Renting or leasing small, low value items of equipment such as a card payment machine will work out considerably more expensive over the lifetime of the item compared to buying it outright.  Sometimes that saving can be as much as 45%.

Many businesses don’t know what their business will look like in 2 or 3 years time and they’re reluctant to enter into a long-term lease/rental agreement.  Not only that it also means that they are free of monthly on-going costs.  The technology belongs to you immediately and is an asset of the business rather than a monthly millstone around it’s neck.

Buying your device outright also means that you can be up and running and taking payments much faster as there is no need to go through the sometimes lengthy leasing application.  Further to that if the business owner isn’t tied into a rental contract, they are free to switch provider or take advantage of a better deal at any time.  Also, if you scratch or dent the device through wear and tear, you’re not liable to have to repair or replace the device if it is still functional and usable.

During the COVID 19 lockdown merchants couldn’t trade.  Those that had their card payment machine through a rental agreement continued to receive monthly bills, not only for the rental of their terminal but also in many cases they were hit with a Minimum Monthly Service Charge (MMSC) because they weren’t transacting to agreed minimum levels, whereas those that owned their card terminal outright paid nothing.  They could simply put their card reader in a drawer & wait for the restrictions to be lifted.

With 25 years industry experience Android EPOS are leading suppliers of EPOS, Card Payment and Digital Signage solutions for hospitality, Retail & Leisure operators and offer a range of contract and rental free devices, with outright ownership at great rates with no hidden charges.