Terminal Rental
The monthly fee for renting your card machine hardware, separate from the per-transaction processing charge.
What It Is
Terminal rental is the monthly fee for renting your card machine hardware, separate from the per-transaction processing charge.
It's easy to overlook because it's a fixed monthly cost rather than a percentage, but over a long contract it adds up.
How It Works
You pay a fixed monthly amount per terminal. Older contracts often lock you into long terms at inflated rental on outdated kit.
Some legacy deals tie you in for years at rental far above what a modern terminal should cost.
When It's Necessary
Applies wherever you rent rather than buy hardware. Always worth reviewing against current rates and newer terminals.
If you've been with the same provider for a few years, your rental is well worth checking.
Business Impact
Reviewing rental against modern terminals frequently cuts the monthly cost while upgrading your hardware.
It's common to pay less for newer, faster kit simply by reviewing an old rental agreement.
Quick Summary
- What It Is
- How It Works
- When It's Necessary
- Business Impact