To add to this subject and mention new information, a law suit was filed recently by the Attorney General of New York.  Read more on the link provide below. The company involved is Northern Leasing Systems.  This is just one company involved in this “leasing” industry.  In the complaint it mentioned deceptive sales practices, which I have heard about from business owners.  In additional it states, “Northern Leasing’s lease terms are onerous and totally one-sided in favor of the company.  The credit card equipment leased to consumers by Northern Leasing is valued at only a few hundred dollars (at most) when new, yet over the course of a Northern Leasing lease consumers pay thousands of dollars for the equipment.” This echoes info in my previous post where I mentioned the cost.  Again, do not lease your credit card terminals or equipment.  It is just not a good business decision.

http://www.ag.ny.gov/press-release/ag-schneiderman-sues-northern-leasing-systems-inc-deceptive-business-practices-and
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​I am noticing more and more merchants using Square for processing their credit cards.  On the surface, Square may seem like a good option and for some it may be.  If you are just starting out and not sure how well your new business may take off, and depending on what you are selling or services of your new business, perhaps it is a good option. For example, right now it is more of a hobby than a thriving business. Square might be a good option.