How to set up your Square Credit Card Processing account and keep track of invoices and payments
In order to recover your credit card costs in your rental pricing, you need to understand the true cost of accepting credit cards. In this story, I'll explain how to determine the true cost of the credit card fee relative to your rental rate and how to set your rental rate at a value that will allow you to receive the rental take-rate you desire to cover these credit card costs.
Whether you are sending email invoices through Square or receiving payment through Houfy using the Square's eCommerce integration, all transactions will be visible from your Square account dashboard. i.e. Sign into your Square account to see the transactions.
Items are what you're selling. You assign prices to these items. You can assign tax rates to these items too. These items and their associated tax rates are associated with the Square Location you assign them.
This is where you'll add info about your business including Bank Accounts and Location Details.
Here are Square terms that you'll want to understand when used in your Vacation Rental account. You can make adjustments if you're using Square for another type of business:
One Invoice Divided Over Multiple Due Dates
I'll be creating additional posts that describe how to configure your Square account. This post is Step 1: Signing up with Square.
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