I recently switched companies from Global to Cardex...due to the "great deal" Cardex was offering.
There are some major things you need to be aware of...
- minimum debit transaction fee per month
- card card transaction fee, along with discount which varies from 1.87 up to 2.5 per transaction
- purchase or lease terminal if leasing must provide insurance policy for discounted price in terminal
- month end statements, previously with Global (much more expensive) I received one statement with all transactions on it and discounts removed at the end of the month from my account
- month end statements with Cardex, three different statements, each day monies are deposited into my account with discount automatically removed. Reconciling month end due to this has become a NIGHTMARE!!
- start up fee varies from $50.00 to $100.00
Most financial services have a 3 to 5 year leasing term....that means no matter what you would have to buy out the remainder of your lease AND/OR pay a cancellation fee should you find their system is not working out for you.
I have read through the Costco stuff as I was thinking of going with them and chose Cardex....BIG MISTAKE....I wish I would have given Costco more thought.
Be very cautious and do not make this decision lightly...trust me it may haunt you for a very long time.
AnginMJ
__________________
AnginMJ
Keep Smiling as it is Contagious!!
|