Merchant Rentals, which offers flexible financing and rental options for POS payment terminals, has entered into a supplier agreement with EIT.
EIT provides payment, logistics, and IT services, including flexible acquiring solutions and a diverse range of agnostic terminals from brands such as Castles, PAX, and Verifone. This partnership enables Merchant Rentals to offer a wider array of terminal options alongside customized financing plans, assisting businesses in adopting new technology without substantial upfront costs.
Enhancing Access to POS Technology
Through flexible finance and rental programs, Merchant Rentals has supported numerous introducers and merchants, facilitating the adoption of technology where initial investment is a hurdle. The new EIT agreement continues this effort by providing more hardware choices and streamlining access to POS solutions.
Under the partnership, EIT offers technical support and logistics expertise, ensuring swift deployment and ongoing maintenance. Combining these services with Merchant Rentals’ flexible payment plans, businesses can gain access to the latest terminals while managing their cash flow effectively. This collaboration supports growth for merchants in competitive markets, particularly in retail and hospitality, where point-of-sale experiences significantly influence customer satisfaction and revenue.
Contactless and mobile payments have become standard in UK retail, with over 75% of debit card payments now utilizing tap-to-pay methods. This transition reflects a lasting shift in consumer behavior, as shoppers increasingly prefer quick, convenient, and low-contact payment options. The trend is especially pronounced in retail and hospitality sectors, where speed at the point-of-sale directly impacts customer experience and sales volume. Mobile wallets, NFC-enabled cards, and wearable devices are also driving this adoption, making contactless payments a necessity rather than just a convenience.
By partnering together, Merchant Rentals and EIT aim to eliminate barriers to technology adoption, providing businesses with both flexibility and choice. The agreement underscores the growing importance of collaboration between hardware providers and finance specialists in keeping merchants current with advancing payment technologies.
