Should I Purchase or Lease my EFTPOS Terminal?

When it comes to choosing an EFTPOS terminal for your business, you may be considering whether to purchase or lease a device. There's no one-size-fits-all answer—it all depends on your business’s cash flow, growth plans, and how much flexibility you need.

To make the decision easier, we’ve put together a quick quiz to help you determine the best option based on your business needs. But first, let’s break down the pros and cons of each approach.

Purchasing an EFTPOS Terminal

Pros Cons
  • One-time cost – No ongoing rental fees
  • Full ownership – The terminal is yours to use however you like
  • Potential long-term savings – If you choose a late model device and can continue using the terminal for years, it may cost less overall than leasing
  • Higher upfront cost – Can be a significant investment, especially for small businesses
  • Technology risk – You’ll need to upgrade or replace it when your device reaches it's sunset date
  • Limited support – Support can be limited compared to an EFTPOS subscription package

 

Leasing an EFTPOS Terminal

Pros Cons
  • Lower upfront costs – No big initial investment
  • Ongoing support – Maintenance, updates, troubleshooting and proactive compliance upgrades are typically included
  • Flexibility – Upgrade to newer models easily as your business grows
  • Ongoing cost – Monthly fees add up over time
  • No ownership – If you stop leasing, you won’t have a terminal
  • Contract terms – Most providers require fixed-term agreements
So, which option is right for you? Take our short quiz, and we’ll send you a personalised recommendation based on your business needs.

Take our quiz here and we'll send you our recommendation based on your business needs.
 
 

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