Mynt Sales Tactics
Unlike some competitors, Mynt sells its hardware directly to businesses. Often, POS providers operate through merchant account providers to either lease or resell their hardware. Buying hardware directly from the POS system manufacturer protects merchants against the possibility of entering in an expensive long-term, non-cancellable equipment lease. Mynt does charge for add-ons to its basic hardware for items such as payment terminals, bar and kitchen printers, and laser barcode scanners.
In addition to selling directly to businesses, Mynt’s website also conveys that it employs independent resellers. However, the company does not have any public complaints regarding its reseller program.
This compares favorably to our list of best credit card processors.
No Misleading Pricing
To its credit, Mynt does not appear to list deceptive prices. However, while the company’s website conveys that clients must enter into a 1-year contract to utilize the POS services, it does not disclose the monthly cost charged to businesses. It should be noted that Mynt does not set pricing for payment processing rates and fees. Instead, those costs are determined by its supported payment processors, either First Data, Global Payments, Heartland, TSYS, or Worldpay.
Mynt’s policy of selling hardware directly to merchants is a definite plus. Though the company employs independent resellers, it does not have any complaints regarding its sales practices. However, since the company does not disclose any information on its pricing through its website, we award Mynt a “B” in this category.
