Thursday, April 2, 2009

10 Ways to Save Money on Credit Card Processing

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10. Don’t Lease Equipment – Own It Instead
If your budget at all allows it, don’t lease a credit card terminal but buy it instead. Generally, credit card terminals are not expensive to purchase outright. Popular terminals can cost a merchant roughly $350-$550 depending on your needs. To lease a terminal will cost you roughly around $25 per month, which over a three year contract could end up costing you close to $900! Think about it; your company is going to be accepting credit and debit cards for as long as you are in business. In the long run, it is significantly cheaper to purchase a terminal.

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