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Why You Shouldn’t Lease a Credit Card Terminal?

Whether you have run your business for many years or are starting a new one, you understand the vast importance of the ability to take payments with credit cards in our day and age. Today, only 27 percent of purchases are made using cash, and this number is expected to decrease down to only 23 percent in the next two years. While it is only common sense that you will likely lose sales if you cannot accept credit cards, understanding the options you have when it comes to obtaining a terminal can be a little more confusing, and there are some very valid reasons why you shouldn’t lease yours.

Understanding the Lease

Leasing makes it possible for those without the capital to obtain the equipment they need. When you are seeking credit card processing terminals, you will have the option of leasing. This option means you basically rent the unit for a specified time period. This can be an especially attractive offer to those new to the world of business and on a tight budget. However, this means ongoing costs. If you plan to be in business for a long period, which most are, you will end up paying more over time than it would have cost you for your very own terminal.

Inflated Costs

Competition has made the business world greedy, and there are a number of games lease providers plays to ensure their own business thrives. Unfortunately, this is usually at the expense of the customer. For example, they likely have access to a merchant warehouse where they can obtain terminals for discounted prices. Therefore, a unit which only cost them $150 may be quoted at $500, and you have no point of reference in which to verify they are being honest.

The Tax Advantage

You may also be enticed by a leasing company when they explain the tax advantages of leasing your credit card processing terminal with them. While this may be true, would it not be smarter to avoid the expense in the first place, keeping money in your business?

Other Hidden Charges

Finally, when setting up merchant accounts, understand the various fees involved with leasing. Some companies charge fees even after your lease is over, and you will also have to carry insurance on the device during the time it is in your possession. When you add up all these expenses and consider the terminal will never be yours, buying your terminal is a wiser option.



It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
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