Hostess With the Mostest
Friday, November 28th, 2008My brother and his wife are wonderful hosts. My sister-in-law is a domestic goddess – I’m not kidding. She loves to shop for furniture and decorating items, like drapes, lighting, wall decor. She is a great cook, manages the house and does a lot of volunteer work for children’s charities. So now that their kids are grown and the last one is headed to college next fall, they are thinking about making a lot of big changes in their lives. She wants to establish and run a bed and breakfast, and I think she would be great at that.
Their home can be easily converted to accept paying guests, so they just have a few business details to implement and advertising to get the bed and breakfast started. I asked what they planned to do about credit card processing and they admitted they hadn’t thought about that yet. So I tried to explain a few things about that.
First, they have to arrange for their merchant accounts with a financial institution. It is similar to applying for a credit card itself, as your credit history is considered during the application process. That won’t be a problem for them, but they need to read up on the whole situation to avoid any unpleasant surprises, so I shared a link with them to a web site called Card Service Sales.com. This is where they can read about credit card processing, telecheck processing, and merchant accounts.