Quote: (03-24-2010 01:06 PM)thegmanifesto Wrote:
Paypal is super easy, I think they get a cut. I have paid people this way.
Why not take checks?
"My question is have any of you set up online payment systems, either through paypal, visa, etc?"
Credit cards charge a fee.
"Do I need to report this as income?"
Consult your tax guy.
"Do I need to register the business?"
Unless you want under the table money.
If you don't mind telling, what industry/niche are you in?
I am a ghost writer, so I write for people and they put their name on it. My market right now is university students and I write academic essays. The cheques won't work as well as online payments because these are usually short deadlines, and payment and transfer of goods usually is in about a 3-5 day time frame, but I guess it would be an option, and the cheques could be turned into cash and that would keep it from showing up as revenue. But people would be generally uneasy about mailing out cheques.
If I can set up an online payment system I could take the business mobile because really you can write anywhere.