Learning Center
Should I lease or buy a credit card terminal?
In most cases you should buy, not lease. Terminal leases often cost far more over time than the hardware is worth and can lock you into long contracts. Velocity recommends buying (or using included hardware) rather than signing a costly lease.
Leasing a terminal can look cheap at a small monthly payment, but over a multi-year, non-cancelable lease you often pay many times the device's actual cost. Buying the hardware outright — or using equipment included with your program — is almost always the better deal.
Velocity will tell you honestly which hardware you need and the most cost-effective way to get it, with no long, overpriced lease.
Frequently asked
Non-cancelable leases often cost many times the terminal's real price over their term.
Far less than a lease totals — we'll show you buy options up front.
Often yes, depending on your program. We recommend what's most cost-effective for you.
No pressure, just answers