Purchasing a PDQ machine outright can cost between £200 – £800 depending on the specification. A lot of companies opt for card machine rental due to it usually being simpler and more cost-effective; providing a card payments solution without the initial business outlay. Here we look at credit card machine rental, the costs involved and how to make sure you’re getting the best deal available.
Credit card terminal rental — the benefits
Renting a credit card machine has many benefits over buying one outright — these are listed below;
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We often get asked for costings for card payment terminal rental. As a rule of thumb; the longer the term, the cheaper the monthly lease payments. Most card machine hire prices sit at around £15 – £30 per month. However, if you are looking for a shorter contract, this could increase to Â£100 per month. When considering credit card machine rental costs, you should not only think of your company now, but in the future. If you are a new business if might be worth signing a shorter contract with higher fees for the first few years whilst you find your feet.
The credit card machine rentals company doesn’t charge for the transactions you make on the PDQ machine itself, these are dealt with by the merchant account provider. The merchant account provider will take a very small percentage of each transaction processed through the machine. For more information on this CLICK HERE.
Cheap card machine rental
We get asked about ‘getting the cheapest deal’ regularly. When it comes to card machine rent contracts the normal rule of thumb is that the longer the contract OR the more basic the machine, the cheaper the overall costs. It is worthwhile considering any early exit fees though. If you wanted to change from a basic card machine to a contactless one — what would it cost you? Also for new businesses do you really want to sign a four-year rent contract?
Some businesses work either in seasonal industries or at trade shows and market stalls offsite for a few days a year. If you’re one of these types of companies’ temporary credit card machine rental is something which should definitely be considered, especially if you’re a relatively new business.
Short term credit card machine rental can be used for a matter of days or weeks. The cost of the hire tends to be more expensive than longer contract lengths, however the benefits of being able to offer customers the opportunity to pay via card often outweighs this. Depending on the machine required, these orders can be processed very quickly.
At Merchant Advice Service, we specialise in the following areas. Our experts can point you in the right direction, making sure you make the correct card machine rent agreement for your business now and in the future, so call today;
Card terminal hire is a very straight forward process. The application itself takes a few working days to complete and, providing you remember the following tips, you shouldn’t experience any problems;
At merchant Advice Service, we work alongside the very best credit card machine hire companies in the UK. Our experts can help you find a machine which is suitable for your business needs now and in the future.
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We reached out to Merchant Advice Service when seeking a new payment partner, after multiple failed applications due to the sector we are in. Libby was super-helpful, very clear and supportive and we achieved a successful outcome. Top marks and highly recommended.
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