How to Buy a Used Credit Card Machine
You can buy used credit card processing terminals from various sources. Machine costs vary based on condition, seller's supply and delivery method. For instance, you might be able to purchase inexpensive older models from a local store or slightly used high-end machines online. If you cannot afford the cost, some retailers even extend credit.
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Instructions
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Select models with desired features. You can buy a machine with or without a printer and keypad. A machine might require dial-up rather than Wi-Fi connection. You also can purchase machines that process both credit cards and electronic checks. Your current merchant provider might prohibit certain machines or charge more for keyed rather than swiped transactions.
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Contact multiple merchant account providers like merchantwarehouse.com or merchantequip.com that offer card processing services. Several providers sell terminals as a bundle with processing service as well as refurbished units separately.
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Assess machines that are posted through online auctions, like ebay.com under the business, retail & services, point of sale equipment link. Research the seller using buyer feedback and sales history to gauge reliability.
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Contact local businesses that are in liquidation or shutting down. Businesses of all size have credit-card machines. Many businesses that will close soon sell their equipment at reduced rates. Before paying for a machine, make sure that it works by running a test transaction.
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Negotiate for lower per unit prices, especially if you will purchase multiple machines. Evaluate warranties and replacement programs, which sometimes are available for used machines.
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Consider using an iPhone app created by innerfence.com, which processes credit card transactions through your iPhone without any additional equipment.
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Tips & Warnings
Review whether the card machine seller accepts returns.
Make sure that the machine meets credit-card company standards and compliance requirements. For instance, certain older models might not be able to process debit cards.
