Quote:
Originally Posted by cam_calderon
Are the actual machines provided by banks, or independent companies?
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Both. You can choose where to get them from.
I find Banks tend to have better rates because they have the infrastructure already in place, but they fix that by really bending you over on the machine rental fees.
And thats not a hard and fast rule.
I've found that with POS machines you really need to play vendors off against each other to get competitive rates.
"Well Elavon will give me these rates, TD gives these and so and so will give me these, so if you want my POS business you need to beat that."
But I hate bartering, because these guys will give you a 3-6 month 'teaser' rate to switch over and then the real colonoscopy begins and you have to do the whole process over again.
Its very tiresome and tedious.
I just want a fair rate over a reasonable time-period so I know what I'm paying.
Its even worse for me because a lot of my revenue through the POS machine comes in a very short period of time. During Tax Season a lot of money goes through that machine in 3 months making those payments very high, and later in the year, not so much, because I get more Corporate work and they can E-Transfer, Cheque, whatever.
But man...those POS machine peddlers are just relentless. I'm serious, I get so many calls its aggravating.
POS peddlers are getting to the point of Photocopier machine salesmen at this point.
NOBODY wants your goddamned photocopier! Do you see the SIZE of this business? I dont need a Copy machine the size of a Volkswagen!