Credit Card Processing on the Internet

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Are you planning to incorporate credit card processing in your business? You will need the services of a good credit card processing company to start you up. With so many agencies in the market, it is hard to decide which credit card processing solution is best for your business. A good way to start is by comparing the fees and cost of services offered by various credit card processors. Following are some of the costs involved in accepting credit and debit cards.

Cost of hardware

Hardware is the most expensive investment. The point-of-sale (POS) credit card terminals cost anywhere between $150 and $700. Wireless become a credit card processor models fall in the range of $500 to $1000. Higher end models with added features cost even more. The cost of the terminals depends on how useful the additional features are, such as security features, and the look of the machines.

Depending on your business plan, you may choose to buy or lease credit or debit card terminals. Investing in hardware is cheaper in the long run, but if you are unsure of your long term plans it is better to lease the machines. Leasing charges are usually in the neighborhood of $20 per month.