5 Advantages of Having Credit Card Processing Equipment on Lease

Considering the various business objectives, operational goals and financial limits, there are a number of benefits that credit card processing equipment leasing can offer, as compared to buying. Since businesses understand the advantages and strategic values of leasing equipment, this process is becoming increasingly more popular. In fact, as per report, there has been a 131% growth in the global leasing industry, in the last one decade, with North America alone representing 35.8% share of the total growth. Thus in this write-up we are going to discuss the major advantages that credit card processing equipment leasing brings.

1. Maintain Credit Flow:

The foremost benefit of credit card processing equipment leasing is that payments are made in one go for over a span of years. There is no system of monthly payment. And once you have the equipment for lease, whatever earning you make, you can easily invest the cash for some other business purpose, allowing you to manage the cash flow effectively.

2. Protection against Equipment Degeneration:

When you buy equipment, one day it will become outdated due to technological development and then it will be of no use to you, forcing you to spend another amount on the fresh version. But when you lease it, this issue can be easily avoided since the leased equipment won’t be forever yours. And the next time, again when you opt for leasing, you can avail the upgraded one.

3. Flexibility with Technology:

Huge purchases can limit you to a specific technology or strategy. However leasing credit card processing equipment will permit you to change the leasing as per the organization’s requirement.

4. Freedom of Leasing Options:

When the leasing term ends, you will have the flexibility of deciding what next needs to be done with the equipment. In case you feel, the same machine can serve your purpose for another term; you can make agreements for the same. On the other hand, if you think that you need a change in the device, you can make fresh agreement for new equipment.

5.  Hassle Free Process:

While opting for credit card processing equipment leasing you need not to think much on whether the it will be a good idea or not. This is so because, when you need it you can lease and use it. And at the end of the term if you feel you no longer need it, you need not to continue for next term. Plus there won’t be money loss.

3 Reasons to Switch to Zero Fee Merchant Processing

You must be already aware of the fact that you need to pay an interchange fee whenever a customer pays with a credit card. And this interchange fee is not only the most expensive component of a credit card processing costs but is as well non-negotiable. However, nowadays there are few credit card processors who offer “zero fee” merchant processing as an attraction for businesses towards their services. Although, the offer seems lucrative and tempting, there are a lot of fine prints involved, which needs to be understood very carefully, before signing up for one. So, let’s comprehend what zero fee merchant processing is and how it can be benefiting?

Definition of Zero Fee Merchant Processing:

Also known as “no cost” processing, zero fee merchant processing is a service solution where credit card processing fees are passed over to the  customers automatically for payment, instead of the merchant.

In the United States, this system of passing over the processing cost to customers is permissible in all, except in 9 states. Although no cost processing is available with traditional processors also, some companies have started creating business with it, by offering it exclusively.

Benefits of Zero Fee Merchant Processing:

1. Saves Money:

Even though credit card processing fee is not that high for merchants, when added up annually, it does become a good amount. However, when the charge is switched to customers, the merchant can save thousands of dollars by eliminating not only the processing amount but as well monthly and yearly fees.

2. Next Day Funding:

With the help of zero fee merchant processing service, a merchant can receive his/her funds deposited into his/her bank account directly, as early as the next day.

3. Hassle free Processing:

The process of payment becomes easy and smooth with the help of zero fee processing program. In other words, the service allows a merchant to accept credit card payment without having to incur any cost.

How to Switch to Zero Fee Merchant Processing?

In order to avail zero fee merchant processing service, a merchant has to get in touch with a cash discounting credit card service provider like the Reverse My Fees. Once a merchant signs up all the required documents and becomes partner, the service provider will help the merchant to discount all their goods and services for purchase with cash. If the consumer chooses to pay with a credit card, the pre-applied discount is removed at the time of the transaction and reflected on their receipt as a “non-cash charge”.