Learn all about Merchant Accounts, accept credit card payments online and apply for a free merchant account! |
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Merchant Account IQ - All About Merchant Accounts - Accepting Credit Cards Online - Compare Credit Card Processing Companies |
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Credit card equipment is not particularly
expensive - the ongoing costs of a merchant account will be a much more
significant expense for your business. Terminals are often priced as
loss leaders to entice you to choose a particular merchant account
provider, so you may see prices online that are "too good to be true" -
and usually, they are. Basic terminals range in price from $150 to $300. Terminals with printers go from $200 to $600, and wireless terminals can be $600 to $1,000. In most cases, you should buy the terminals outright. A 48-month lease could cost you over $1000 for a terminal that you could have purchased for $250. Because credit card equipment is relatively inexpensive considering the important role it plays for many businesses, it is worth spending a little extra to make sure you get all the reliability you need. Saving $50 is not going to affect your business much in the long run; a terminal that is slow or balky can have a serious negative effect. |
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| Where to buy
Purchasing credit card equipment from your merchant account provider can
simplify the process - they will pre-program the terminals for you.
They also know that you will be working
with them for years to come, so they are more likely to give you a break
on terminal pricing and will not be as interested in selling you models
at the highest pricing. Combined with the overall reliability of
terminals and the low total cost, this means that the decision of which
vendor you purchase a credit card equipment from is pretty minor. Also make sure you understand both the return policies (in particular, what restocking fees you may be liable for if you choose to return a terminal) and the warranties and service agreements that come with your purchase. |
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Get a FREE Merchant Account with Charge.com the #1 merchant account provider Click Here Now! |
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