The Real Cost of a Free Credit Card Terminal
Why is a free card terminal rarely free? Because the hardware is the cheapest part of the deal and the processor knows it. A countertop terminal costs a few hundred dollars. The processing on it over a four-year agreement is worth thousands, so giving away the box to lock in the rate is straightforward arithmetic for the provider. Free hardware is not a scam. It is a trade, and it is worth knowing what you traded. What usually comes attached? A longer term
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