Booth Renters/Independent Contractors
Important VISA/MC rule for salon owners and booth renter/independent contractors:
Salon owners cannot allow independent contractors or booth-renters to process transactions thru their merchant account. This is called factoring or money laundering and is considered fraud. See "Laundering" at bottom of page 15 of 141 of the Visa Rules PDF for more information.
You no longer have to wait to get a check at the end of two weeks or even a month and get charged 5-10% if you run it through the main salon account. Now you can have the money deposited into your own bank account within just a couple of days.
Here's what is great about this program:- All accounts fully transferable if you move salons or get replaced
- Up to 99 different stylists on one machine
- Special rates for salon owners
- Special programs for stylists that sign up on owners' terminal
- Separate funds and direct deposits into different bank accounts
- Check guarantee program
- Tip options made easy
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