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Friday, February 05, 2010

Free credit card terminal?

Credit card terminal purchases are an important first step in opening a merchant account. Basic terminals can now be purchased for less than $200.00. Many companies offer what they call “free” credit card terminals but over time you end up paying much more than they are worth by adding fees to your processing costs. These could be annual fees, monthly minimums, supply costs, etc.

Companies still also try to lease credit card terminals to a businesss. A monthly lease at $49.00 for 48 months is completely taking advantage of a customer. The cost would be close to $2000.00 for the same terminal you can purchase outright for under $200.00.

Make sure that your merchant provider offers you a fair price on the credit card terminal that you need. If you would like to compare our pricing to others, you can contact us at 800-255-0898.

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