Credit Card Machines: Making the Right Rent Vs. Buy Decision


Credit card machines are essential for most small businesses these days. There is no point in losing business by not being able to accept card payments, but that can well happen because some people do not even carry cash any more. You want to make it as easy as possible for your customers to pay, and a card machine is part of that.

But you already know about the many benefits of accepting cards – you just cannot decide whether to buy or rent a machine. Here’s a look at both options to help you come to a decision that is right for your business.

Renting a Credit Card Machine

There are a number of advantages to be had from renting a credit card machine, which are also known as payment terminals. Firstly, it can be a sensible option if you only need to take card payments from time to time. For example, you may only need to take card payments when you go to a weekend market or when you visit trade shows and other events, and in this case it may be more worth your while renting.


Renting also comes with fewer upfront costs. Often, you will simply agree to pay for a monthly contract, and that is the amount you pay. Buying a machine can involve a large upfront cost, so this is a way to save money at the outset, which can be useful if you are a startup and money is tight.

Renting often comes with good customer service, so you can get immediate help if something goes wrong. You may also be able to get an immediate replacement, so there is no need to spend money fixing it or buying a new one, and no waiting around.

However, it is not often ideal if you need a card machine in the long term. The costs of the monthly rent could end up costing you more over a year than the cost of paying upfront, so this is worth considering. You may also find yourself tied into a long contract that may not be ideal.

Buying a Credit Card Machine

When it comes to buying card machines for small businesses, you may be better off with this option if you are looking for a long-term solution. The upfront cost will be higher, but you could end up saving money if you only need to buy a new one every few years.

If you do buy one, make sure you compare the available options so that you can find the most suitable option for your business. You may even be able to save extra money by buying a package that includes a cash register and a scanner as well.

It is also a good idea to buy a modern card machine to ensure it does not become outdated too soon. And you may want to find out if support is included because that can help if something goes wrong with the machine and you need immediate assistance.

Decide on the Best Option for You

There is no right or wrong solution when it comes to buying or renting a credit card machine. Overall, if you have the funds available and you plan to use it for a long time, it could be a better idea to buy one. But if you are only planning to use it for a short amount of time, renting can often be the more sensible solution. So think over your options and make the right decision for your business.

Mollie Chambers works for a retail consultancy and understands the pace of change and options that retailers need to keep up to speed with. She enjoys sharing her ideas and insights with an online audience and is a regular writer for a number of relevant websites.

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