The reality of Leasing a Credit Card Terminal.
The CONS of leasing a terminal are as follows:
1) When you lease the terminal you are signing a 4 year lease that even if you close the business you will be responsible for.
2) The lease payment for the 4 years will run anywhere from $25-$100 per month. This means you will pay between $1200-$4800 for a terminal that costs around $300.
3) Any upgrades will cause you lease to start over.
4) The lease agreement will be through a third party who all they do is lease terminals.
The PROS of leasing a terminal are as follows:
1) THERE ARE NONE
