As a vendor, whether veteran or newbie, we want to be prepared, professional and of course make a little money! Over the next couple months, we will be posting tips, tricks and things that have worked well for us as vendors in the past! The Four Friends want this to be a great experience for you as a vendor, and want to provide all the information we can to help you be successful!
I recently have had a couple friends ask me what is the best way to receive payments at a craft market, and if they could get away with just dealing in cash.
My first year doing a craft show, I dealt only in cash, and to be honest, I think I lost a lot of sales because of it. Everyone uses a card now, whether debit or credit, and being a vendor you want to be ready for them. I absolutely LOVE it when I can use my card! Especially if I left my treasure hunting cash at home!
So yes, having a cash box with adequate change is vital, but now so is having a efficient card reader.
Here are the two most common readers I suggest signing up for before the big day!
I personally use this one and love it! Yes, there is a small fee with every transaction (2.75%) but you receive a free card reader and the whole system is very user friendly! It works with both iOS and Android!
Second popular type of reader is the Paypal reader! Great if you already have a Paypal account set up for your business! This one is compatible with iOS, Android and Windows phones, has a similar transaction fee to the Square, but you don’t receive a free reader. This one starts out at $14.99.
Now back to the cash and checks part of payments!
I usually bring about $80 in cash ($1, $5, $10 and about $5 in coin) but it all depends on how much product you have, and the average price of your items. When it comes to checks, I love them from people I know! For the customers that I don’t know (yet 🙂 ), if it’s a last resort, I collect all the vital information right on the check!
Hope this was helpful, and please ask any questions or if you have any tips and tricks for handling money at a market, please share them!