What is the catch with the free debit machine
We forget that price is based on market conditions. Two major changes in the debit machine world have caused the FREE Debit machine to be real.
1) The advent of “Square” (issues)
With this web site giving away a device that accept VISA, but not debit cards has the other banks losing market share. So if they do not offer a free debit machine then they lose market share to “Square”
2) The cost of buying a debit machine has come down in price. What was $1,100 is now $400
What is the catch: As your accept VISA we make a percentage of your sales for arranging your VISA merchant account.