Tips For Purchasing Credit Card Machines

Wednesday, January 28th, 2009

If you run a small business and are considering setting up a retail merchant account credit card processing system using a  new or used, stand-alone, in-store, or mobile machine, take caution when replying to so-called “free” offers.

Many of the experts say that credit card machines being given away for “free” often come with hidden costs that you may not be prepared for.  These costs will drive up your operating costs once coupled with fees your bank and creditors may charge for credit card processing online.

Here are some tips to follow before purchasing credit card machines for your retail merchant accounts management:

  • Consider the costs of owning your machine outright rather than renting or paying for a “free” machine  you will not be able to keep.
  • Remember that often lower prices mean hidden fees in the contract, such as for early termination; read the fine print.
  • Consider a package deal for your equipment and your terminal processor; this can save you time over the long haul.
  • Some used equipment cannot be reprogrammed once resold; check carefully before buying used machines.
  • Read over your price purchasing agreement carefully to ensure that you know what the requirements are, the warranty stipulations are on rented equipment, and what, if any taxes or fees are charged for shipping, returns, or special handling.

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