. You can reach me at feedback@resourcefuldesigner.com

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