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First Data Global Leasing                                    

Backed by the strength and scale of First Data, First Data Global Leasing provides strategic payment processing solutions to more than 275,000 businesses of all types and sizes throughout United States, Canada, Puerto Rico, Mexico and the United Kingdom and funds approximately 200 bankcard industry service providers. First Data Global Leasing is dedicated to the success of your business. Together, we can build a POS leasing program that meets the specific needs of your business.

What is a Lease? A lease is a financing arrangement where one party, the lessor, owns the equipment, and the other party, the lessee uses the equipment. In exchange for this use, the lessee pays the lessor a monthly fee, or lease payment. Put differently, a lease is a rental agreement with a fixed term.  Does the merchant ever own the equipment? The lease company retains ownership during the initial lease term. Currently the merchant has 3 end-of-lease options: Continue making the same monthly payment for a period of time. Purchase the equipment as detailed in Section 7 of the Equipment Lease Agreement. Return the equipment.

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