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Wednesday, June 9, 2010

Terminal Leasing - More like FLEECING!

If you are shopping for a credit card terminal for your brick n mortar business, you may find a significant differences in prices, depending on the terminal provider.

How can merchant account providers get you to pay from $600 - $1,000 for a terminal without making you blink? Simple...call it a LEASE! DON'T BE FOOLED! Terminals cost around $200 - $400. Some providers offer leasing up to 48 months. What should cost a couple of hundred dollars ends up costing well over a thousand.

While we at Paybyweb.com believe that merchant providers deserve to make money, since that's what they are in business to do, they don't have to rape a customer. Unless you need an expensive terminal, such as a wireless one, why spend 48 months to pay for a $200 machine? If you want to get ripped off...buy a NEW BOAT!

While there are some sound financial/accounting reasons to lease for a business, it is generally best to purchase your terminal and save the money.

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