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February 2, 2015

Should you invest in new orused POS equipment

In order to stay competitive, businesses must constantly update their practices, incorporating the latest advances in customer service and convenience. Today, providing the most up-to-date retail technology means that businesses need to offer customers the option of paying from any area of the establishment. But retrofitting your business to utilize point of sale (POS) technology requires the purchase of additional equipment. So how can you get the best value for your investment?

Merchants Bancard Network, a premier merchant processing provider, offers two viable options for updating your payment receipt capabilities: new POS systems and used POS equipment. Determining which one is best for your business requires careful consideration of all of the options, weighing the pros and cons of each, while factoring in your company’s specific needs.

There are advantages to both

Both new POS equipment and used POS systems have distinct advantages. Used systems have a lower up-front cost, although you may have to pay a fee to have the unit relicensed and update the software. And while it is often difficult to know how the previous owner has used the unit and what the internal condition is, purchasing a used terminal can prove beneficial for some business owners. For example, customers who process over a phone-line only may benefit the most from MBN’s economically priced used inventory of dial-in models.

By contrast, new terminals tend to be more reliable in that they are both long lasting and generally guaranteed by the manufacturer. Additionally, some new credit card machines employ the latest technology and can run the most current software. But these models come with a higher price tag as well. Talking with an MBN representative about which option best fits your retail establishment or restaurant is the best way to make a decision on which route your business should take.

We can help find the match for you

If you are looking to update your credit card terminals, MBN can help. We offer both new and used POS systems, and will work with you to meet all of your specific business needs. MBN can retrofit your business to keep up with the latest technology, and help ensure that you are providing your customers with the best merchant processing services the industry has to offer. Contact a representative today to discuss the options. Let us help you take your business to the next level.