Financial Information
Does having a credit card processing machine help make a better credit rating for that business?
Question : Does having a credit card processing machine help make a better credit rating for that business?
I have one leased for 4 years and was just wondering. Also does it matter how often you use it?
credit card processing machines
Best answer:
Answer by Rich Z
Only if it results in your making more money and making the business do better. The machine itself doesn’t help your rating.
This entry was posted by admin on October 4, 2010 at 2:57 pm, and is filed under Banking. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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You have two separate issues here:
1.) If you have made your lease payments on time, you will have improved your business credit rating. This has nothing to do do with your credit card processing.
2.) The more credit card transactions and volume that you process, the more competitive rates you should receive. If you are coming to the end of a lease with your current provider, it is a great time to explore your options and assure that you are competitively priced.
Please feel free to contact me with any questions.