About John R. Sabol Expertise I can answer questions pertaining to credit, collections, billing, administrative processing, delinquent debt recovery, and accounts receivable management for large corporations and small businesses.
Experience I am currently the Vice President of Finance for DSO Solutions, Inc. DSO specializes in improving cash flow through delinquent debt recovery and accounts receivable management. We work with large corporations and small businesses throughout North America.
Prior to this, I spent 9 years at Landstar System,Inc., a 1.5 billion dollar publically traded transportation company. I was the Director of Accounts Receivable, managing receivables, assessing credit risk, and constantly looking for opportunities for improvement.
Organizations Transportation Intermediaries Association, Arizona Motor Tranport Association, and the Greater Phoenix Chamber Of Commerce.
Publications My first article will appear in the November issue of The Logistics Journal. It is titled, " Ways To Improve Cash Flow."
Question Hi Mr. Sabol,
I will be starting an acupuncture practice this Spring and would like to know what would be the most appropriate brand, type, price, used or new model, and anything else you might relate that might help in making the right buying decision towards purchasing a credit card machine. Thanks. Mike Eidson, Lac.
Answer Good morning Mike ! Glad to hear you are taking the plunge into business ownership.
I don't have extensive hands on experience with credit card machines but will be happy to share with you what I do know.
First of all, fees vary greatly. Most of the contracts/agreements stipulate that you are paid at a discounted rate. FOr example, you charge your client 100.00. You client elects to pay you via a credit card. Transaction is approved. CC Vendor pays you 95.00.
In small transaction businesses, rates can be brutal. I have heard of rates @ 6%. This can be dealt with as long as you have priced this transaction cost into your business model and respective fees.
If I were shopping I would be concerned about the following areas:
What are the fees ?
How long until funds are paid to you ?
I hope this helps. I apologize for my limited answer. If you like, I can make a few phone calls to associates with significant experience in this area. Please let me know.
