Does having a credit card processing machine help make a better credit rating for that business?

Question

I have one leased for 4 years and was just wondering. Also does it matter how often you use it?

Answer 1

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.

Answer 2

Only if it results in your making more money and making the business do better. The machine itself doesn't help your rating.