Where to Sell Your Used POS Equipment

Upgrading your business’s POS system often leaves you with unused hardware. Rather than letting your used equipment collect dust, selling it can recover some of your investment and benefit other businesses. This guide will help you identify your equipment type and brand, and outline the best places to sell it.

Identifying Your POS Equipment

Before selling, clearly identify the type and brand of your POS equipment:

Type of Equipment

Different POS components include:

• Terminals: Primary touch screen or keyboard-based interfaces used by staff.
• Printers: Receipt and label printers, essential for transaction records and order processing.
• Barcode Scanners: Devices used to read barcodes quickly and accurately.
• Card Readers: Machines designed for processing card payments securely.
• Cash Drawers: Secure compartments for storing cash and transaction receipts.

Brand and Model

Identifying the correct brand and model is critical for accurate valuation. Popular brands include NCR, Square, Clover, Epson, Ingenico, and Verifone. Clearly documenting the model number, manufacturing date, and condition ensures you receive accurate and competitive quotes. For a quick evaluation and fair quote, contact TeleTraders directly—they specialize in accurate assessments and ensure secure data destruction.

1. Specialized IT Asset Resellers

Companies specializing in IT asset resale, such as TeleTraders, offer a structured and secure selling experience. Advantages:

• Professional, expert-driven evaluation for fair and accurate pricing.
• Quick transactions, typically involving minimal paperwork.
• Rigorous data destruction processes to ensure security and compliance.
• Convenient pickup or shipping arrangements.

2. Online Marketplaces

Platforms like eBay, Amazon, or Facebook Marketplace expose your equipment to a broad and varied audience. Advantages:

• Extensive reach to diverse buyer demographics.
• Control over pricing and flexibility to adjust based on market demand.

Considerations:

• Responsibility for managing listings, negotiations, payments, and shipping.
• Competition could lead to lower profit margins.

3. Local Classifieds and Forums

Local classified websites, business forums, or community groups provide a direct connection to nearby businesses. Advantages:

• Convenient, potentially quicker transactions due to locality.
• Opportunity to build local business connections.

Considerations:

• Limited market scope compared to online marketplaces.
• Frequent need for negotiations and possible lower offers.

4. Industry Trade-in Programs

POS equipment manufacturers often have trade-in programs aimed at upgrading older equipment. Advantages:

• Convenient when upgrading within the same brand or ecosystem.
• Potential discounts on new purchases, maximizing savings.

Considerations:

• Restrictive terms and limited choice in trade-in values.
• Usually applicable only when purchasing new equipment from the same provider.

5. Auction Houses and Liquidation Services

Ideal for businesses with large quantities of equipment, auctions and liquidators help in quickly disposing of excess inventory. Advantages:

• Efficient and rapid liquidation of assets, beneficial in large-scale disposals.
• Minimal effort in transaction management once the auction is set up.

Considerations:

• Potentially lower returns due to fees, commissions, and competitive bidding.
• Less suitable for smaller quantities or single-item sales.

Preparing Your Equipment for Sale

No matter the method selected, ensure your POS equipment is:

• Cleaned and restored to optimal presentation.
• Professionally wiped of all data to safeguard privacy and compliance.
• Documented thoroughly with detailed model specifications, serial numbers, and clear images.

Final Thoughts

Choosing the right sales channel significantly impacts your financial returns and overall experience. Specialized IT asset resale companies like TeleTraders offer secure, profitable, and straightforward solutions. Ready to sell your POS equipment? Contact TeleTraders today for a quick quote, seamless selling process, and assured secure data destruction.