Wireless Point of Sale Terminals allow merchants to processing debit and/or credit card transactions on the go. This is perfect for businesses that are mobile or businesses that do not have a telephone land line nor a IP/broadband connection.
These POS Terminals have a spot inside them for SIM card so they can connect to the cell phone networks via GPS towers enabling them to be used anywhere there is a GPS signal. Most units can rented or leased from $50-70/month depending on the type of hardware or they can also be purchase anywhere from $1500 and up – just be sure to get a good warranty with the hardware.
Air-time (Data Plans) can range from company to company but it’s usually sold in packages that is based on how much Data you will use. A basic Data plan should be around $20-30 which should cover around 200-300 transaction depending on how many refunds and other things you do. Remember these Data plans usually have a system access fees too. Usually the Data Plan is set-up by the card processor, but sometimes you will also have to set this up yourself.
Credit card Merchant Discount Rates (MDR) depend on your business model, average ticket price, sales volume, the way you plan to transact, etc. and every business is different, but most businesses MDR’s will range from 1.69%-4%. Most companies have debit transaction fees set from 8cents to 15cents.
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