Not having to own, lease, or rent card processing equipment is a tremendous benefit at every stage of your business. First, by not having to buy your equipment, you are keeping much needed cash on hand for other purposes. And by not having to lease the equipment, you are avoiding getting stuck when equipment becomes obsolete, saving even more money and preserving your business credit for other purposes. Even more, using free terminals, enables you to save significantly on PCI compliance costs as the burden remains with the equipment owner and not the end user. So let’s recap...three surefire reasons small retailers shouldn’t pay for card processing equipment are as follows:
- Free equipment (card terminals, cash registers, POS, etc) preserves cash for other purposes
- You won’t get stuck with obsolete equipment when your service provider owns it
- You’ll save significantly on keeping up with various compliances such as PCI and EMV
But first, you must choose the right service provider -- one that doesn’t require you to sign long-term contracts -- yet still maintains the flexibility and vision to provide best in class card processing equipment for small retailers across the U.S. and Canada.