- A terminal lease carries with it a 48-month lease agreement.
- The cost of that lease can run anywhere from $50-$100/month.
That is a LONG time to be paying for a terminal equipment that doesn’t cost more than $400 these days.
- If a merchant pays upfront the cost of the purchase is completely tax deductible, you don’t need to pay $2400 for a terminal equipment that costs $400.
If you can’t pay cash for your credit card terminal, you can just charge it to a business credit card. The interest paid is still tax deductible. That’s a savings of nearly $2,000 that can be better directed toward developing and expanding your business.
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