Start with the fee structure
A card fee can be based on a percentage of the payment. EBO’s large-ticket business payments use a flat fee instead. The final EBO fee is still to be supplied, so compare the actual agreement before deciding.
Keep the example honest
At a 3% card rate, a $10,000 deposit costs $300. That is a clearly labelled example, not a quote for your business. Your actual card rate and the final EBO fee determine the comparison.
Look beyond the approval
A bank payment is not guaranteed when it is approved. It can be returned, most often for insufficient funds. A return can take up to 5 days; most arrive within 3. Same-day processing and settlement do not remove that risk.
Make it fit the job
This first version is for scheduled contractor work: take a deposit, then start the job a week or more later. Use that time to review payment status and address a return. Waiting does not make the payment guaranteed.