Getting Paid – There's an App for That!

For several days you've reminded parents that their childcare payments would be due on a certain day. That day arrives, yet one parent "forgot my checkbook." Next thing you know, days pass followed by weeks. Suddenly, that parent's balance is unmanageable for both of you. But what if you could respond to "I forgot my checkbook" with a "No problem, I can accept your debit or credit card"?

PayPal, Intuit, and other payment processors now offer free credit card swipers that attach to a smartphone or tablet. Many of these services do not charge a monthly fee, making accepting credit cards more attractive than ever. You will pay the processor a small percentage of the transaction, but that's better than not getting paid at all.