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Credit Card Machine

  • 26-01-2012 9:13pm
    #1
    blacklawlessd
    Registered Users, Registered Users 2 Posts: 41 ✭


    My sister is looking into opening a retail unit in the coming months. The one item we are having trouble with is researching credit card machines. I've been told that they cost a few hundred to get in plus, phone line, there is a monthly charge and a fee per transaction on top of that. Can anyone tell me if this is true or can someone shed more light on it for us?

    Thanks!


Comments

  • #2
    Compton
    Registered Users, Registered Users 2 Posts: 3,157 ✭✭✭Compton


    Yes, everything above is true.


  • #3
    blueyedson
    Registered Users, Registered Users 2 Posts: 243 ✭✭blueyedson


    I dont think you have to pay to get one, not for every supplier in any case. Shop around the few banks and see what they offer.

    You will need a phone line but it doesnt cost that much per month for rental.

    The machine rental per month should be no more than about 30 euro.

    A small charge is incurred for each transaction.

    In short it costs a bit, not a huge ammount, but you probably have to get one or else you'll lose more in the long run.


  • #4
    Firblog
    Registered Users, Registered Users 2 Posts: 2,199 ✭✭✭Firblog


    Have a small retail shop 6 years now, as far as I can remember the card machine I got from BOI was free, subject to €25 monthly fee; just got new one to replace that one and no extra charge - dearer if you want mobile one:example : to bring to table in restaurant.

    New machine connects via ethernet/internet not telephone line, so may be no need for one...

    Charges can vary, % of purchase for visa/mastercard/amex, charged per transaction for Laser.

    *They will try to get you to agree to % charge on visadebit, much better to have a flat transaction charge if your transactions are usually over €20, have a notice that there will be a transaction fee of 50c for transactions under that


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