Did you know that it is possible to have a credit card machine even with a negative credit rating?
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To be a Individual Microentrepreneur (MEI) in Brazil it can be a great way to legalize your business and take advantage of various tax benefits.
However, not everything is rosy. Many entrepreneurs end up facing financial difficulties, which can result in credit restrictions and the famous name negativeThis alone can create significant obstacles when it comes to accessing essential financial services, such as credit card machine.
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But here's the good news: even with a bad credit rating, it's possible to hire a card machine for your MEIYes, you read that right. You don't need a clean reputation to have access to this crucial tool that can make all the difference to your business.
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What do you need to know about the card machine for MEI with a negative credit rating?
Many people believe that, by having their credit rating negatively impacted, they are automatically excluded from various financial opportunities, including hiring a credit card machine.
However, this idea is far from reality. Although a bad credit rating is an obstacle to some forms of credit, it no is an absolute impediment for anyone who wants to purchase a card machine.
This is because companies offering this service have begun to understand the market reality. They know that, for many entrepreneurs, card machine is an essential tool to increase sales and offer more payment options to your customers.
Thus, many of these companies offer specific solutions for MEIs with negative results, with some more flexible conditions for approval.
It is worth noting that, even in negative situations, approval for the machine will depend on some factors, such as sales history, the form of payment of monthly fees and in some cases, the guarantee that the entrepreneur will keep the card machine payments up to date. But even so, the options are numerous and worth investigating.
How does the card machine work for MEIs with bad credit?
The machines of credit card available to MEIs with bad credit are quite varied. Most of them offer the possibility of daily or weekly payment rental or sales rates, which can facilitate the entrepreneur's financial control.
Additionally, these machines accept a wide variety of credit and debit cards, including major brands such as Visa, Mastercard and Elo.
The difference in hiring a machine for MEI negative is that many operators do not carry out a rigorous credit analysis, as is the case with other types of financing.
Instead, they are based primarily on the MEI sales volume and in the commitment with payments, which allows many entrepreneurs facing financial difficulties to have access to the service.
These machines work simply. Just connect them to your phone via Bluetooth or cable, and you're ready to accept credit or debit card payments, providing more convenience to its customers and, consequently, more sales for your business.
Why is having a card machine essential for your MEI?
Now that you know it is possible to have one credit card machine even with a negative name, it's time to understand why this tool can be essential for your MEI. Let's look at some key points:
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Increased sales: To accept credit and debit cards is an excellent way to increase sales, as many consumers prefer to pay this way for convenience and even for promotions of installments.
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Credibility: Have a card machine gives to your MEI an air of professionalism and credibility, especially for customers who prefer not to pay in cash.
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Payment diversification: In addition to cash and Pix, offer the option to pay with card can attract a new audience, especially those who don't carry cash or aren't used to paying via transfers.
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Ease of management: With the machine, you can easily manage the sales, obtain detailed reports and control receipts, which facilitates the financial management of your MEI.
But as you can see, the card machine offers more than just a payment option. She is a growth tool for your MEI, enabling you to expand your sales opportunities, improve financial management and, at the same time, continue to serve your customers in a modern and efficient way.
What are the best card machine options for MEIs with bad credit?
There are several companies that offer card machines for MEIs, including some that accept those with bad credit. Some of the most popular options include:
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PagSeguro: PagSeguro is one of the best-known companies in Brazil and offers card machines for MEIs with negative results. Approval is simple and based primarily on sales volume.
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Mercado Pago: It also offers machines for MEIs with a bad credit history, with affordable conditions and without the need for rigorous credit analysis.
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Stone: Stone has several options of machines and offers an excellent alternative for MEIs with negative results, with competitive rates and fees.
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SumUp: A simple and affordable option, with easy-to-use machines and approval for MEIs, even those with negative credit ratings.
Each of these companies offers differentiated conditions of payment and competitive rates, which allows the MEI to find the solution that best fits their budget and in the your business needs.
What precautions should I take when purchasing a card machine?
Despite the advantages of having a card machine, it is important that MEI be aware of some points before hiring this service:
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Fees and rates: Always check the fees charged per transaction, machine rental, and any maintenance costs.
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Receipt limit: Some machines impose limits on monthly sales, therefore, analyze the expected sales volume to ensure that the chosen option is sufficient.
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Hiring without bureaucracy: If the goal is to obtain a card machine without rigorous credit analysis, prefer options that are based more on your sales history.
Want to know how to secure your card machine even if your credit score is negative? Then, click the button below to continue reading and find out all the details!
→ READ ALSO: Credit Card for MEI with Bad Credit: Find Out How to Get One.