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Credit Card Machines

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  • 26-10-2011 11:12am
    #1
    Firblog
    Registered Users Posts: 2,037 ✭✭✭


    Mod: Please feel free to move this to another area if not in right forum

    Looking for advice and info about credit card machines/terminals

    I've a small business and have figured out that over the last 5 years I've paid 1500+ in retal fees to the credit card clearance company Elavon for the use of the credit card terminal.

    Waste of money:

    1. Do Credit Card companies let you use terminals which you aren't renting of them?

    2. Can you buy them? (Where?)

    3. What is the setup procedure for them?

    Cheers for the advice


Comments

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    #2
    maxer68
    Closed Accounts Posts: 1,076 ✭✭✭maxer68


    Negotiate the price down - I pay 16.60 per machine per month.


  • Options
    #3
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Moved to Entreprenurial & Business Management

    dudara


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    #4
    jacknarvy
    Registered Users Posts: 5 ✭jacknarvy


    I'm using VeriFone Vx510 credit card machine. The Verifone Vx510 credit card machine is a very user-friendly and reliable terminal. The terminal fulfills the need for a wide range of payment options for a small company who desires the flexibility of offering different types of payment options to their clientele.


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    #5
    sandin
    Closed Accounts Posts: 1,594 ✭✭✭sandin


    Firblog wrote: »
    I've a small business and have figured out that over the last 5 years I've paid 1500+ in retal fees to the credit card clearance company Elavon for the use of the credit card terminal.

    Pay then €15 a month for the machine max - if they don;t agree simply move to another merchant provider.

    Also, pay max 18 - 22c for laser transaction and maximum 2% for cards - these would be based on small volumes. If you are putting more than 250k through a machine you haggle for lower fees. At €1+ you'll get lasre for 14c and credit cards for 1.25% though some classes of cards will be higher.

    Elavon
    Steamline/worldpay
    AIB Merchant services
    Barclaycard services


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