the dropped spindle

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cledry yarner · Joined: 29 Jun 2006 Posts: 176

Interesting thread here:

http://forums.ebay.co.uk/thread.j...p;tstart=40&mod=1165938522886

sally · Joined: 02 Jul 2006 Posts: 148

I know the Market Traders Fed do a decent deal, just havent yet felt I turn over enough to try it out.

cledry yarner · Joined: 29 Jun 2006 Posts: 176

Me neither but what with Woolfest being a camping do (and wonderwool to a certain extent) I just feel that not having card facilities might mean I don't sell as much. People don't want to have loads of cash in a tent do they? I'm going to research getting a merchant account somewhere that accepts those paper slips - you can get a paper terminal thingy for 15 quid on ebay. It's a bugger - someone should look at providing short term hire for small businesses. I'm certain there must be a way around it - I know it'll still cost but I'm determined to find the cheapest way. I went to a show recently (as a punter) where the venue provided the teminal somehow and all the traders got a receipt and got paid by the venue at a later date. I don't know how succesful it was but it's certainly an idea.

BTW - the thing that put me off the Market Traders federation is that they don't say how much it costs to join

sally · Joined: 02 Jul 2006 Posts: 148

natalie · Posted: Thu Dec 28, 2006 10:37 pm Post subject:

I have been wondering about this, I'll take cheques and cash. Not sure about mobile reception in Cockermouth.. I'm on Virgin, might ring the B&B and ask them.
The other thing is that to take credit cards at all, surely you have to have a proper Business bank account, not just an ordinary one, which means fees etc. I am using an ordinary, separate, current account at the moment. I'm registered as self employed and paying self assessment tax and NI, but I'd rather not pay for business banking unless I have to....

n
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www.theyarnyard.co.uk

cledry yarner · Joined: 29 Jun 2006 Posts: 176

I had to open a business account with HSBC as a buyer sent me a cheque in my business name. It's free for 12 months and it's been great to keep the tranbsactions separate so I can actually see a bit more clearly what I'm spending from my own money. To take credit cards you have to have a merchant account which is different again (and quite expensive) I'm going to look into the Nochex thing and see if it's worthwhile. I know that at some point I'm going to have to do it but maybe not next year.

Catherinechaos · Joined: 05 Jul 2006 Posts: 84 Location: Lancashire

I used to work for Alliance & Leicester and they run a free account for businesses with a turnover of under £100k. They don't do the paper terminal thing because of fraud but I don't know if there has been anything else on offer since I left. I think their business account is a good offer though. I'll see if I can find out the number.