Cheap Credit Card Machines & Processing Fees – How Affordable is The Price in 2020?
When looking for the cheapest price on credit card processors from a quality vendor, keep these matters in mind:
- Which credit cards will you want to accept? (Visa, MasterCard, American Express, Discover)
- How much is your average transition valued at?
- How much is your projected monthly credit card volume?
- Do you need a credit card terminal? (requires a printer)
The cost of a credit card machine and fees depends on the kind of solutions you choose prices are greatly reduced with larger call volumes.
What are Credit Card Processing Machines?
Choosing the best low-cost credit card processing machine for your business needs can help you reduce processing costs and increase your profits. A credit card machine, also known as a POS or point of sale terminal, is a machine which interfaces with payment cards to make electronic funds transfers. Remote wireless credit card terminals can transmit a card’s data using either cellular or satellite networks.
What to Look for in a Low-Cost Credit Card Processor For Your Business?
When shopping for Credit Card Machines the most important thing will be the percentage you pay on each dollar spent. Beyond that, other important considerations are:
- Contract Length
- Termination Fees
- Monthly Fee for Equipment Rental
- EMV Compliance
- Low tiered rates (especially for swiped credit cards)
Bargain Credit Card Processor Companies with Discounted Prices
Here are some options to get you started when looking for the best discounted prices on credit card processors.
National Bankcard: National Bankcard offers the lowest price for a basic EMV-compliant terminal. Their processor offers competitive rates and fees, making it an affordable solution. National Bankcard works with businesses of all sizes and accepts most businesses that submit an application.
Square: Increasing in popularity, Square’s economical flat-rate processing costs make it a low-cost option for businesses with smaller price points. Because Square doesn’t charge additional fees and has low priced costs on equipment, it’s an attractive option for new or small businesses. Square offers a Contactless + Chip Reader that connects to your phone or tablet via Bluetooth.
Standard credit card machines have several great options and features, including a small display screen, a magnetic strip card reader and a keypad. Many solutions come equipped with printers already built-in, and others let you opt for a pin pad that allows you to keep the credit card transaction safe and secure for payment processing.
Let us help you get the cheapest price on credit card processing and equipment from a trusted company in your area.