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When you buy equipment, one day it will become outdated due to technological development and then it will be of no use to you, forcing you to spend another amount on the fresh version.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.

What Is Zero-Fee Payment Processing? How This Helps Merchants Save Big on Processing?

Zero-Fee Payment Processing:

The processing solution where credit card processing fees are automatically passed over to customers is either known as “no cost” processing or zero-fee processing. It can as well be defined as no-fee cards processing where a businessman smartly offsets their cost of processing by offering a cash and a credit price to their customers. Expect in a handful of states, zero credit card processing is becoming one of the fasting growing programs as businessmen are offered with the opportunity to cover their processing overhead, while still maintain low prices. The process not only proves to be the best credit card processing solution but as well quite pocket friendly, as it removes up to 100% of credit card processing fees.

Zero-fee payment processing can be categorized under two types of approaches –

1. Surcharge Model:

This approach is basically designed for organizations and trades that accepts card payments either through a central office or a website. Since the model follows the actual bankcard law approved by the federal court, to be amenable, a business has to get registered with a main credit brand completing all signatures and notifications. Surcharge model is also known as Zero Cost Credit and is acceptable in 42 states, including New York.

2. Cash Discount Model:

This approach is meant for retailers who accepts face-to-face credit card transactions and is known as Zero Fee Cash Discount program. In this model, a business need not get itself registered with any main credit card band and all prices are paid off either in check, cash or ACH. The process is acceptable in all the states.

The Ways in Which It Benefits Businesses:

Zero credit card processing can benefit small business to a great extent. To generate business sale and enhancing profit is the major concern of all businessmen. And since no-fee cards processing allows businesses to create multiple payment options, a businessman can as well avail the opportunity of increased foot traffic, leading to more sale and profit. Due to this new method of credit card processing solution, customers can pay through their card transactions, which allows businesses to save in bigger amount by reducing monthly processing cost. The method as well creates lots of conveniences for both, the merchant as well the shopper, to make and accept easy payments. However, businesses with greater risks should not be a part of this payment process.