Used Credit Card Terminals

Used credit card terminals often work as well as brand-new versions, assuming they’ve been kept in good condition and aren’t too out-of-date in terms of features. If considering adding a credit card terminal to your place of business but aren’t sure whether to go for new or used, check out the following benefits of working with used credit card terminals:

Money-Saver

Perhaps the most obvious reason to opt for a used credit card terminal is to save money. Used versions are much less expensive than new ones, which easily cost upwards of $600. Used versions cost as little as $35 if not less, which is a big difference! Used credit card terminals are therefore ideal for startups with tight budgets, as they allow entrepreneurs and new business owners to pour funds into other areas of their companies. Another money-saving option is to work with a credit card processing company that provides free terminals following application approval.

Guarantee

Any reputable company selling used credit card terminals provide a guarantee when you purchase their products. This can include a free replacement warranty, meaning you can easily trade in a malfunctioning terminal. Be sure to look over all warranties and product guarantees before you make a purchase, as you don’t want to get stuck with faulty equipment!

State-of-the-Art Features

Another benefit of used credit card terminals is finding an option that comes with all the latest features as their unused counterparts. Such features can include terminal portability, wireless capabilities, integrated thermal printers, signature capturing screens, and the ability to accept multiple merchant accounts through a single terminal. Depending on your needs, you may want to look for versions that make recurring billing easy, or those that process credit card transactions over a traditional phone line.

Alternatives

Alternatives to used credit card terminals include web-based options. Virtual terminals accept major credit and debit cards quickly and easily, and also provide detailed transaction reports you can look up at any time, or transfer to a spreadsheet for your records. They accept major credit cards the way traditional terminals do, and allow a limitless number of consumers to use it.

Whatever your reason for looking into used credit card terminals or their alternatives, know that you’ll double if not triple business by offering consumers more than one way to pay! Studies have also found consumers tend to make larger purchases when using “plastic,” as well as impulse purchases.

Find the best terminal option for your needs and enjoy expanding your customer base!