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
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- 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
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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
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- 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
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So, which option is right for you? Take our short quiz, and we’ll send you a personalised recommendation based on your business needs.