Relying on outdated equipment can lead to noncompliance with card association and PCI requirements, creating other unexpected costs. A more affordable option exists to get new, compliant equipment.
Merchants often rely on aging payment equipment, instead of purchasing new equipment, to save costs.
New options for new equipment
Cost-effective lease options allow merchants to:
- Obtain newer, more secure equipment at a lower cost, compared to purchasing
- Comply with new equipment regulations, while saving money
Merchants pay low monthly installments with an option to own the equipment at the end of the lease period. Leasing packages are available with terms from one (1) to four (4) years*, and monthly rates are based on a merchant’s credit score.
New terminals come standard with a one-year manufacturer’s warranty, improved security features, faster speeds, and improved functionality options, including forward compliance with the latest card association requirements for chip-enabled payment cards.
*Leases are non-cancellable for the term of the lease.
Merchants that lease equipment may also increase their cash flow since there are no up-front purchase costs, and they can take advantage of tax benefits through equipment cost write offs.