Pitfalls of Equipment
We have many members who call us "after
the fact" to let us know they have signed a contract to lease
"the latest-greatest" credit card equipment and are changing
Our first thought is, "This is
going to hurt (our member)". Anytime our members call with
what appear to be good deals, we instinctively ask questions.
It is not unusual to find our member
has signed a four year contract to lease this equipment. Typically
we are seeing monthly charges of $45-$78. That's a pretty good
$35 x 48 months = $2,160
$78 x 48 months = $3,744
Wrong. Our equipment
prices are in a different ballpark, and guess what, No Contract.
At the end of these leases the equipment
is typically the merchants to keep, however, much the of the equipment
marketed in this manner isn't universally accepted by processors.
Please call us before
you sign any kind of equipment or processing contract. We are
skilled at sniffing out weasels.