With this option you receive a terminal and it pays itself from the fee charged to the user. Great for places that want to offer the convinience of accepting debit cards without incurring any costs.
If you are planning on keeping your business for a long period of time, this is the option that will save you the most money. Replacement insurance is optional for $0.05 per transaction in case something goes wrong with your Terminal, you will get a new one.
The biggest reason the Banks do not sell their Terminals is because they do not want to loose their rental fee.
Canadian Payment Systems
Only get charged whenever a customer uses the Terminal. Great option if you are a seasonal merchant or if you are a start up business. You have no start up cost and no monthly fixed expenses with this option. We start charging only when you start making money!
You are tired of paying your bank large rental fees but you are not confortable enough to buy your own Terminal machine or you want just to try it, before you buy it. This option is for you! A low monthly rental fee is surely to save you lots of money during the course of the year. You can always opt to purchase your rental terminal. Its your choice! (Security deposit needed)